Knowledge Marine & Engineering Works Approves ₹500 Crore NCD Raise

Board approved issuance of listed NCDs up to Rs 500 Cr, subject to shareholder and regulatory approvals; also approved 5-to-1 share split, subject to shareholders. The NCD approval marks a shift toward debt-funded expansion and supports the company's shipyard and dredging investment phase. Coupon, tenure, security, pricing and fund deployment remain undisclosed; the borrowing could increase leverage. Shareholder approval is pending.