Knowledge Marine & Engineering Works Ltd

The board of Knowledge Marine & Engineering Works at its meeting held on 30 October 2025 has approved the allotment of 14,21,054 equity shares for cash at an issue price of Rs 1900 per equity share (including a premium of Rs 1,890 per share)  for an amount aggregating to Rs 270 crore to promoters belonging to the non-promoter category on preferential basis. The board also approved the allotment of 77,946 convertible warrants for cash at an issue price of Rs 1900 per warrant (including a premium of Rs 1890 per warrant) for a total investment aggregating to Rs 14.80 crore to  the person belonging to the promoter category on preferential basis. Powered by Capital Market - Live

Knowledge Marine & Engineering Works has been received a Letter of Intent (LOI) from V. O. Chidambaranar Port Authority (VOCPA) for Hiring of 1 No. 60 Ton Bollard Pull capacity Electric Tug under GTTP (Green Tug Transition Program) compliance Battery operated Electric Green Tug (60 Ton Green Tug) along with Manning, Operations, Maintenance and complete Technical Management at VOCPA. The said LOI is valued at Rs 385.76 crore including taxes for a period of 15 years. Powered by Capital Market - Live

Knowledge Marine & Engineering Works (KMEW) has been received a work order from Inland Waterways Authority of India for 'Procurement of 4 Nos. of Cutter Suction Dredgers, and Ancillary Units (Work Boats + Accommodation Boats) under Capacity Augmentation of National Waterways - 1 (River Ganga). The work order shall be executed over a period 18 months and is valued at Rs 127.12 crore excluding taxes.Powered by Capital Market - Live

The contract pertains to dredging and excavation activities at the Bunder Basin, specifically at the Roll-on/Roll-off (Ro-Ro) facilities intended for handling Over Dimensional Cargo (ODC). The scope of the project includes the excavation of sand, silt, clay, and mixed soil from the waterfront area near the South Wharf at Bunder Basin in Kandla. All dredged material will be transported and disposed of at a designated site outside the port limits. The company plans to utilize its in-house fleet of vessels for the execution of this project. This approach is expected to optimize asset utilization, improve operational agility, and ensure cost-efficient and timely delivery. 'This order reflects the trust placed in us by the Deendayal Port Authority and highlights our strength in timeline-driven, phased execution supported by robust project planning,' KMEW said in a regulatory filing. This latest contract further consolidates KMEW's position as a key player in India's marine engineering and dredging sector. The company continues to align its operations with national infrastructure and logistics development goals, focusing on mission-critical projects that enhance port capabilities. KMEW emphasized that the contract win is in line with its broader strategy of scaling operations and maximizing asset deployment, thereby delivering long-term value to stakeholders. Commenting on the work order, Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works, said, 'With this order win, KMEW continues to strengthen its presence at one of India's most vital maritime gateways. For the execution of this work order, we will deploy our existing fleet and proven dredging equipment. We are ready to execute this complex project with efficiency and discipline. As we celebrate our decade-long journey, we aim to achieve new breakthroughs and reach new heights to lead the next decade of the company. Our compass remains fixed on delivering value, strengthening stakeholder confidence, and reinforcing our reputation as a reliable force in India's marine infrastructure landscape.' 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, Visakhapatnam, Kandla, Vadinar, and Sittwe, Myanmar. The company posted a 0.4% increase in consolidated net profit at Rs 7.13 crore, driven by a 15.2% rise in revenue from operations to Rs 34.10 crore in Q1 FY26 compared with Q1 FY25. Shares of Knowledge Marine & Engineering Works declined 3.88% to end at Rs 2,460.25 on the BSE. Powered by Capital Market - Live

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