Knowledge Marine & Engineering Works Limited (KMEW) has announced the acquisition of approximately 15 acres of prime waterfront land at Saphale, Palghar, Maharashtra, with an additional 5-acre expansion option. Executed through its wholly owned subsidiary, Knowledge Shipyard Private Limited, the acquisition marks a significant step in KMEW's expansion into technology-driven, sustainable shipbuilding. The company made this disclosure to stock exchanges on May 04, 2026, under Regulation 30.

Strategic Location and Site Advantages

The acquired site is situated along the Vaitarna River and in close proximity to the upcoming Vadhvan Port, offering strong multimodal connectivity and natural marine advantages. The following table summarises the key physical attributes of the site:

These inherent features are intended to position the facility as a high-efficiency hub for modern shipbuilding and repair operations, with robust river width enabling efficient vessel movement.

Integrated Shipyard Development Plan

KMEW is developing the site as a fully integrated, digitally enabled shipyard designed for precision, efficiency, and environmental responsibility. Key infrastructure highlights include:

• Advanced production infrastructure: Hull fabrication, pipe, mechanical, and electrical workshops with streamlined workflows
• Smart utilities and automation readiness: Integrated power systems, material handling, and operational infrastructure
• Sustainability-first design: Sewage treatment systems, structured waste management, and optimised energy usage
• End-to-end capability: From vessel construction to repair and lifecycle support

The facility will also incorporate modern administrative and workforce infrastructure, including digitally enabled office and training spaces, on-site accommodation and amenities, and secure, efficient logistics and access systems.

Phased Expansion and Policy Alignment

CEO Mr. Sujay Kewalramani outlined a phased expansion roadmap for the shipyard, stating: "Our phased expansion — from specialized workboats and tugs in Phase I, to integrated repair facilities and floating dry docks in Phase II, and finally to large-scale vessels in Phase III — reflects a carefully sequenced journey of scale, innovation, and resilience."

The shipyard development is aligned with key Government of India policy initiatives supporting the maritime sector:

Management Commentary

Commenting on the acquisition, Mr. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd, said: "This shipyard land is not merely an acquisition; it is the dawn of a new maritime chapter for KMEW Group. With a strategically located waterfront near Vadhvan Port and a natural slipway that offers inherent operational excellence, we are laying the foundation for India's next great shipbuilding hub."

He further added: "We are building more than ships; we are building a self-sustaining maritime engine that will serve as a beacon of India's shipbuilding renaissance. Supported by India's amenities, advanced fabrication capacity, and a people-centric environment, this facility will deliver end-to-end solutions across the vessel lifecycle. Aligned with the Government of India's vision under Maritime India 2030 and Amrit Kaal 2047, our shipyard positions KMEW to contribute meaningfully to national self-reliance, green transition, and global competitiveness. We see this not only as an investment in infrastructure but as an investment in India's maritime destiny — a future where our shipyard stands as a gateway to innovation, sustainability, and leadership on the world stage."

This acquisition follows KMEW's recent entry into commercial shipbuilding and establishes a dedicated platform for scalable maritime infrastructure, positioning the company to address increasing demand for indigenous, sustainable maritime solutions.

Knowledge Marine & Engineering Works Limited has filed its quarterly certificate under SEBI regulations for the quarter ended March 31, 2026. The Mumbai-based ship building and marine contracting company submitted the mandatory documentation to both major Indian stock exchanges on April 10, 2026.

Regulatory Compliance Filing

The certificate was submitted pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Avdhoot Kotwal signed the submission, which was addressed to the listing departments of both BSE Limited and The National Stock Exchange of India Limited.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's registrar and share transfer agent, provided the underlying certificate dated April 7, 2026. Vice President – Corporate Registry Ashok Shetty confirmed that all securities received for dematerialization during the quarter were processed according to regulatory requirements.

The registrar certified that securities received from depository participants were properly confirmed to the depositories and that all dematerialized securities remain listed on the stock exchanges where the earlier issued securities are listed. The confirmation also verified that security certificates received for dematerialization were mutilated and cancelled after due verification, with depositories' names substituted in the register of members within prescribed timelines.

Company Profile

Knowledge Marine & Engineering Works Limited operates as ship builders, repairers, charterers and marine contractors. The company holds multiple ISO certifications including ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015, demonstrating its commitment to occupational health and safety, quality management, and environmental management standards respectively.

Regulatory Framework

The SEBI regulation requires listed companies to submit quarterly certificates confirming proper handling of dematerialization processes. This ensures investor protection and maintains transparency in the securities market by verifying that all dematerialization activities comply with prescribed procedures and timelines.