Knowledge Marine & Engineering Works Limited

Knowledge Marine & Engineering Works Limited

Knowledge Marine & Engineering Works Limited has scheduled a Board Meeting on June 26, 2026, to consider and approve a significant fund-raising proposal. The agenda includes the issuance of equity shares and/or other convertible securities via private placement, preferential allotment, or Qualified Institutional Placement (QIP), subject to shareholder and regulatory approvals. The Board will also consider calling an Extra-Ordinary General Meeting for shareholder consent. A trading window closure for insiders is in effect until 48 hours after the Board Meeting.

Knowledge Marine & Engineering Works Limited

Knowledge Marine & Engineering Works Limited's investor meet highlighted its diversified maritime infrastructure business, strong order book, and 100% fleet utilization. The company outlined significant expansion plans including a new Safale shipyard with a projected CAPEX of ₹300 crore and acquisition of larger dredgers and green tugs. With a substantial ₹3,000 crore bid pipeline and two green tug contracts, KMEW is evaluating an additional fundraise of ₹150-200 crore to support its growth strategy, focusing on government-led infrastructure and green maritime initiatives.

Knowledge Marine & Engineering Works Limited

Knowledge Marine & Engineering Works Limited announced that its Whole-time Director, CFO, and Promoter, Kanak Kewalramani, sold 3,45,620 equity shares worth approximately Rs. 67.83 Crores. Additionally, Dinesh Kewalramani, Chief Operational Officer and part of the Promoter Group, sold 1,67,200 shares valued at about Rs. 32.80 Crores. These sales, executed on June 19, 2026, in the open market, cumulatively represent a significant reduction in promoter/KMP holding and were disclosed as per SEBI Insider Trading Regulations. The transactions decreased Kanak Kewalramani's stake from 29.22% to 27.81% and Dinesh Kewalramani's from 3.35% to 2.66%.

Knowledge Marine & Engineering Works Limited

Knowledge Marine & Engineering Works Limited (KMEW), in consortium with its subsidiary, has secured a ₹66.11 Crore contract from the Inland Waterways Authority of India (IWAI). The order entails the design, construction, supply, testing, and commissioning of 10 hybrid electric passenger ferries, with completion expected in 10 months, followed by 60 months of maintenance. This significant contract marks KMEW's strategic entry into India's green shipbuilding segment and represents the first external commercial shipbuilding order for its subsidiary. For investors, it signifies a broadening of KMEW's business portfolio and strengthens its transition into an integrated maritime infrastructure and shipbuilding enterprise, aligning with government initiatives for sustainable water transport.