Knowledge Marine & Engineering Works Limited (KMEW) has issued a corrigendum to its Extraordinary General Meeting (EOGM) notice dated June 26, 2026. The EOGM is scheduled to be held on Sunday, July 19, 2026, at 11:00 a.m. IST, through Video Conferencing Facility (VC Facility) or Other Audio Visual Means (OAVM). This corrigendum addresses clarifications sought by BSE Limited and the National Stock Exchange of India Limited (NSE) regarding the proposed preferential issue of equity shares. NSE requested clarifications via letter on July 02, 2026, and BSE via email on July 03, 2026. The company has submitted applications to both exchanges for in-principle approval of the preferential issue. The corrigendum details the basis for the preferential issue price, which is calculated as the higher of Rs. 1,848.55 (90-day VWAP) or Rs. 1,962.52 (10-day VWAP). The price determined by an independent registered valuer, CA Bhavesh Mansukhbhai Rathod, is Rs. 1,962.52 per share. The issue price for the preferential allotment is set at Rs. 1,962.53 per equity share, which is not lower than the floor price. The company clarified that a valuation report from an independent registered valuer is not mandatory under Regulation 166A of SEBI (ICDR) Regulations as the proposed issue results in an allotment of 3.01%, which is less than five percent of the post-issue fully diluted share capital. Additionally, the corrigendum updates Point 8 of the Explanatory Statement regarding the Valuation Report, providing details of the report obtained from CA Bhavesh Mansukhbhai Rathod dated June 26, 2026. It also updates Annexure-A, detailing the pre-issue and post-issue shareholding patterns. The pre-issue shareholding as of June 24, 2026, shows promoters holding 51.55%, while the post-issue pattern, considering the preferential allotment and warrant conversions, shows promoters holding 50.30%. The total public shareholding is expected to increase from 48.44% to 49.70%. The company also noted that its equity shares were sub-divided from Rs. 10 to Rs. 5 effective December 22, 2025.
