Regulatory14 Aug 2026, 06:02 pm
KMEW Reports No Deviation in Preferential Issue Proceeds Utilization
AI Summary
Knowledge Marine & Engineering Works Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, detailing the utilization of proceeds from its preferential issue. The report, prepared by CARE Ratings Limited, confirms that all funds utilized during the quarter were in line with the objects disclosed in the offer document. The company raised Rs. 284.81 crore through the issue of equity shares and convertible warrants. The Audit Committee has reviewed and approved the report. No material deviations were observed in the utilization of funds, and all necessary approvals are in place.
Key Highlights
- No deviation reported in preferential issue proceeds utilization for Q1 FY27.
- Rs. 284.81 crore preferential issue proceeds monitored by CARE Ratings.
- Funds utilized as per offer document and board-approved objectives.
- Audit Committee confirmed and approved the utilization report.
- No material changes in the terms of finance for disclosed objects.
Price Impact
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