KMEW Announces EGM on July 19 for Preferential Issue of ₹1,500 Crore Equity Shares
KMEW will hold an EGM on July 19, 2026, to approve a preferential issue of 7,64,317 equity shares at ₹1962.53 each, raising approximately ₹1,500 crore. The funds will be raised from non-promoter categories. Remote e-voting is open from July 15 to July 18, 2026.
The preferential issue of approximately ₹1,500 crore is a material event for the company, significantly impacting its capital structure and potentially funding future expansion or projects.
The announcement details a significant preferential issue aimed at raising substantial capital, which is generally viewed positively by the market as it can fuel growth or strengthen the balance sheet.
Knowledge Marine & Engineering Works Limited (KMEW) has announced the dispatch of its Notice of Extra-Ordinary General Meeting (EGM), scheduled for Sunday, July 19, 2026, at 11:00 AM IST. The EGM will be conducted via Video Conferencing (VC) Facility or Other Audio Visual Means (OAVM). The primary agenda for the EGM is to seek shareholder approval for a preferential issue of 7,64,317 equity shares at a price of ₹1962.53 per share, aggregating to ₹1,49,99,95,042.01 (approximately ₹1,500 crore). These shares will be issued to non-promoter categories, including 360 One PIPE Fund, FLC Investco LLC, Bank of India - Small Cap Fund, and Bank of India Mid and Small Cap Equity and Debt Fund. The 'Relevant Date' for determining the floor price for this preferential issue is fixed as Friday, June 19, 2026. The notice for the EGM was dispatched on June 27, 2026, and the cut-off date for members to be registered for voting purposes is June 24, 2026. Remote e-voting will commence on Wednesday, July 15, 2026, and conclude on Saturday, July 18, 2026. The results of the voting will be announced by the Company Secretary within two working days from the conclusion of the EGM, i.e., on or before Tuesday, July 21, 2026.
The equity shares to be issued will be fully paid-up, rank pari-passu with existing shares, and will be subject to a lock-in period as specified by SEBI ICDR Regulations. Allotment is expected within 15 days of the special resolution approval and receipt of necessary regulatory approvals. The company has engaged MUFG Intime India Private Limited to provide remote e-voting and online meeting platform facilities.
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Knowledge Marine & Engineering Works Limited filed this with the NSE as a statutory disclosure, categorised under egm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Knowledge Marine & Engineering Works Limited. Read the original for the full detail.