Knowledge Marine & Engineering Works Shareholders Approve Borrowing Limit Enhancement to Rs. 1,200 Crores

2 min read Updated on 17 Mar 2026, 04:16 PM

Reviewed by

Radhika SScanX News Team

Overview

Knowledge Marine & Engineering Works Limited shareholders have approved enhancing borrowing limits from Rs. 500 Crores to Rs. 1,200 Crores through postal ballot. The special resolution received 98.46% votes in favour with 64.9876% shareholder participation. The voting process was conducted between February 14-March 15, 2026, and overseen by scrutinizer Preeti Singhania, with results announced on March 17, 2026.

*this image is generated using AI for illustrative purposes only.

Knowledge marine & engineering works Limited has successfully obtained shareholder approval to enhance its borrowing limits from Rs. 500 Crores to Rs. 1,200 Crores through a postal ballot process conducted via remote e-voting. The company announced the results on March 17, 2026, following the completion of the voting process and scrutinizer's report.

Voting Results and Participation

The postal ballot witnessed significant participation from shareholders, with the special resolution receiving overwhelming support. The voting process was conducted between February 14, 2026, at 09:00 AM and March 15, 2026, at 5:00 PM through remote e-voting facilities provided by MUFG Intime India Private Limited.

Voting Category:	Votes in Favour	Votes Against	Total Votes	Participation Rate
Promoter and Promoter Group:	13,108,290	0	13,108,290	99.9971%
Public - Institutions:	0	244,862	244,862	51.202%
Public - Non Institutions:	2,532,439	38	2,532,477	23.3253%
Total:	15,640,729	244,900	15,885,629	64.9876%

Resolution Details and Approval

The special resolution sought approval for enhancing the company's borrowing limits from Rs. 500 Crores to Rs. 1,200 Crores. The resolution was passed with 98.46% of the total valid votes cast in favour, while only 1.54% voted against the proposal.

Outcome Metrics:	Details
Total Shareholders on Record Date:	14,145
Record Date:	February 10, 2026
Total Shares Outstanding:	24,444,108
Members Voted in Favour:	21
Members Voted Against:	5
Resolution Status:	Passed

Scrutinizer Oversight and Process

The postal ballot process was overseen by Preeti Singhania, Chartered Accountant (Membership No. 159249) from P Singhania & Associates, who was appointed as scrutinizer on February 12, 2026. The scrutinizer confirmed that the voting process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant rules and regulations.

The company dispatched the postal ballot notice through electronic means to shareholders whose email addresses were registered with the company or depositories. The notice was also made available on the company's website at www.kmew.in for shareholders who did not receive it via email.

Corporate Compliance and Documentation

Knowledge Marine & Engineering Works Limited, a ship building, repair, chartering and marine contracting company with CIN L74120MH2015PLC269596, has fulfilled all regulatory requirements under Regulation 30 and 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been made available on the company's website and MUFG Intime India Private Limited's platform, ensuring transparency and accessibility for all stakeholders.

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