Knowledge Marine & Engineering Works Limited has informed the Exchange regarding allotment of 1499000 securities pursuant to Preferential Issue at its meeting held on October 30, 2025
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Knowledge Marine & Engineering Works Limited has allotted 14,99,000 securities to certain investors under a preferential issue. The allotment was approved at a board meeting held on October 30, 2025. The company has informed the stock exchange about this development. No details on the issue price, identity of allottees, or use of proceeds have been provided in this filing.
This is a dilution event for existing shareholders as new securities are being issued to select investors. The actual impact on the stock will depend on the issue price and how the raised funds are utilized, neither of which is disclosed in this particular announcement.