Introduction:
Leading defence company has announced a Board meeting to discuss significant decisions, including the sub-division of ₹10 face value equity shares and exploring fundraising options like private placement, QIP, and preferential allotments, pending shareholder approval.
Also Read: Mining stock jumps 7% after it announes update on Altyn Tor gold project
Share price movement of Knowledge Marine:
On December 20, 2024, Knowledge Marine opened at ₹2,250.05, up 5.10% from its previous close of ₹2,140.80. The stock reached a high of ₹2,270.05 and a low of ₹2,220.00. By 10:26 AM, it traded at ₹2,250.00, reflecting a 5.10% increase, with a market cap of ₹2,430.23 crore.
Knowledge Marine to Hold Board Meeting on Stock Split:
Knowledge Marine & Engineering Works Limited has announced a Board meeting scheduled for December 24, 2024, at 4:00 PM to consider key decisions, including the sub-division of equity shares and raising funds through private placement or QIP.
The company plans to discuss the sub-division of its ₹10 face value equity shares, pending approval from shareholders and relevant regulatory authorities. The move aims to enhance shareholder value and increase market liquidity.
Additionally, Knowledge Marine & Engineering Works intends to explore fundraising options, including private placement, QIP, and preferential allotments, subject to shareholder approval and necessary regulatory clearances.
Recent news on Knowledge Marine:
As of December 06, 2024, Knowledge Marine & Engineering Works has secured a seven-year contract from V.O. Chidambaranar Port for the supply, manning, operation, and maintenance of a 60T Bollard Pull Azimuth Stern Drive Tug, valued at ₹96.24 crore.
Ace investor holding in Knowledge Marine:
Ashish Kacholia
Ashish Kacholia holds a 2.78% stake in Knowledge Marine & Engineering Works Ltd, owning 300,000 shares valued at ₹67.5 crore. His investment reflects confidence in the company’s growth potential and market performance.
Vijay Mohan Karnani
Vijay Mohan Karnani holds a 1.71% stake in Knowledge Marine & Engineering Works Ltd, owning 185,000 shares valued at ₹41.6 crore. His investment signifies strong confidence in the company’s future growth and financial prospects.
Stock performance of Knowledge Marine for Period of 1 week, 6 months and 1 year:
Knowledge Marine & Engineering Works Ltd has experienced a 5.09% decline over the past week. However, it has shown strong growth with a 57.7% return over the last six months and a 42.6% return over the past year, reflecting solid long-term performance.
Also Read: Stock jumps 7.5% after it receives order for multi effect evaporator
Shareholding pattern of Knowledge Marine:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 60.70% | 60.60% | 67.10% |
| FII | 1.00% | 1.20% | 0.20% |
| DII | 2.90% | 2.20% | 0.00% |
| Public | 35.50% | 36.00% | 32.70% |
About Knowledge Marine:
Knowledge Marine & Engineering Works Ltd (NSE: KMEW) was incorporated in 2015 and later became a public company in 2020. It specializes in dredging, chartering, marine craft maintenance, and marine infrastructure projects in India and Myanmar, with a diverse fleet.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
