Announced Tue, 21 Jul · 16:06 IST
KMEW shareholders approve preferential share issuance at EGM
Board & Shareholder Meetings View source PDF
KMEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-5.1%1-day move
₹2459.90
prior close
₹2452.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.2—-0.3-5.1-0.2-0.6———————
Up moveDown movePending
AI summary
The company held an EGM on July 19, 2026, where shareholders approved a special resolution to issue equity shares on a preferential basis. Of 24,444,108 total shares, 15,498,678 votes were polled (63.40%), with 97.70% in favour (15,142,580 votes) and 2.30% against (356,098 votes). Promoter group voted 100% in favour. The resolution was passed.
Likely market impact
Preferential share issuance approved. Expect equity dilution ahead. Promoters fully supportive but public institutions largely opposed (96% against).