Quarterly Updates15 May 2026, 04:04 pm
Knowledge Marine: Monitoring Report for Preferential Issue
AI Summary
Knowledge Marine & Engineering Works Ltd. has released a Monitoring Agency report by CARE Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of proceeds from a preferential issue. The report, as per Regulation 32 and SEBI guidelines, confirms no deviation from the stated objectives in the offer document dated September 17, 2025. The Audit Committee reviewed and approved the report on May 15, 2026. The preferential issue involved 14,21,054 equity shares and 77,946 convertible equity share warrants, aggregating to ₹284.81 crore.
Key Highlights
- CARE Ratings provided a monitoring report for Knowledge Marine's preferential issue.
- No deviations were noted from the intended use of the preferential issue proceeds.
- The report covers the quarter ended March 31, 2026.
- The Audit Committee approved the monitoring report on May 15, 2026.
- Preferential issue included equity shares and convertible equity share warrants.
Price Impact
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