LWS Knitwear has convened an Extra-ordinary General Meeting to seek shareholder approval for a preferential issue of equity shares.

The company plans to issue up to 30 lakh new equity shares at a price of Rs 10.50 each, including a premium.

This initiative aims to raise approximately Rs 3.15 crore from both promoter and non-promoter entities.

This capital infusion is intended to augment long-term resources and support general corporate purposes, thereby strengthening the company's financial position for future growth.