Knowledge Marine & Engineering Works Shares Gain 6% as Shareholders Okay Preferential Issue of Shares and Warrants

Mumbai, October 9, 2025: Shares of Knowledge Marine & Engineering Works Limited (BSE: 543273, NSE: KMEW) surged almost 7% in Thursday’s trade as the company’s Extra-Ordinary General Meeting (EGM) in Mumbai saw shareholders ratifying vital special resolutions.

Established in 2015 with its head office in Mumbai, Knowledge Marine & Engineering Works Limited is a dredging and marine engineering company. Shipbuilding, repairing, dredging, and marine contracting services are undertaken by the company, and it is listed on the BSE and NSE under the Dredging industry.

EGM Approvals and Proceedings

The meeting, led by Capt. Shailesh Bhambhani was held at 1:00 p.m. IST and ended at 1:54 p.m. IST, with the company’s Board and top management, including CEO Mr. Sujay Kewalramani and CFO Mrs. Kanak Kewalramani, in attendance.

Two significant resolutions were voted through at the EGM – approval for preferential allotment of equity shares and approval for preferential allotment of convertible warrants. Both were moved by Capt. Bhambhani, and seconded by Mrs. Kewalramani. These two approvals will allow the company to raise equity-linked capital to fund its continuing expansion and to enhance its marine asset base.

Voting and Scrutiny Process

Voting was done through remote e-voting from October 6 to October 8, 2025, and also through ballot voting during the EGM.

Ms. Preeti Singhania, Proprietor of M/s. P. Singhania & Associates, Chartered Accountants, acted as Scrutinizer to monitor the process of voting. The results of the voting on a combined basis will be disclosed within two working days and on the website of the company and stock exchange platforms.

Market Performance

Knowledge Marine & Engineering Works shares closed at ₹2,411.80, up ₹153.10 or 6.78% for the day, after the EGM approvals, from the last close of ₹2,258.70. The stock moved in a range of intraday high ₹2,369 and intraday low ₹2,193.10, with VWAP of ₹2,285.77. The total market capitalization of the company was ₹2,523.11 crore and its free float market cap was ₹990.49 crore.

REF: https://nsearchives.nseindia.com/corporate/KMEW_09102025141440_Proceedings_of_EGM_s_09102025.pdf

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