Knowledge Marine Approves Preferential Issue of ₹150 Cr, EGM on July 19

Knowledge Marine & Engineering Works Ltd's Board of Directors approved a preferential issue of up to 7,64,317 equity shares at ₹1,962.53 per share, aggregating to ₹149.99 crore. This issuance is to non-promoter category persons and is subject to shareholder and regulatory approvals. The company also approved convening an Extra-Ordinary General Meeting (EOGM) on July 19, 2026, to seek shareholder consent for the preferential issue. Additionally, CARE Ratings Limited was appointed as the Monitoring Agency for the issue. The Board also noted the allotment of 1,55,892 equity shares to a promoter group member upon conversion of warrants, increasing the paid-up equity share capital.