Knowledge Marine & Engineering Works Ltd Share Price – NSE  / BSE

Ship Building, Small Cap

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

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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.

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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 consideredappropriate.

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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.

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