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Corporate Governance6 Nov 2026, 07:32 pm

Knowledge Marine & Engineering Works: Monitoring Agency Report for Preferential Issue Proceeds

AI Summary

Knowledge Marine & Engineering Works Ltd has submitted its Monitoring Agency Reports for the utilization of proceeds from two preferential issues: Rs. 284.81 crores (September 2025) and Rs. 149.99 crores (June 2026). The reports, prepared by CARE Ratings Limited for the quarter ended September 30, 2026, confirm that all fund utilization was in line with the objects disclosed in the offer documents. There were no material deviations observed. The company's Audit Committee reviewed and approved the reports on November 06, 2026. The reports are available on the company's website.

Key Highlights

  • Monitoring Agency Reports submitted for two preferential issues.
  • Rs. 284.81 Cr and Rs. 149.99 Cr funds utilized as per offer documents.
  • CARE Ratings Limited confirmed no material deviations.
  • Audit Committee approved the reports on November 06, 2026.
  • Reports available on the company website.