Knowledge Marine & Engineering Works Ltd

AGM Details

• 11th AGM held on 30 September 2026; 04:00–05:03 IST; conducted via Video Conferencing.

Resolutions Put to Vote

• Adoption of Audited Financial Statements and Reports of Board and Auditors — Ordinary.
• Appointment of Hemant Kumar Sibal (DIN 11300312) by rotation — Ordinary.
• Appointment of MSKA & Associates LLP as Statutory Auditors — Ordinary.
• Sub-Division of Equity Shares — Special.
• Alteration of Memorandum of Association — Special.
• Authorization for Issuance of Non-Convertible Debentures up to Rs. 500 Crores — Special.

Voting & Results

• Voting conducted via remote and on-spot e-voting; results to be reported by Scrutinizer.

Director Changes

• Hemant Kumar Sibal reappointed as Director (retiring by rotation).

Knowledge Marine & Engineering Works Limited: Trading Window closed from October 01, 2026 till 48 hours after the declaration of Un-audited Standalone and Consolidated Financial Results for the quarter & half year ended September 30, 2026

• CARE Ratings revised outlook to Positive for Long Term Bank Facilities (₹502.25 cr).
• Long Term Bank Facilities: Rating CARE BBB+, outlook Positive (from Stable), amount ₹502.25 cr.
• Long Term/Short Term Bank Facilities: CARE BBB+, Positive; CARE A2 (from Stable/ A2); ₹11.00 cr.
• Short Term Bank Facilities: CARE A2; reaffirmed.
• Total facilities: ₹700.00 cr.
• Outlook for Long Term Bank Facilities revised from Stable to Positive.
• Rating actions: Reaffirmed ratings across all facilities.
• Agency: CARE Ratings Limited.

Order details

• Chartering of 60-ton bollard-pull battery-electric Green Tug with crew.
• Includes Manning, operations, maintenance and complete technical management.
• Contract term: 15 years; value ₹279.33 crore including GST.
• Awarded by a domestic entity: Mumbai Port Authority.
• Promoter group have no interest in the awarding entity.
• Strengthens KMEW's green tug portfolio and potential order-book growth.

AGM notice and annual report access

• The company informs non-registered email holders about access to FY2025-26 Annual Report and AGM notice.
• AGM scheduled for September 30, 2026, at 04:00 PM IST via VC/OAVM.
• Annual Report FY2025-26 accessible at kmew.in (Investor Information → Annual Report → FY 2025-26).
• Cut-off date for non-email shareholders to receive notices is August 28, 2026.
• Reminder to update KYC details per SEBI Master Circular 2024; dematerialise physical securities.

AGM Details

• Date: 30 September 2026; Time: 4:00 PM IST; Mode: VC/OAVM.
• Deemed venue: registered office; e-voting cut-off: 22 September 2026.
• Record date to be fixed by the Board for sub-division.

Ordinary Resolutions

• Adopt Audited standalone and consolidated financial statements for year ended March 31, 2026.
• Re-appoint Hemant Kumar Sibal as Director, liable to retire by rotation.
• Appoint MSKA & Associates LLP as statutory auditors from conclusion of this AGM to 16th AGM; remuneration fixed.

Special Resolutions

• Sub-divide equity shares from Rs.5 to Rs.1; record date to be fixed.
• Alter MOA to reflect new authorized share capital.
• Authorize issue of non-convertible debentures up to Rs.500 crore; private placement or public issue.

Financial highlights

• Revenue from operations: ₹256.28 Cr in FY2025-26.
• EBITDA: ₹96.75 Cr; EBITDA margin 38%.
• PAT: ₹79.11 Cr; PAT margin 31%.
• EPS (standalone): ₹34.10; Diluted: ₹34.57.
• Order book: ₹1,395.43 Cr as of 31 Mar 2026.
• Market cap crossed ₹5,000 Cr in FY26.
• Green Tug contracts: ₹690 Cr over 15 years.
• Phase I of Saphale shipyard: operational by FY2026-27.
• Acquired 15 acres near Saphale for shipyard.

Operational and order book

• Dredging revenue: ₹184.31 Cr; Ancillary ₹18.71 Cr; Shipbuilding ₹53.26 Cr.
• Fleet: 50+ vessels; 19 dredging assets; 28 port ancillary crafts.
• Geography and подв: operations in India; Bahrain; Myanmar.
• Rock dredging at JNPA; River Pearl 47 deployed.
• India's largest Indian-flag backhoe dredger River Pearl 47 is in operation.

Strategic capex and growth initiatives

• Raised ₹284.80 Cr via preferential equity and warrants.
• Share split: ₹10 to ₹5; record date 22-Dec-2025.
• Acquired KSPL 51%; IPDPL 29.99%; Knowledge Infra Ports 25.99%.
• KSPL renamed Knowledge Shipyard Private Limited.
• Acquired 15 acres near Saphale; Phase I near-term operational.

Capital allocation and governance

• Adopted Tonnage Tax regime; improved tax efficiency.
• 1:2 equity share subdivision improved liquidity.
• Green maritime entry: two green tug contracts; strategic shipbuilding move.
• Phase I shipyard positions KMEW to scale across value chain.

Governance and controls

• Board meetings: 13 in FY2025-26; diverse and independent directors.
• Hemant Kumar Sibal appointed Sept 17, 2025; joined NRC later.
• Jagat Jiban Biswas resigned Oct 1, 2025.
• MSKA & Associates LLP appointed as statutory auditors for 2026-27, subject to shareholders' approval.

Risks and outlook

• Key risks: competition, tech obsolescence, macroeconomics, supply chain, weather, project execution.
• Outlook: leverage Sagarmala and Amrit Kaal Vision 2047; Inland waterways growth.
• Discipline in capital allocation; focus on scalable, tech-enabled maritime platform.

CSR and ESG

• CSR spend: ₹99.31 Lakh (2% of average net profits).
• Focus areas: health, education; ongoing CSR initiatives with approved agencies.