Knowledge Marine & Engineering Works Ltd

Knowledge Marine & Engineering Works Ltd has issued a corrigendum to its Extraordinary General Meeting (EOGM) notice. The EOGM, scheduled for July 19, 2026, will discuss a proposed preferential issue of equity shares. This corrigendum is in response to clarifications sought by BSE and NSE regarding the preferential issue. The issue price for the preferential issue remains unchanged. The EOGM will be conducted via Video Conferencing Facility (VC Facility) or Other Audio Visual Means (OAVM).

Knowledge Marine & Engineering Works Ltd has announced the closure of its trading window for all directors, promoters, designated persons, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The trading window will be shut from July 1, 2026, and will reopen 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board meeting to approve these results is scheduled for on or before August 14, 2026.

Knowledge Marine & Engineering Works Ltd has announced its Extra Ordinary General Meeting (EOGM) scheduled for Sunday, July 19, 2026, at 11:00 AM IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM) and will be deemed to be held at the company's registered office in Mumbai. The primary agenda item is the issuance of equity shares on a preferential basis, requiring a special resolution. The notice for the EOGM, dated June 26, 2026, has been dispatched electronically to members. Remote e-voting will be open from July 15 to July 18, 2026. Results will be announced by the Company Secretary within two working days post-EOGM.

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.

Knowledge Marine & Engineering Works Ltd announced that its promoters, Kanak Kewalramani and Dinesh Kewalramani, along with Persons Acting in Concert (PACs), have sold 5,12,820 equity shares, representing 2.10% of the total share capital, through an open market transaction. This sale reduces the promoter group's total holding from 53.66% to 51.56%. The transaction occurred on June 19, 2026, and was conducted via bulk deal on BSE and NSE. The total equity share capital of the company remains unchanged at 2,44,44,108 shares.

Knowledge Marine & Engineering Works Ltd announced a Board Meeting scheduled for June 26, 2026, to consider and approve a fund-raising proposal via equity shares or convertible securities through private placement, preferential allotment, QIP, or other permissible methods. Shareholder approval will be required. Consequently, the trading window for directors, promoters, designated persons, and connected persons will be closed from June 22, 2026, until 48 hours after the board meeting outcome declaration, in compliance with SEBI regulations.

Knowledge Marine & Engineering Works Ltd has announced a Board of Directors meeting scheduled for June 26, 2026. The primary agenda items include considering and approving fund-raising through various methods like equity shares, warrants, or preference shares via private placement, preferential allotment, or qualified institutional placement. The company will also discuss seeking shareholder approval for this proposal through an Extra-Ordinary General Meeting. Additionally, the trading window for designated persons and connected individuals will be closed from June 22, 2026, until 48 hours after the board meeting outcome.

Knowledge Marine & Engineering Works Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The trading window for dealing in the company's securities has been closed since April 1, 2026, and will remain closed until May 31, 2026.

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.

Knowledge Marine & Engineering Works Ltd (KMEW) has acquired approximately 15 acres of waterfront land in Saphale, Palghar, Maharashtra, through its subsidiary, Knowledge Shipyard Private Limited. The land includes an option for an additional 5-acre expansion. This acquisition will facilitate KMEW's entry into technology-driven, sustainable shipbuilding, with a focus on creating a digitally enabled shipyard ecosystem. The facility aims to support India's maritime growth trajectory and align with initiatives like the Shipbuilding Financial Assistance Policy and Maritime India Vision 2030.