Knowledge Marine & Engineering Works Ltd

Knowledge Marine & Engineering Works Limited informed the BSE Limited and The National Stock Exchange of India Limited that its board of directors approved a request from several members of the promoter group, including Dinesh Kewalramani, Pankaj Gurbani, and Bharti Daswani, to reclassify from the ‘Promoters/Promoter group’ category to the ‘Public’ category, in accordance with Regulation 31A of the SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015. The approval is subject to confirmation from the stock exchanges, and the company will comply with the necessary Listing Regulations.

Knowledge Marine & Engineering Works Limited received requests from 16 members of its promoter group seeking reclassification from the Promoter Group Category to the Public Category, the company said in a regulatory filing with the BSE Limited and The National Stock Exchange of India Limited on October 19, 2026. The requests, dated October 16, 2026, will be considered by the company’s board of directors and are subject to approval from the stock exchanges, in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Knowledge Marine & Engineering Works Limited has fixed November 6, 2026, as the record date for the sub-division or split of its equity shares, according to a regulatory filing with the BSE Limited and The National Stock Exchange of India Limited. The company will split one equity share with a face value of Rs 5 into five equity shares with a face value of Rs 1, ranking pari passu in all respects.

Knowledge Marine & Engineering Works Limited informed the BSE Limited and The National Stock Exchange of India Limited that its board will consider the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, on or before November 14, 2026, and the trading window for directors, promoters, and other designated persons will be closed from October 1, 2026, until 48 hours after the results are declared.

Knowledge Marine & Engineering Works Ltd share price slipped 1.04% to Rs 2860.8. The Company's net profit jumped 166.68% to Rs 62.75 crore, while revenue from operations gained significantly 70.67% to Rs 115.41 crore in Q2FY26 over Q1FY26. The market capitalization of Dredging industry group stocks on BSE stood at Rs 8724.73 crore, jumping 70.67%. It has eased by 0.58% over last one week and advanced by 14.85% in last one month while the market capitalization of Knowledge Marine & Engineering Works Ltd has softened by 0.54% and 28.60% in the same period respectively. Profit before tax (PBT) of Knowledge Marine & Engineering Works Ltd stood at Rs 65.33 crore in Q2 FY26, surging by 386.81% year-on-year, and rallying 276.98% quarter-on-quarter. EBITDA came in at Rs 70 crore, expanding by 262.23% YoY and expanding by 776.40% sequentially. Total expenses fell by 14.99% to Rs 48.22 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 3.66 crore, inching up 6.71% YoY. For the TTM ended FY26, revenue from operations jumped by 27.69% to Rs 256.28 crore, while net profit soared by 60.08% to Rs 79.4 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 7925% to Rs 81.47 crore, and PBT surged 27.09% to Rs 79.05 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 74.34 crore in FY26, as against Rs 58.21 crore in FY25. Knowledge Marine & Engineering Works Ltd surged by 127.42% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 8.95% during the same period.

Knowledge Marine & Engineering Works Ltd has announced a revision in credit ratings for its various credit facilities, as communicated to the BSE Limited and The National Stock Exchange of India Limited. CARE Ratings Limited (“CARE Ratings”) has upgraded the outlook to “BBB+; Positive” for Long Term Bank Facilities amounting to Rs 502.25 crores, and reaffirmed “A2” for Short Term Bank Facilities, while also reaffirming “A2” for Short Term Bank Facilities totaling Rs 186.75 crores; similarly, CARE Ratings reaffirmed “BBB+; Stable/ CARE A2” for Long Term/ Short Term Bank Facilities amounting to Rs 11.00 crores, with the outlook revised from Stable to Positive for all aforementioned instruments, and a full rating letter is available on the company website at www.kmew.in.

Knowledge Marine & Engineering Works Limited (KMEW) (BSE: 543273 | NSE: KMEW) announced it has secured a work order from Mumbai Port Authority for the chartering of a 60-ton, battery-operated electric Green Tug, along with associated manning, operations, maintenance, and technical management, for a period of 15 years. The contract is valued at Rs 279.33 crore, including GST, marking KMEW's third Green Tug contract awarded by a major Indian port and further strengthening its position in the emerging Green Tug segment. The company intends to construct the vessel alongside its other Green Tugs at its shipbuilding platform, aiming to develop standardization and technical expertise in next-generation marine assets.

Knowledge Marine & Engineering Works Limited informed the exchanges on September 4, 2026, that it is considering raising funds through the issuance of various types of debt securities, including Non-Convertible Debentures (NCDs), and will seek a specific board approval at a meeting scheduled for September 8, 2026, followed by shareholder approval where required, within the existing borrowing limit of Rs 1,200 Crores approved on March 15, 2026.

Knowledge Marine & Engineering Works Limited will seek board approval on September 8, 2026, to raise funds through the issuance of convertible or non-convertible securities via private placement, preferential allotment, or other permitted methods, according to a regulatory filing with the BSE Limited and The National Stock Exchange of India Limited. The company’s trading window for securities will be closed from September 3, 2026, until 48 hours after the board meeting’s outcome.

Knowledge Marine & Engineering Works Limited will seek board approval on September 8, 2026, to raise funds through the issuance of convertible or non-convertible securities via private placement, preferential allotment, or other permitted methods, according to a regulatory filing with the BSE Limited and The National Stock Exchange of India Limited. The company will also request shareholder approval for the fund-raising proposal, which is subject to regulatory approvals, and has closed its trading window for directors, promoters, and designated persons from September 3, 2026, until 48 hours after the board meeting outcome.