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Monthly Update12 Feb 2026, 01:50 pm

Knowledge Marine & Engineering Works Ltd Reports Utilization of Preferential Issue Proceeds for Q3 FY26

AI Summary

Knowledge Marine & Engineering Works Ltd has reported the utilization of proceeds from their preferential issue for the quarter and nine months ended December 31, 2025. The Monitoring Agency Report, provided by CARE Ratings Limited, was reviewed and approved by the Audit Committee and Board of Directors in their respective meetings. The report confirms that no deviations from the objects, no material deviations from the expenditures disclosed in the Offer Document, and all unutilized funds are parked in fixed deposits and monitoring accounts with banks as on December 31, 2025.

Key Highlights

  • Knowledge Marine & Engineering Works Ltd has reported the utilization of proceeds from their preferential issue for Q3 FY26
  • The Monitoring Agency Report was reviewed and approved by the Audit Committee and Board of Directors
  • No deviations from the objects or material deviations from the expenditures disclosed in the Offer Document were reported
  • All unutilized funds are parked in fixed deposits and monitoring accounts with banks as on December 31, 2025