Knowledge Marine & Engineering Works Limited has received requests from 16 members of its promoter group seeking reclassification from the Promoter Group category to the Public category. The intimation was filed with stock exchanges on October 19, 2026, pursuant to Regulation 30 and Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The request letters were dated October 16, 2026. The company stated that these reclassification requests will be considered by the Board of Directors. Final approval remains subject to confirmation by the stock exchanges in accordance with SEBI (LODR) Regulations, 2015.

Shareholding details of requesting members

The majority of the individuals listed in the request hold zero shares or a negligible number of shares. Only two members hold more than zero shares, with one holding 150 shares and another holding 30 shares. All other applicants currently hold no equity in the company.

Regulatory compliance and next steps

The company confirmed that it will take appropriate steps for the reclassification in accordance with SEBI regulations. This action is treated as an intimation of a material event under Regulation 31A(8)(a). The information will also be made available on the company's website.

What the numbers show

The data reveals that the reclassification request is largely administrative rather than driven by significant share transfer. Out of 16 individuals, 14 hold zero shares. The combined holding of the two individuals with non-zero balances is just 180 shares, which is described as negligible. This suggests the move is intended to clean up the promoter group structure by removing family members or associates who do not have meaningful economic stakes in the company.

Knowledge Marine & Engineering Works Limited authorized the issuance of non-convertible debentures (NCDs) up to ₹500 crore during its 11th Annual General Meeting held on September 30, 2026. The meeting also approved the sub-division of equity shares and the appointment of new statutory auditors.

The AGM was conducted via video conferencing, commencing at 4:00 pm and concluding at 5:03 pm. Mrs. Kanak Kewalramani, Whole-time Director and Chief Financial Officer, chaired the meeting. The proceedings included a review of the company's financial and operational performance for FY26, with specific emphasis on recent fundraising activities through preferential issues in September 2025 and June 2026.

Key Resolutions Passed

The following items of business were placed before the members for approval:

Voting Results and Shareholder Participation

The company disclosed detailed voting results pursuant to SEBI Listing Regulations. The total number of shareholders on the cut-off date was 26,279. No shareholders attended in person or through proxy; however, 5 promoters and 31 public shareholders attended via video conferencing.

Voting was conducted exclusively through e-voting facilities provided by MUFG Intime India Private Limited, with Ms. Preeti Singhania appointed as the scrutinizer. The results for key resolutions are summarized below:

Governance and Audit Updates

The Statutory Auditors and Secretarial Auditors expressed an unmodified opinion in their respective reports, indicating no qualifications or adverse remarks. The meeting confirmed the presence of requisite quorum and adherence to SEBI and MCA circulars regarding virtual meetings.

Strategic Focus Areas

During her address, the Chairperson highlighted the macro overview of India's GDP and the maritime sector. She elaborated on future growth opportunities within the maritime industry and the company's strategic positioning. The discussion underscored the importance of the recently completed preferential issues as capital infusion mechanisms to support these growth avenues.