Knowledge Marine & Engineering Works Limited secured shareholder approval for the issuance of equity shares on a preferential basis during an Extra-Ordinary General Meeting (EGM) held on July 19, 2026. The resolution, which authorizes the board to allocate shares to identified investors, received 97.70% of votes in favour, with 2.30% voting against. This approval is a critical step in the company's capital raising strategy, enabling it to issue shares to select investors subject to regulatory approvals.

The EGM was conducted via video conferencing, deemed to be held at the company's registered office in Mumbai. Mrs. Kanak Kewalramani, Whole-time Director and Chief Financial Officer, chaired the meeting, which commenced at 11:00 a.m. and concluded at 11:39 a.m. The proceedings were overseen by Company Secretary Mr. Avdhoot Kotwal. Ms. Preeti Singhania, Proprietor of M/s. P Singhania & Associates, Chartered Accountants, served as the scrutinizer for the voting process.

Voting was conducted through remote e-voting from July 15 to July 18, 2026, and via e-voting during the meeting. A total of 24,604 shareholders were eligible to vote as of the cut-off date of July 11, 2026. The resolution was passed as a special resolution with the requisite majority. The detailed voting results and scrutinizer's report have been submitted to the stock exchanges and are available on the company's website.

The meeting confirmed the presence of the requisite quorum and ensured compliance with all procedural requirements under the Companies Act, 2013, and regulations issued by the Securities and Exchange Board of India (SEBI). No shareholder queries were raised during the meeting. The notice for the meeting was circulated on June 26, 2026, along with a corrigendum dated July 9, 2026.

Knowledge Marine & Engineering Works Limited has issued a corrigendum to its Extraordinary General Meeting (EOGM) notice dated June 26, 2026, clarifying the pricing and shareholding details for a proposed preferential issue. The company set the issue price at ₹1,962.53 per equity share, based on a valuation report dated June 26, 2026. The floor price was determined at ₹1,962.52 per share, in accordance with SEBI (ICDR) Regulations.

The preferential issue will result in the allotment of 3.01% of the post-issue fully-diluted share capital to the allottees, which is less than the 5% threshold requiring an independent registered valuer's report. The company confirmed that the issue price remains unchanged despite the clarifications sought by BSE Limited and The National Stock Exchange of India Limited via letters dated July 02, 2026, and July 03, 2026, respectively.

The corrigendum, dispatched on July 09, 2026, updated the post-issue shareholding pattern. Promoter and Promoter Group holding is projected to decrease from 51.55% to 50.30%, while public shareholding is expected to increase from 48.44% to 49.70%. Institutional investors' shareholding will rise to 16.21% post-issue, up from 13.69%.

The EOGM is scheduled for July 19, 2026, via video conferencing. The corrigendum is available on the company's website and those of MUFG Intime India Private Limited, BSE, and NSE.