- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Knowledge Marine & Engineering Works Limited has announced a board meeting where it approved a share split, resulting in a sub-division of one equity share with a face value of ₹10 into two equity shares with a face value of ₹5 each. This decision is aimed at enhancing liquidity and broadening its shareholder base. The Board also approved alterations to the Memorandum of Association to reflect this change, alongside authorizing the raising of funds up to ₹500 crores through various equity instruments. The announcement suggests a positive outlook, as the fund-raising initiative could strengthen the company's financial position. An Extra-Ordinary General Meeting is scheduled for January 20, 2025, to obtain shareholder approval.
All announcements from Knowledge Marine & Engineering Works Limited