Key Quantitative Figures

  • Preferential issue price: ₹1,962.53 per equity share (unchanged from original notice)
  • 90-day volume weighted average price (VWAP): ₹1,848.55 per share (calculated as per SEBI ICDR Regulations)
  • 10-day volume weighted average price (VWAP): ₹1,962.52 per share (calculated as per SEBI ICDR Regulations)
  • Floor price determined: ₹1,962.52 per share (higher of the two VWAP calculations)
  • Independent valuer's price determination: ₹1,962.52 per share (matching the 10-day VWAP)
  • Total pre-issue shares: 24,444,108 equity shares of ₹5 each
  • Total post-issue shares: 25,364,317 equity shares of ₹5 each
  • Promoter holding dilution: From 51.55% (12,602,929 shares) to 50.30% (12,758,821 shares)
  • Public holding increase: From 48.44% (11,841,179 shares) to 49.70% (12,605,496 shares)

Dates of Action

  • EGM Notice original date: June 26, 2026
  • EGM Date: July 19, 2026 at 11:00 AM IST
  • Cut-off date for shareholders: June 24, 2026
  • Corrigendum dispatch date: July 09, 2026
  • Valuation report date: June 26, 2026
  • Warrant conversion date: June 26, 2026 (allotment of 155,892 equity shares)
  • Share sub-division effective date: December 22, 2025 (from ₹10 to ₹5 per share)

Parties Involved

  • Knowledge Marine & Engineering Works Limited (issuer company)
  • BSE Limited and National Stock Exchange of India Limited (regulatory exchanges)
  • CA Bhavesh Mansukhbhai Rathod, Independent Registered Valuer (IBBI Reg. No.: IBBI/RV/06/2019/10708)
  • MUFG Intime India Private Limited (MIIPL) (e-voting agency)

Capital Structure Impact

The preferential issue will result in:

  • Increase in total outstanding shares from 24,444,108 to 25,364,317
  • Dilution of promoter holding by 1.25 percentage points (from 51.55% to 50.30%)
  • Increase in public holding by 1.26 percentage points (from 48.44% to 49.70%)
  • The issue represents approximately 3.01% of post-issue fully diluted share capital

Additional Notes

  • The company confirmed that Regulation 166A of SEBI ICDR Regulations does not apply since the allotment to any single allottee is below the 5% threshold
  • The shareholding pattern includes the effect of 155,892 equity shares allotted on June 26, 2026 due to warrant conversion
  • All share numbers reflect the share sub-division from ₹10 to ₹5 per share effective December 22, 2025
  • The corrigendum has been uploaded to company website (www.kmew.in), MIIPL platform, and stock exchange websites
  • All other contents of the original EGM notice remain unchanged except for the specified modifications