Pursuant to the specified regulations, the Board of Directors in its meeting held today i. e. the 23rd day of February 2026 at the Registered Office of the Company at G.T. Road (W), Ludhiana-141008, ....
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Awaiting price reaction for this filing.
LWS Knitwear's Board of Directors met on 23rd February 2026 and approved an increase in the company's authorised share capital, pending shareholder approval. The Board also cleared the draft notice for an Extraordinary General Meeting and appointed M/s Bhambri and Associates as the scrutinizer for the EGM. The EGM has been scheduled for 20th March 2026 at 10:00 AM in Ludhiana. The purpose of raising the authorised share capital is not specified in the filing.
The increase in authorised share capital by itself does not change anything for existing shareholders but signals that the company may undertake a corporate action (such as an issue of new shares or a bonus) that would require shareholder approval at the upcoming EGM on 20th March 2026. Investors should watch for further disclosures outlining the purpose and terms.