BSELWS Knitwear LtdMediumNeutral
Announced Fri, 20 Mar · 17:13 IST

The proceeding / outcome of EGM is attached herewith

Corporate Actions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹16.11
prior close
₹16.00
base price
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+3.1+1.6+0.0+4.4+0.4-6.8-8.3-4.4-3.5-2.4+5.5+0.2+6.1+2.5
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AI summary

LWS Knitwear Ltd held an Extra-Ordinary General Meeting on 20th March 2026 from 10:00 AM to 10:30 AM at its Ludhiana office. The only item of business discussed was a special resolution to approve an increase in the authorised share capital of the company. The results of remote e-voting and the poll conducted at the venue, along with the scrutinizer's report, are still awaited and will be disclosed separately in due course. No other corporate actions such as dividends, bonus issues, stock splits, or buybacks were part of this meeting's agenda.

Likely market impact

An increase in authorised share capital is typically a preparatory step that allows the company to issue more shares in the future, potentially for fundraising, expansion, or a bonus issue. Shareholders should watch for follow-up announcements detailing the new capital structure and the purpose behind the hike, as this could lead to dilution depending on how the expanded capital is utilised.