Knowledge Marine clarifies preferential issue allottee status for NSE query

Knowledge Marine & Engineering Works Limited (KMEW) released a clarification regarding the current and proposed status of allottees for its preferential issue of equity shares and equity shares upon conversion of warrants at INR 10 each. This disclosure, dated October 09, 2025, follows a query from the National Stock Exchange of India.

Key allottees include Infinity Direct Holdings, Infinity Direct Capital, and Infinity Partners II Direct, all classified as non-promoters, with proposed allocations of 464,210, 546,316, and 252,632 equity shares respectively. None of these held any pre-issue shares as of September 12, 2025. Ashish Kacholia, Vimana Capital Management LLP, and Suryashakti Management Services Private Limited are also identified as non-promoters, with proposed allocations of 52,632 equity shares each, despite pre-issue holdings of 300,000, 109,132, and nil shares respectively.

Sujay Kewalramani, a promoter, is listed with a proposed allocation of 77,946 shares from convertible warrants, considering a 100% conversion, and had 7,925 pre-issue holdings. The company emphasized that this information is provided in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.