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

The contract includes supply, manning, operation, and maintenance of one 60T bollard pull and above highly manoeuvrable azimuth stern drive (ASD) tug on a charter basis. The contract is valued at Rs 96.25 crore for a period of seven years. These tugs are used for controlling the vessels in confined port spaces for towing, pulling or pushing of capsize vessels of 80,000 tons and above for safe berthing and unberthing operations. The company will deploy a newly constructed 60-ton bollard pull ASD tug to execute the contract. The tug will be designed and built to meet advanced technical standards and will be mobilized within the stipulated timeframe to ensure timely project execution. Sujay Kewalramani, CEO, said 'This is a significant achievement for KMEW wherein we have secured our maiden contract for supply of 60-ton bollard pull (ASD) tug. This marks a key milestone in our growth and capacity expansion. Today, the port sector requires more than 100 such tugs. With the award of this contract, we are now poised and qualified to cater to this requirement.' 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. On a full-year basis, the company's consolidated net profit declined 35.1% to Rs 30.53 crore on 18.8% decline in net sales to Rs 163.58 crore in FY24 over FY23. The scrip declined 1.48% to currently trade at Rs 2,335.05 on the BSE. Powered by Capital Market - Live

Knowledge Marine & Engg. Works will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

The ratings continue to reflect the extensive experience of the promoters in the shipping industry along with the established track record, sound operating efficiency and healthy financial risk profile of KMEW. These strengths are partially offset by modest scale of operations, susceptibility to risks related to the tender-based nature of business and timely execution of orders and dependence on the shipping and maritime industry. The rating agency stated that factors like sizeable and sustainable increase in revenue and profitability, led by continuous work orders, leading to cash accrual above Rs 50 crore; and an improvement in the working capital cycle leading to improved liquidity profile could lead to a ratings upgrade. However, the company could face a rating downgrade if there is a decline in revenue or profitability, resulting in cash accrual below Rs 20 crore; and large, debt-funded capital expenditure or substantial stretch in the working capital cycle leads to deterioration in the liquidity profile. 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 scrip rose 0.20% to currently trade at Rs 1699.10 on the BSE. Powered by Capital Market - Live

Knowledge Marine Stable/ CRISIL A3+. Powered by Capital Market - Live

Knowledge Marine & Engineering Works has been awarded a work order by the Dredging Corporation of India (DCI) for the maintenance dredging and salvaging work at Kandla Port. The contract is for a period of three years and is valued at Rs 17.77 crore. The scope of the contract at Kandla Port comprises two distinct activities. The first involves maintaining water depths at cargo berths and oil jetties for a period of 3 years by removing accumulated silt and sediments to meet the project's design specifications. The second involves salvaging materials such as wooden logs, concrete pieces, mixed scrap, and iron scrap from the seabed during dredging operations. The company has secured its first-ever salvaging contract, marking a significant milestone in expanding its expertise within the dredging segment and strengthening its capabilities in complex marine projects.Powered by Capital Market - Live

Knowledge Marine & Engineering Works has been awarded a work order from Mumbai Port Authority for the work of hiring of two patrol boats with a speed of not less than 20 knots. The contract is for a period of seven years and is valued at Rs 19.27 crore (inclusive of GST). Powered by Capital Market - Live

Knowledge Marine & Engineering Works has secured a work order from New Mangalore Port Authority (NMPT) for the work of hiring of one RSV Type IV Security Patrol Boat with a speed of not less than 25 knots. The contract is for a period of five years and is valued at Rs 9.69 crore. Powered by Capital Market - Live