Knowledge Marine & Engineering Works Ltd

Knowledge Marine & Engg. Works announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 9 October 2025.Powered by Capital Market - Live

Knowledge Marine & Engineering Works announced the successful completion of a preferential issue of equity shares and warrants amounting to Rs 284.81 crore (approx. USD 32.30 million). As part of this round, funds advised by Convergent Finance LLP are going to invest Rs 240 crore (USD 27.2 million) for a 10.3% stake in the Company. Founded in 2018, Convergent Finance is led by Harsha Raghavan, an industry veteran with 28 years of investment experience, who previously founded and led Fairfax's investment activities in India. The team has a track record of investing more than $2.5 billion over a twelve-year period. Sujay Kewalramani, Chief Executive Officer of KMEW, also participated, subscribing to Rs 14.80 crore (approx. USD 1.7 million) of warrants. Powered by Capital Market - Live

Knowledge Marine & Engg. Works will hold a meeting of the Board of Directors of the Company on 17 September 2025.Powered by Capital Market - Live

Knowledge Marine & Engg. Works announced that the 10th Annual General Meeting(AGM) of the company will be held on 30 September 2025.Powered by Capital Market - Live

Knowledge Marine & Engineering Works has received a work order from Deendayal Port Authority for 'Dredging in Approach Channel, Turning Circle, Berth Pockets surrounding of Landing Pontoon, etc. for maintaining 6.8m BCD from the existing dredged level at Ghogha Ro-Ro Terminal -Gujarat'. The work order shall be executed over a period of 12 months and is valued at Rs 47.59 crore. Powered by Capital Market - Live

Knowledge Marine & Engineering Works (KMEW) has received a work order from Dredging Corporation of India for Grab Dredging at different locations in the Port Dock Areas of Paradip Port. The work order shall be executed over a period 4 months excluding monsoon period and is valued at Rs 7,25,25,030/- inclusive of GSTPowered by Capital Market - Live

Shares of Dredging Corporation of India shed 0.94% to Rs 625 on the BSE. The contract involves dredging approximately 64,358 cubic meters of material over a period of four months in the port dock areas of Paradip Port, excluding the monsoon season. The company confirmed that neither the promoter nor the promoter group has any interest in the contracting entity, and the contract does not constitute a related party transaction. 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. Dredging Corporation of India (DCI) is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India. Powered by Capital Market - Live

The contract involves dredging operations in the Mouth Portion, Entrance Channel, and Sand Trap Areas of Pondicherry Port, increasing the depth from the existing level to the designed specifications. Approximately 200,000 cubic meters of material will be dredged over a three-month period, with a possible extension of one month. The company said this scope is vital to ensuring safe and efficient vessel movement, enhancing port accessibility, and supporting operational continuity at Pondicherry Port. KMEW's proven capabilities in precision dredging and its deployment of specialized equipment from its existing fleet will ensure timely and effective execution of this high-impact assignment. This contract marks a major milestone for KMEW, representing its maiden engagement at Pondicherry Port and further expanding its operational footprint across India's maritime infrastructure. The award underscores KMEW's reputation as a trusted partner in the dredging sector, backed by a decade of consistent performance across major Indian ports. For this project, KMEW will deploy a dredger from its existing fleet, leveraging its in-house dredger to ensure cost-effective execution. This strategy reflects the company's commitment to maximizing asset efficiency, optimizing capital expenditure, and streamlining operations'all while maintaining a strong focus on sustainability and resource management. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works said that, 'KMEW is proud to announce the recent award of a new contract from the Dredging Corporation of India (DCI), marking a significant achievement in our journey. This contract marks strategic entry at Pondicherry port. This is the 8th Contract from Dredging Corporation of India in the last 4 years. This order win not only reflects our successful track record with Dredging Corporation of India but being able to serve different employers across the Indian Coast. The win underscores our ongoing commitment to identifying opportunities at existing ports and exploring new projects, as well as our ambition to expand our capabilities across India's port infrastructure. Our strategic focus on maximizing asset utilization enables us to execute these contracts efficiently without incurring major capital expenditures, further solidifying our position as a leader in the dredging industry.' 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. Powered by Capital Market - Live

Knowledge Marine & Engineering Works has received a work order from Dredging Corporation of India for chartering of Shallow Draft Trailing Suction Hopper Dredger (TSHD) for maintenance dredging at Pondicherry Port during 2024-25. The contract shall be executed over a period 3 months and can be extended by one month and is valued at Rs 28,32,00,000/- inclusive of GST. Powered by Capital Market - Live

Net profit of Knowledge Marine & Engineering Works rose 9.42% to Rs 11.27 crore in the quarter ended June 2025 as against Rs 10.30 crore during the previous quarter ended June 2024. Sales rose 12.36% to Rs 48.47 crore in the quarter ended June 2025 as against Rs 43.14 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales48.4743.14 12 OPM %41.1436.67 - PBDT16.8414.60 15 PBT13.4211.96 12 NP11.2710.30 9 Powered by Capital Market - Live