KMEW Board Approves Audited FY26 Results, Appoints New Auditors
KMEW's Board approved audited standalone and consolidated financial results for the year ended March 31, 2026. They also approved appointing M S K A & Associates LLP as statutory auditors for five years and will seek shareholder approval for related party transactions and increased investment limits via postal ballot.
The approval of financial results and auditor appointment are material events for the company. The proposed increase in investment/loan limits could also have future financial implications.
The announcement details routine corporate actions like financial result approval and auditor appointment, with no significant positive or negative financial or operational news.
Knowledge Marine & Engineering Works Limited (KMEW) announced the outcome of its Board Meeting held on May 29, 2026. The Board has approved the Audited Standalone & Consolidated Financial Results for the Quarter and Year ended March 31, 2026.
Additionally, the Board approved a Notice of Postal Ballot for ratification of existing and proposed Related Party Transactions, along with an increase in investment/loan/guarantee limits under Section 186 of the Companies Act, 2013. Further details on the postal ballot process will be communicated in due course.
The Board also approved the appointment of M/s. M S K A & Associates LLP as the Statutory Auditor for a term of 5 years, commencing from the conclusion of the 11th AGM until the conclusion of the 16th AGM. This appointment is subject to shareholder approval at the upcoming AGM and replaces M/s LKJ & Associates LLP, whose term concludes at the 11th AGM.
The meeting commenced at 02:30 PM and concluded at 04:36 PM.
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Knowledge Marine & Engineering Works Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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