Knowledge Marine & Engineering Works Limited — Board Meeting, 24-12-2024: Outcome of Board Meeting

The Board of Directors of Knowledge Marine & Engineering Works Limited has approved several significant proposals. These include a sub-division of existing equity shares from one share with a face value of Rs. 10 to two shares with a face value of Rs. 5 each, pending shareholder approval. Additionally, the board agreed to amend the Capital Clause of the Memorandum of Association to reflect the share split.

The company also plans to raise funds of up to Rs. 500 crore through various methods, including equity shares and other securities. A notice for an Extraordinary General Meeting has been approved to seek shareholders' consent for these actions. A Fund-Raising Committee will be constituted to oversee these initiatives.