Knowledge Marine & Engineering Works Limited (KMEW) — Announcement

📢 Key Event
EOGM scheduled for July 19, 2026, to approve ₹149.99 crore preferential share issue

🔄 What Changed
Approval sought for preferential issue of 764,317 shares at ₹1,962.53 per share

🔮 What's Next
None

💡 Investor Takeaway
Shareholders will vote on a capital raise that dilutes ownership slightly but complies with SEBI norms and avoids independent valuation.

⚠️ Risks
None

Knowledge Marine & Engineering Works Limited announced an Extra-Ordinary General Meeting on July 19, 2026, to seek shareholder approval for a preferential issue of 764,317 equity shares at ₹1,962.53 per share, raising approximately ₹149.99 crore. The meeting will be conducted via video conferencing with remote e-voting available from July 15–18, 2026, requiring demat-mode shareholders to use NSDL/CDSL platforms. The issue complies with SEBI regulations, exempts the company from independent valuation due to the small size (<5% post-issue dilution), and appoints CARE Ratings as monitoring agency for quarterly reporting. Shareholders must submit proxy resolutions electronically if non-individual entities wish to vote through representatives.

📄 View Original Announcement (PDF)

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