Knowledge Marine & Engineering Works Ltd

Knowledge Marine & Engineering Works has been awarded a work order from Dredging Corporation of India for the work of conducting single beam and multi beam surveys (with hull/ side mounted transducer) with suitable steel hull survey launch and dinghy boat with equipment and manning etc., at Deendayal Port. The contract is for a period of three years and is valued at Rs 10.77 crore. Powered by Capital Market - Live

Net profit of Knowledge Marine & Engineering Works rose 969.86% to Rs 15.62 crore in the quarter ended December 2024 as against Rs 1.46 crore during the previous quarter ended December 2023. Sales rose 267.88% to Rs 57.61 crore in the quarter ended December 2024 as against Rs 15.66 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales57.6115.66 268 OPM %42.8224.97 - PBDT22.273.61 517 PBT19.232.15 794 NP15.621.46 970 Powered by Capital Market - Live

Knowledge Marine & Engg. Works will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

Knowledge Marine & Engg. Works announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 January 2025.Powered by Capital Market - Live

Accordingly, the face value of each share of the company will change to Rs 5, which is half of its present face value of Rs 10. The company expects to complete the stock split proposal within a period of 3 months from the date of shareholder's approval. The board of Knowledge Marine has also approved a proposal for raising of funds by the company by way of issue of equity shares through a qualified institutional placement (QIP) for an aggregate amount of up to Rs 500 crore. Knowledge Marine & Engineering Works is engaged in providing dredging services, owning and operating marine craft, and repairing, maintaining, and refitting marine crafts and marine infrastructure. Its head office is in Mumbai, and operations are spread across major ports in the country through branch offices in Kolkata, Vishakapatnam, Kandla, Vadinar and Sittwe, Myanmar. The company's consolidated net profit fell 3% to Rs 23.47 crore on 10.5% decline in net sales to Rs 95.62 crore in H1 FY25 over H1 FY24. Powered by Capital Market - Live

The Board of Knowledge Marine & Engineering Works at its meeting held on 24 December 2024 fund raising up to Rs 500 crore via issue of equity shares or any other equity linked instruments or securities, including convertible preference shares/ fully or partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares, or any other eligible securities by way of one or more public and / or private offerings and / or on preferential allotment basis and / or through a qualified institutions placements or through any other permissible mode under applicable laws and/ or combination thereof, as may be considered appropriate. Powered by Capital Market - Live

The Board of Knowledge Marine & Engineering Works at its meeting held on 24 December 2024 has approved the proposal for sub-division of equity shares having face value of Rs 10 each into equity shares of face value of Rs 5 each. Powered by Capital Market - Live

The board will consider sub-division of the equity shares of the company having a face value of Rs 10 each, in such manner as may be determined by the board of directors, subject to the approval of the shareholders of the company and regulatory/statutory approvals as may be required. Further, the board will also consider raising funds via issuance of equity shares through a private placement or through one or more qualified institutional placement (QIP) and/or preferential allotment and / or through any other permissible mode in accordance with the relevant provisions of applicable law, subject to approval from the shareholders of the company and the receipt of statutory/regulatory and other approvals, as may be required. Knowledge Marine & Engineering Works is engaged in providing dredging services, owning and operating marine craft, and repairing, maintaining, and refitting marine crafts and marine infrastructure. Its head office is in Mumbai, and operations are spread across major ports in the country through branch offices in Kolkata, Vishakapatnam, Kandla, Vadinar and Sittwe, Myanmar. The company's consolidated net profit fell 3% to Rs 23.47 crore on 10.5% decline in net sales to Rs 95.62 crore in H1 FY25 over H1 FY24.Powered by Capital Market - Live

Knowledge Marine & Engg. Works will hold a meeting of the Board of Directors of the Company on 24 December 2024.Powered by Capital Market - Live

Knowledge Marine & Engineering Works has received a work order from V.O. Chidambaranar Port for Supply, Manning, Operation, and Maintenance of One (1) No. 60T Bollard Pull and above highly maneuverable Azimuth Stern Drive (ASD) Tug. The contract is for a period of seven years and is valued at Rs 96.24 crore. Powered by Capital Market - Live