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

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