KMEW promoters sell 5.12 lakh shares, reduce holding to 51.56%

Promoters of Knowledge Marine & Engineering Works sold a total of 5,12,820 equity shares through open market transactions on June 19, 2026. The sales were executed by Whole-time Director Kanak Kewalramani and Chief Operational Officer Dinesh Kewalramani. The transactions were disclosed to the stock exchanges on June 23, 2026, in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details of Share Sale

The share sales reduced the promoters' total shareholding. Kanak Kewalramani divested 3,45,620 equity shares, while Dinesh Kewalramani sold 1,67,200 equity shares. The transaction was executed as an Open Market Sale – Bulk Deal on the BSE and NSE.

Post-Transaction Holdings

Following the disposal, the aggregate promoter holding decreased to 1,26,02,929 equity shares, representing 51.56% of the company's total share capital. Prior to the sale, the group held 53.66% of the shares. The total equity share capital of the company remains 2,44,44,108 shares of ₹5 each.

Name	Designation	Shares Sold	Holding Post-Sale	% Holding Post-Sale
Kanak Kewalramani	Whole-time Director	3,45,620	67,96,850	27.81%
Dinesh Kewalramani	Chief Operational Officer	1,67,200	6,50,600	2.66%
Total		5,12,820	74,47,450

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.09%	+6.01%	+20.94%	+28.15%	+172.19%	+127.79%

Knowledge Marine & Engineering Works Limited has secured a ₹66.11 crore contract from the Inland Waterways Authority of India (IWAI) to design and construct 10 hybrid electric passenger ferries. The order, received in consortium with subsidiary Knowledge Shipyard Private Limited (KSPL), marks the first external commercial shipbuilding order for KSPL and strengthens the group's position in the green maritime infrastructure segment.

Contract Details

The project is valued at ₹66.11 crore, including applicable taxes. This total comprises ₹65.52 crore for the construction of the ferries and ₹0.59 crore for maintenance and support. The vessels will have a capacity of 20 passengers each. The design, construction, supply, testing, and commissioning are scheduled to be completed within 10 months from the receipt of the work order, followed by a 60-month maintenance and support commitment.

Particulars	Details
Client:	Inland Waterways Authority of India (IWAI)
Contract Value:	₹66.11 Crores (including applicable taxes)
Scope:	Design, Construction, Supply, Testing & Commissioning
Number of Vessels:	10 Hybrid Electric Passenger Ferries
Passenger Capacity:	20 Passengers per Ferry
Execution Period:	10 Months for construction of Ferries
Maintenance Support:	60 Months

Project Scope and Strategic Alignment

The scope of work includes detailed vessel engineering, class approvals, integration of hybrid-electric propulsion systems, and navigation and safety equipment. The award aligns with the Government of India's initiatives under the Harit Nauka – Inland Vessels Green Transition Guidelines, aimed at accelerating sustainable inland water transportation.

Management Commentary

Sujay Kewalramani, Chief Executive Officer of Knowledge Marine & Engineering Works Limited, stated that the award validates the company's vision of building a scalable shipbuilding platform. He noted that the project will consume less than 5% of the shipyard's capacity and resources, positioning the group within the emerging ecosystem for hybrid and electric vessels.