Knowledge Marine & Engineering Works Limited (KMEW), a prominent player in the marine industry, has announced significant corporate actions that are set to bolster its financial position and reshape its leadership structure.

Preferential Share Issue and Warrant Allotment

The company's Board of Directors has approved a substantial capital raise through a preferential issue of equity shares and convertible warrants. Here are the key details:

• Equity Share Issue: KMEW will issue 14,21,054 equity shares at Rs 1,900.00 per share to non-promoter investors, raising Rs 270.00 crores.
• Convertible Warrants: An additional 77,946 convertible warrants will be issued at Rs 1,900.00 each to promoter category investors, potentially raising Rs 14.81 crores.
• Total Fundraise: The combined value of the equity shares and warrants amounts to Rs 284.81 crores.

Terms of the Issue

• The equity shares have a face value of Rs 10.00 each, with a premium of Rs 1,890.00 per share.
• Convertible warrants can be exercised within 18 months from the allotment date, with each warrant convertible into one equity share.
• The issue price for both equity shares and warrants is set at Rs 1,900.00 per unit.

Investor Details

The preferential issue will introduce new investors to KMEW's shareholding structure:

Board Changes

KMEW also announced significant changes to its Board of Directors:

• Resignation: Mr. Jagat Jiban Biswas has resigned as Non-Executive Non-Independent Director, citing personal health reasons.
• New Appointment: Mr. Hemant Sibal has been appointed as an Additional Non-Executive Non-Independent Director. Mr. Sibal brings 27 years of experience in the Marine Industry, including a tenure as Deputy Conservator at Kandla Port trust.

Other Key Decisions

• An Extraordinary General Meeting (EGM) is scheduled to seek shareholder approval for the preferential issue and warrant allotment.
• CARE Ratings Limited has been appointed as the monitoring agency for the issue.
• The Nomination and Remuneration Committee has been reconstituted following Mr. Biswas's resignation.

Market Impact

This substantial capital infusion is expected to strengthen KMEW's financial position, potentially fueling growth initiatives and expanding its operations in the marine sector. The introduction of notable investors like Infinity Direct Holdings and Ashish Kacholia may also boost investor confidence in the company's prospects.

The appointment of Mr. Hemant Sibal, with his extensive experience in the marine industry, could bring valuable insights to KMEW's strategic decision-making process.

Investors and market watchers will be keenly observing how KMEW utilizes this fresh capital and leverages its new board composition to drive future growth and enhance shareholder value.

Knowledge Marine & Engineering Works Limited (KMEW), a prominent player in the marine engineering and dredging sector, has announced a crucial board meeting scheduled for September 17, 2025. The meeting aims to discuss and potentially approve significant fund-raising initiatives, signaling possible expansion plans for the company.

Key Points of the Upcoming Board Meeting

• Date and Time: The board meeting is set for Wednesday, September 17, 2025, at 11:00 AM.
• Primary Agenda: The board will consider raising funds through the issuance of equity shares and/or other convertible securities.
• Funding Options: The company is exploring various avenues, including private placement, preferential allotment, and other permissible modes.
• Regulatory Compliance: The fund-raising proposal, if approved, will be subject to shareholder approval and necessary regulatory clearances.

Potential Securities for Issuance

The board will deliberate on issuing:

• Equity shares
• Warrants
• Preference shares
• Other securities convertible into equity shares

Additional Meeting Agenda

Apart from the fund-raising discussion, the board will also consider approving a notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for the fund-raising proposal.

Trading Window Closure

In compliance with regulatory requirements:

• The trading window for KMEW securities will be closed from September 12, 2024.
• This closure affects all directors, promoters, designated persons, and connected persons under the company's policies.
• The trading window will reopen 48 hours after the declaration of the board meeting outcome.

Company Background

Knowledge Marine & Engineering Works Limited is a leading private sector company specializing in dredging and marine engineering services. The company has established itself as a key player in the small marine craft business segment and dredging services in India.

Recent Accolade

In a separate announcement, KMEW revealed that Mrs. Kanak Kewalramani, the company's Whole-time Director & Chief Financial Officer, has been honored with the "Woman Leadership in Maritime Award, 2025" from Maritime Excellence Awards. This recognition underscores the company's commitment to inclusive leadership and innovation in the maritime sector.

The upcoming board meeting and potential fund-raising initiative, coupled with recent accolades, suggest that Knowledge Marine & Engineering Works Limited is positioning itself for growth and expansion in the competitive marine engineering and dredging industry. Investors and stakeholders will be keenly watching the outcome of this pivotal board meeting.