Knowledge Marine & Engineering Works Limited (KMEW) has clinched a significant contract worth ₹127.12 crore from the Inland Waterways Authority of India (IWAI). The deal involves the supply of four cutter suction dredgers along with ancillary units, marking a substantial development for the company in the marine engineering sector.

Contract Details

Company Overview

Knowledge Marine & Engineering Works Limited specializes in ship building, repairs, chartering, and marine contracting. The company's registered office is located in Mumbai, indicating its strategic position in one of India's major port cities.

Recent Corporate Actions

The LODR data reveals that KMEW recently held an Extra-Ordinary General Meeting (EGM) on October 09, 2025, where two special resolutions were passed:

1. Approval for issuance of equity shares on a preferential basis
2. Approval for issuance of convertible warrants on a preferential basis

This suggests that the company is actively pursuing growth strategies, possibly to fund expansions or new projects like the recently secured IWAI contract.

Market Implications

The ₹127.12 crore contract represents a significant business opportunity for KMEW. It not only provides a substantial revenue stream but also strengthens the company's position in the inland waterways sector. The 18-month project duration indicates a medium-term positive impact on the company's financials.

Conclusion

The contract win by Knowledge Marine & Engineering Works Limited demonstrates the company's capabilities in the marine engineering sector and its ability to secure large-scale projects from government entities. As the inland waterways sector continues to develop in India, KMEW appears well-positioned to capitalize on future opportunities in this space.

Knowledge Marine & Engineering Works Limited (KMEW), a prominent player in the ship building and marine services sector, has announced a significant corporate action involving a preferential issue of equity shares to renowned investor Ashish Kacholia.

Key Details of the Preferential Issue

Broader Context of the Preferential Allotment

The preferential issue to Ashish Kacholia is part of a larger allotment by KMEW. According to the company's LODR (Listing Obligations and Disclosure Requirements) filing, several other entities are also receiving shares through this preferential issue:

• Infinity Direct Holdings: 464,210 shares
• Infinity Direct Capital: 546,316 shares
• Infinity Partners II - Direct: 252,632 shares
• Vimana Capital Management LLP: 52,632 shares
• Suryashakti Management Services Private Limited: 52,632 shares

Implications and Outlook

This preferential allotment suggests a strategic move by Knowledge Marine & Engineering Works to bring in experienced investors and potentially strengthen its capital base. Ashish Kacholia, known for his astute investment choices, maintaining his position as a non-promoter even after this additional allocation indicates a continued interest in the company without seeking management control.

The company's decision to issue shares to multiple non-promoter entities, including Kacholia, may be aimed at broadening its investor base and possibly funding future growth initiatives. However, the specific use of the funds raised through this preferential issue has not been disclosed in the available information.

Corporate Governance and Transparency

It's worth noting that KMEW has promptly disclosed this information to the stock exchanges, in line with regulatory requirements. The company held an Extra-Ordinary General Meeting (EGM) where the resolution for this preferential issue was likely approved by the shareholders.

As the marine engineering sector continues to evolve, such capital actions by companies like KMEW will be closely watched by market participants for insights into the industry's growth trajectory and investor confidence.