Knowledge Marine & Engineering Works Limited held an Extra-Ordinary General Meeting (EOGM) on July 19, 2026, to approve the issuance of equity shares on a preferential basis. The meeting was conducted via video conferencing in compliance with the Companies Act, 2013, and regulations issued by the Securities and Exchange Board of India (SEBI). The proceedings are crucial for the company's capital raising strategy, allowing it to issue shares to select investors.

The EOGM commenced at 11:00 a.m. and concluded at 11:39 a.m. Mrs. Kanak Kewalramani, Whole-time Director and Chief Financial Officer, chaired the meeting. Other directors present included Mr. Ashish Mohandas, Mr. Saurabh Daswani, and Mr. Hemant Kumar Sibal. The company secretary, Mr. Avdhoot Kotwal, oversaw the proceedings.

The sole agenda item was the approval for the issuance of equity shares on a preferential basis. This special resolution authorizes the board to allocate shares to identified investors, subject to regulatory approvals. The notice for the meeting was circulated on June 26, 2026, along with a corrigendum.

Voting was conducted through remote e-voting from July 15 to July 18, 2026, and via e-voting during the meeting. Ms. Preeti Singhania, Proprietor of M/s. P Singhania & Associates, Chartered Accountants, was appointed as the scrutinizer to oversee the voting process. The results will be uploaded on the company's website and submitted to the stock exchanges.

The meeting confirmed the presence of the requisite quorum and ensured compliance with all procedural requirements. The company's registered office in Mumbai was deemed the venue for the proceedings. No shareholder queries were raised during the meeting.

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.