Board Meeting Details

The Board of Directors meeting was held on Friday, May 29, 2026 through Video Conferencing facility, deemed to be held at the Registered Office in Chembur, Mumbai. The meeting commenced at 02:30 PM and concluded at 04:36 PM.

Key Decisions Approved

1. Approval of Audited Standalone & Consolidated Financial Results for the Quarter and Year ended March 31, 2026

2. Notice of Postal Ballot for ratification and approval of existing and proposed Related Party Transaction and approval for increase in the limits of investments/loans/guarantees/securities under section 186 of the Companies Act, 2013

3. Appointment of M/s. M S K A & Associates LLP (Formerly known as M S K A & Associates) as Statutory Auditor of the Company for 5 years commencing from conclusion of 11th AGM till conclusion of 16th AGM

Auditor Appointment Details

The new auditor appointment replaces M/s LKJ & Associates LLP, Chartered Accountants, whose term is completing at the 11th AGM. The appointment is subject to shareholder approval at the ensuing AGM.

Financial Results Highlights

Consolidated Financial Performance (Amount in ₹ Lakhs)

Income Statement:

  • Revenue from Operations: Q4 FY26: ₹6,761.73; FY26: ₹25,628.01 (FY25: ₹20,069.97)
  • Other Income: Q4 FY26: ₹1,057.92; FY26: ₹1,557.54 (FY25: ₹518.34)
  • Total Revenue: Q4 FY26: ₹7,819.65; FY26: ₹27,185.55 (FY25: ₹20,588.31)
  • Total Expenses: Q4 FY26: ₹6,086.70; FY26: ₹19,310.37 (FY25: ₹14,368.82)
  • Profit Before Tax: Q4 FY26: ₹1,732.95; FY26: ₹7,875.18 (FY25: ₹6,219.49)
  • Tax Expense: Q4 FY26: ₹(620.00); FY26: ₹(35.32) (FY25: ₹1,259.60)
  • Net Profit: Q4 FY26: ₹2,352.95; FY26: ₹7,910.50 (FY25: ₹4,959.89)
  • EPS (Basic): Q4 FY26: ₹9.63; FY26: ₹34.57 (FY25: ₹20.29)

Balance Sheet (as of March 31, 2026):

  • Total Assets: ₹82,007.75 Lakhs (FY25: ₹39,405.14 Lakhs)
  • Equity Share Capital: ₹1,222.21 Lakhs (244,44,108 shares of ₹5 each)
  • Other Equity: ₹55,786.99 Lakhs
  • Total Equity: ₹57,283.71 Lakhs
  • Total Liabilities: ₹24,724.04 Lakhs

Cash Flow Statement (FY26):

  • Net Cash from Operating Activities: ₹(20,040.24) Lakhs
  • Net Cash from Investing Activities: ₹(10,439.63) Lakhs
  • Net Cash from Financing Activities: ₹34,725.19 Lakhs
  • Net Increase in Cash: ₹4,245.32 Lakhs

Standalone Financial Performance (Amount in ₹ Lakhs)

Income Statement:

  • Revenue from Operations: Q4 FY26: ₹6,216.74; FY26: ₹22,537.81 (FY25: ₹14,922.07)
  • Other Income: Q4 FY26: ₹1,430.56; FY26: ₹1,866.05 (FY25: ₹549.38)
  • Total Revenue: Q4 FY26: ₹7,647.30; FY26: ₹24,403.86 (FY25: ₹15,471.45)
  • Total Expenses: Q4 FY26: ₹5,084.22; FY26: ₹16,704.83 (FY25: ₹10,710.41)
  • Profit Before Tax: Q4 FY26: ₹2,563.08; FY26: ₹7,699.03 (FY25: ₹4,761.04)
  • Tax Expense: Q4 FY26: ₹(498.45); FY26: ₹(95.48) (FY25: ₹1,263.10)
  • Net Profit: Q4 FY26: ₹3,061.53; FY26: ₹7,794.51 (FY25: ₹3,497.94)
  • EPS (Basic): Q4 FY26: ₹12.52; FY26: ₹34.10 (FY25: ₹16.19)

Segment Reporting

The company operates in multiple segments:

  • Dredging and Ancillary Services: FY26 Revenue ₹19,350.31 Lakhs
  • Ship Building and Repairing: FY26 Revenue ₹5,326.13 Lakhs
  • Bahrain Operations: FY26 Revenue ₹1,964.69 Lakhs
  • Geographical - Dredging Services (Myanmar): FY26 Revenue ₹708.68 Lakhs

Entities Included in Consolidation

The consolidated results include:

  • Knowledge Infra Ports Private Limited (wholly owned subsidiary)
  • Indian Ports Dredging Private Limited (wholly owned subsidiary)
  • KMEW Offshore Private Limited (associate company)
  • KNOWLEDGE DREDGING CO. W.L.L. (subsidiary)
  • KNOWLEDGE MARINE CO. W.L.L (wholly-owned subsidiary)
  • Knowledge Shipyard Private Limited (subsidiary, acquired August 6, 2025)

Emphasis of Matter

The company has raised a claim of ₹39.01 crores (incl. GST) in FY 2024-25 on Dredging Corporation of India. Out of this, ₹14.13 crores was received in FY 2024-25, with balance of ₹24.89 crores outstanding for more than one year as on March 31, 2026. Management is confident of recovery due to receipt of ₹8.60 crores in current year and has not made any provision.

Other Significant Matters

1. The company has applied to NCLT for merger of Knowledge Infra Private Limited and Indian Ports Dredging Private Limited with appointed date being April 1, 2026

2. The company has opted for Tonnage Tax Scheme under Chapter XII-G of Income-tax Act effective from A.Y. 2026-27 for 10 years

3. Completed preferential issue raising ₹284.81 Crores

4. Executed stock split subdividing 1 share of ₹10 into 2 shares of ₹5 each effective December 22, 2025

5. Recognized additional charge of ₹35.62 Lakhs due to Labour Code changes