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Knowledge Marine & Engineering Works Limited ( (IN:KMEW) ) has provided an announcement.
Knowledge Marine & Engineering Works Limited announced the approval of issuing equity shares and convertible warrants on a preferential basis, aimed at raising significant capital. This move is expected to strengthen the company’s financial position and support its strategic initiatives. Additionally, the company will hold an Extra-Ordinary General Meeting to seek shareholder approval for these issuances, and it has appointed CARE Ratings Limited as a monitoring agency. Furthermore, the resignation of Mr. Jagat Jiban Biswas as a Non-Executive Non-Independent Director has been accepted, marking a change in the company’s board composition.
More about Knowledge Marine & Engineering Works Limited
Knowledge Marine & Engineering Works Limited operates in the marine industry, focusing on shipbuilding, repair, chartering, and marine contracting services. The company is listed on both the BSE and NSE exchanges.
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.