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Board Meeting8 Sept 2026, 12:30 pm

Knowledge Marine & Engineering Works Ltd Board Approves NCD Issuance Up to ₹500 Cr

AI Summary

Knowledge Marine & Engineering Works Limited's Board of Directors, in a meeting held on September 8, 2026, approved the issuance of Non-Convertible Debentures (NCDs) up to ₹500 crores. The NCDs can be issued via private placement, public issue, or other permissible modes, subject to necessary approvals. The board also approved the draft Board's Report for FY2025-26 and the notice for the 11th Annual General Meeting (AGM) scheduled for September 30, 2026. Additionally, the board approved the alteration of the Memorandum of Association to facilitate the sub-division of equity shares, following shareholder approval.

Key Highlights

  • Board approved NCD issuance up to ₹500 crores.
  • AGM scheduled for September 30, 2026, to approve FY2025-26 report.
  • Equity share sub-division requires shareholder approval.
  • NCD issuance is within the approved borrowing limit of ₹1,200 crores.