Knowledge Marine & Engineering Works Limited (KMEW), a prominent player in the marine industry, has successfully completed the appointment of Mr. Hemant Kumar Sibal as Non-Executive Director through postal ballot voting, following its earlier announcement of significant corporate actions including a substantial capital raise and board restructuring.

Postal Ballot Results and Director Appointment Confirmation

The company announced the successful completion of postal ballot voting for the appointment of Mr. Hemant Kumar Sibal (DIN: 11300312) as a Non-Executive Director. The voting process, conducted through remote e-voting, commenced on November 15, 2025, and concluded on December 14, 2025.

The resolution was passed with overwhelming support from the promoter group, with 99.84% of valid votes cast in favor of Mr. Sibal's appointment. The scrutinizer's report was submitted by Ms. Preeti Singhania of P. Singhania Associates, Chartered Accountants.

Previous Capital Raise and Corporate Actions

Earlier, the company's Board of Directors had approved a substantial capital raise through a preferential issue of equity shares and convertible warrants, totaling Rs 284.81 crores.

Key Investor Participation

The preferential issue attracted notable investors to KMEW's shareholding structure:

Board Restructuring and Leadership Changes

The appointment of Mr. Hemant Kumar Sibal completes the board restructuring process that began with Mr. Jagat Jiban Biswas's resignation as Non-Executive Non-Independent Director due to personal health reasons. Mr. Sibal brings 27 years of experience in the Marine Industry, including his tenure as Deputy Conservator at Kandla Port Trust.

The Nomination and Remuneration Committee has been reconstituted following these changes, and CARE Ratings Limited has been appointed as the monitoring agency for the preferential issue.

Strategic Implications

The completion of both the capital raise and board appointment positions KMEW for enhanced operational capabilities and strategic growth. The substantial capital infusion of Rs 284.81 crores, combined with the expertise of new board member Mr. Sibal and the confidence shown by prominent investors like Ashish Kacholia and Infinity group entities, strengthens the company's foundation for future expansion in the marine sector.

The overwhelming approval of Mr. Sibal's appointment through the postal ballot process demonstrates strong promoter confidence in the strategic direction and leadership composition of the company.

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.