Postal Ballot Mechanics
- Cut-off date for determining members eligible to vote: Friday, May 29, 2026
- Remote e-voting service provider: MUFG Intime India Private Limited (MIIPL)
- Remote e-voting period: Wednesday, June 03, 2026 from 9:00 AM IST to Thursday, July 02, 2026 at 5:00 PM IST
- Scrutinizer: Ms. Preeti Singhania of P Singhania & Associates, Chartered Accountants
- Results declaration: On or before Monday, July 06, 2026
- Results will be displayed on company website (www.kmew.in) and MIIPL website (https://instavote.linkintime.co.in)
- Notice sent only electronically to members with registered email addresses
Resolution Details
ITEM NO. 01: Approval and Ratification for Material Related Parties Transaction during FY 2025-26
Resolution Type: Ordinary Resolution
Transaction Details: Ratification of material related party transactions aggregating ₹105.65 Crores during FY 2025-26 between the Company and Knowledge Shipyard Private Limited (formerly Kamal Marine & Engineering Works Private Limited)
Breakdown of Transactions:
- ₹17.00 Crores for construction of crafts, fabrication of hull, outfitting of port ancillary crafts
- ₹18.00 Crores (stagewise payment) against total contract value of ₹90 Crores for construction and supply of 1 No. GTTP Compliant 60 Ton Bollard Pull Green Tug
Background: Transactions were undertaken for work orders from Inland Waterways Authority of India (procurement of Cutter Suction Dredger and ancillary units) and V.O. Chidambarnar Port Authority (manning, operation, maintenance of tug)
Materiality Threshold: 10% of annual consolidated turnover (₹20.07 Crores based on FY24-25 turnover of ₹200.70 Crores)
Authorization: Mr. Saurabh Daswani (Managing Director) or Mrs. Kanak Kewalramani (Whole-time Director & CFO) authorized to execute necessary documents
ITEM NO. 02: Approval for Entering Material Related Parties Transaction during FY 2026-27
Resolution Type: Ordinary Resolution
Transaction Details: Approval for material related party transactions aggregating up to ₹800 Crores during FY 2026-27 with Knowledge Shipyard Private Limited
Breakdown of Proposed Transactions:
- Up to ₹500 Crores for repairs of existing vessels, construction, fabrication and outfitting of port ancillary crafts including Speed Patrol Boats, Tug Boats, Accommodation Boats, Mooring Launches, and Conventional/Hybrid/Battery operated GTTP Compliant Green Tugs
- Up to ₹300 Crores in financial assistance through guarantees, advances, or investments to support KSPL's financial and contractual obligations
Tenure: Transactions expected to span from FY26-27 to FY28-29
Materiality Threshold: 10% of annual consolidated turnover (₹25.62 Crores based on FY25-26 turnover of ₹256.28 Crores)
Authorization: Mr. Saurabh Daswani or Mrs. Kanak Kewalramani authorized to execute necessary documents and delegate powers
ITEM NO. 03: Approval for Increase in Limits of Investments/Loans/Guarantees/Securities under Section 186
Resolution Type: Special Resolution
Current Limit: ₹75 Crores (approved at 5th AGM on September 29, 2020)
Proposed Limit: ₹500 Crores
Purpose: To achieve long-term strategic objectives of growth and expansion, fund new business ventures, make strategic investments in subsidiaries/joint ventures, and meet funding requirements
Scope: Covers loans to any person/body corporate, guarantees/securities in connection with loans, and investments in securities of other body corporates
Financial Information
Company FY24-25 Consolidated Turnover: ₹200.70 Crores
Company FY25-26 Consolidated Turnover: ₹256.28 Crores
KSPL FY24-25 Financials: Turnover ₹2.46 Crores, PAT ₹0.21 Crores, Networth ₹2.44 Crores
KSPL FY25-26 Financials: Turnover ₹28.47 Crores, PAT ₹2.34 Crores, Networth ₹4.77 Crores
Voting Instructions
- Individual shareholders holding securities in demat mode can vote through NSDL or CDSL platforms
- Shareholders holding physical shares/non-individual shareholders must register on InstaVote platform
- Detailed voting instructions provided for various shareholder categories
- Helpdesk contacts provided for technical assistance
Key Dates
- Notice Date: May 29, 2026
- Filing Date with Exchanges: June 02, 2026
- Cut-off Date: May 29, 2026
- E-voting Period: June 03, 2026 to July 02, 2026
- Results Declaration: On or before July 06, 2026