Hot Pursuit     24-Dec-24
Knowledge Marine gains after board OKs stock split proposal
Knowledge Marine & Engineering Works added 2.01% to Rs 2207 after the company’s board approved a proposal for sub-division of existing one equity share of the company into two equity shares.

Accordingly, the face value of each share of the company will change to Rs 5, which is half of its present face value of Rs 10.

The company expects to complete the stock split proposal within a period of 3 months from the date of shareholder’s approval.

The board of Knowledge Marine has also approved a proposal for raising of funds by the company by way of issue of equity shares through a qualified institutional placement (QIP) for an aggregate amount of up to Rs 500 crore.

Knowledge Marine & Engineering Works is engaged in providing dredging services, owning and operating marine craft, and repairing, maintaining, and refitting marine crafts and marine infrastructure. Its head office is in Mumbai, and operations are spread across major ports in the country through branch offices in Kolkata, Vishakapatnam, Kandla, Vadinar and Sittwe, Myanmar.

The company’s consolidated net profit fell 3% to Rs 23.47 crore on 10.5% decline in net sales to Rs 95.62 crore in H1 FY25 over H1 FY24.

Previous News
  Knowledge Marine wins work order for Dredging Corporation of India
 ( Corporate News - 03-Oct-24   12:35 )
  Knowledge Marine ends higher after bagging LoA for $40 mn contract in Myanmar
 ( Hot Pursuit - 24-May-24   16:48 )
  Knowledge Marine & Engineering Works bags work order
 ( Corporate News - 28-Oct-24   15:37 )
  Knowledge Marine soars after subsidiary bags contracts worth Rs 342.06 crore
 ( Hot Pursuit - 21-Aug-23   13:06 )
  Knowledge Marine & Engineering Works bags multiple orders in Bahrain
 ( Corporate News - 21-Aug-23   13:51 )
  Knowledge Marine & Engineering Works bags contract worth USD 2.2 million
 ( Corporate News - 18-Aug-23   15:08 )
  Knowledge Marine acquires dredger 'River Pearl 18' for mining contracts in Bahrain
 ( Hot Pursuit - 12-Jan-24   12:01 )
  KMEW acquires vessel for deployment in sand mining contracts in Bahrain
 ( Corporate News - 11-Jan-24   17:36 )
  CRISIL Ratings reaffirms ratings of Knowledge Marine at 'BBB' with 'stable' outlook
 ( Hot Pursuit - 16-Oct-24   10:32 )
  Knowledge Marine & Engineering Works wins contract from V.O. Chidambaranar Port
 ( Corporate News - 10-Jun-24   12:53 )
  Knowledge Marine & Engineering Works secures contract from Visakhapatnam Port Authority
 ( Corporate News - 08-Dec-23   10:19 )
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