Knowledge Marine & Engineering Works Limited (KMEW) has provided clarification regarding the ultimate beneficial owners for a proposed preferential share allotment to Suryashakti Management Services Private Limited. The company submitted this information as part of its regulatory compliance requirements.

Key Details of the Preferential Allotment

KMEW has disclosed that Suryashakti Management Services Private Limited will receive 52,632 equity shares, representing a 0.43% shareholding post-issue. The company has identified the following individuals and entities as the ultimate beneficial owners:

Regulatory Compliance

The clarification was submitted in accordance with Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulations, 2015, as amended. This disclosure ensures transparency in the preferential allotment process and provides crucial information to the company's shareholders and potential investors.

Company Background

Knowledge Marine & Engineering Works Limited, with the CIN L74120MH2015PLC269596, is engaged in ship building, repairing, chartering, and marine contracting. The company's registered office is located in Mumbai.

Knowledge Marine & Engineering Works Limited (KMEW) has secured a significant 20-year contract to operate a luxury cruise service on the Narmada River, marking its entry into the maritime tourism industry. The company received a Letter of Acceptance from the Madhya Pradesh Tourism Board (MPTB) for this ambitious project.

Project Highlights

• Route: The cruise will operate between Kukshi, District Dhar (Madhya Pradesh) and the Statue of Unity, Gujarat, covering approximately 135 km on the Narmada River.
• Vessel: KMEW will launch 'River Pearl Cruise,' a 70-meter twin-hull luxury catamaran.
• Amenities: The cruise will feature 36 deluxe cabins, fine dining facilities, an infinity pool, spa, and hybrid propulsion systems.
• Itinerary: The vessel will offer three-day voyages connecting the Statue of Oneness at Omkareshwar and the Statue of Unity.
• Estimated Revenue: KMEW projects potential revenue generation of up to 800.00 crores over the 20-year period.
• Launch Timeline: The cruise is scheduled to launch within 21 months from the date of the Letter of Acceptance, subject to signing a detailed agreement with MPTB.

Cruise Itinerary

Environmental and Economic Impact

The 'River Pearl Cruise' is designed to blend luxury with environmental responsibility. It will feature hybrid propulsion systems and zero-discharge waste management for eco-friendly operations. This initiative aligns with India's growing commitment to sustainable tourism and green transport.

KMEW CEO, Mr. Sujay Kewalramani, expressed enthusiasm about the project, stating, "We are thrilled to embark on this exciting journey. Our entry into the cruise industry reflects our commitment to innovation, excellence, and creating exceptional experiences for our guests."

The project, conceptualized under the MP Tourism Policy 2025, aims to promote eco-tourism, generate local employment, enhance connectivity, and introduce both luxury and budget cruise options complemented by onshore experiences.

With the Statue of Unity attracting approximately 30,000 daily visitors as of September 2025, KMEW is well-positioned to capitalize on the growing demand for unique and immersive maritime experiences in India.

This strategic move into the maritime tourism sector represents a significant diversification for Knowledge Marine & Engineering Works, potentially opening up new revenue streams and growth opportunities in the evolving Indian tourism landscape.