Monitoring Agency Report

KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED Ship Builders, Repairers, Charterers and Marine Contractors CIN: L74120MH2015PLC269596 Ref.: KMEW/SE/Reg-30/26-27/44 Date: November 06, 2026 Listing Department Listing & Compliance Department BSE Limited The National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, C-1 Block G, Dalal Street, Fort Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai – 400051 Scrip Code Symbol ISIN 543273 KMEW INE0CJD01029 Sub: Monitoring Agency Report for utilization of Preferential Issue Proceeds for the quarter ended September 30, 2026 under Regulation 32 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulations, 2015, as amended (“Listing Regulations”) Dear Sir/Ma’am, Pursuant to Regulation 32 of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and Last updated on January 30, 2026, please find enclosed herewith the Monitoring Agency Report for utilization of proceeds of the Preferential Issue for the fund raise of Rs. 284.81 crores done in September 2025 and for the fund raise of Rs. 149.99 crores done in June 2026 of the Knowledge Marine & Engineering Works Limited (“the Company”) for the quarter ended September 30, 2026, as mentioned in the object clause of the Offer Documents dated September 17, 2025 and June 26, 2026. The Monitoring Agency Report for utilization proceeds of the Preferential Issue for both the issue provided by CARE Ratings Limited (Monitoring Agency appointed for the Preferential Issue) was circulated to Audit Committee for its review and same was confirmed and approved by th em on The same is available on the website of the Company at www.kmew.in. Kindly take the same on your record. Thanking you, For Knowledge Marine & Engineering Works Limited Avdhoot Kotwal Company Secretary & Compliance Officer Regd. Office: Unit No. 706-707, The Epicentre, W. T. Patil Marg, Off Eastern Freeway, BEST Colony, Near Shivaji Chowk, Chembur East, Mumbai – 400 071 Phone: 022 – 35374606 E-mail: info@kmew.in, Website: www.kmew.in Listed on BSE & NSE exchange (KMEW | 543273 | INE0CJD01029) November 06, 2026. Monitoring Agency Report No. CARE/HO/GEN/2026-27/1221 The Board of Directors Knowledge Marine and Engineering Works Limited Unit No. 706-707 The Epicentre, W.T. Patil Marg, Off Eastern Freeway, Near Shivaji Chowk, BEST Colony, Chembur, Mumbai - 400071 November 06, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the preferential issue of equity shares and convertible equity share warrants of Knowledge Marine & Engineering Works Limited (“the Company”) We write in our capacity of Monitoring Agency for Preferential Issue of equity shares and convertible equity share warrants for the amount aggregating to Rs. 284.81 crore of the Company and refer to our duties cast under Regulation 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ending September 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated December 10, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Raunak Modi Assistant Director raunak.modi@careedge.in Report of the Monitoring Agency Name of the issuer: Knowledge Marine & Engineering Works Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The Monitoring Agency (MA) does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Raunak Modi Designation of Authorized person/Signing Authority: Assistant Director 1) Issuer Details: Name of the issuer : Knowledge Marine & Engineering Works Limited Name of the promoter : Kanak Sujay Kewalramani, Saurabh Mukesh Daswani Industry/sector to which it belongs : Engineering services – Dredging 2) Issue Details Issue Period : Not applicable Type of issue (public/rights) : Preferential Issue Type of specified securities : Equity shares (14,21,054) and Convertible equity share warrants (77,946) IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 284.81 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Particulars Reply considered by Monitoring Agency for Comments of the Monitoring Agency Board of Directors preparation of report All funds utilised in Q2 FY27 are as per the disclosures in the offer document. The board has, vide resolution dated February 12, 2026, authorised the Managing Director or Chief Financial Officer to utilise the funds raised under the preferential issue as per the object clause specified in the offer document. The MA has received confirmation from the Chief Financial Officer, vide email dated November 04, CA Certificate*, Management Certificate, Whether all utilization is as per the disclosures in 2026, that all funds utilised in the quarter have been duly approved. Yes Letter of Offer, Board Resolution dated No comments the Offer Document? February 12, 2026 The company has transferred funds from the MA account to its current account and cash credit account for onward utilisation. These accounts contain multiple other debits and credits resulting in commingling of funds. Out of the total unutilized proceeds as on September 30, 2026, fixed deposits aggregating to Rs. 38.38 crore have been created out of the current account of the company. Whether shareholder approval has been Not CA certificate*, Management Certificate Nil No comments Source of information / certifications Comments of the Particulars Reply considered by Monitoring Agency for Comments of the Monitoring Agency Board of Directors preparation of rep [Showing first 8,000 characters — download PDF for full document]