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The latest announcement is out from Knowledge Marine & Engineering Works Limited ( (IN:KMEW) ).
Knowledge Marine & Engineering Works Limited announced the approval of a preferential issue involving the issuance of equity shares and convertible warrants, aimed at raising significant capital. The issuance includes up to 14,21,054 equity shares and 77,946 convertible warrants, targeting non-promoter and promoter categories, respectively. This strategic move, subject to shareholder and regulatory approval, is expected to bolster the company’s financial position and enhance its market capabilities. Additionally, the company plans to hold an Extraordinary General Meeting to seek approval for these actions and has appointed CARE Ratings Limited as a monitoring agency. The resignation of Mr. Jagat Jiban Biswas as a Non-Executive Non-Independent Director was also announced.
More about Knowledge Marine & Engineering Works Limited
Knowledge Marine & Engineering Works Limited operates in the marine industry, specializing in shipbuilding, repair, chartering, and marine contracting services. The company is listed on the BSE and NSE exchanges, indicating its focus on providing essential maritime services.
Average Trading Volume: 6,068
Technical Sentiment Signal: Buy
Current Market Cap: 24.96B INR
Find detailed analytics on KMEW stock on TipRanks’ Stock Analysis page.