Knowledge Marine & Engineering Works Limited has informed the Exchange regarding 'Intimation of acquisition of Warrants Convertible into Equity Shares of Rs. 10/- eachpursuant allotment of Securities on Preferential Basis of the Knowledge Marine &Engineering Works Limited (the Company ) by Designated Persons'.
KMEW · price
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Mr. Sujay Kewalramani, CEO and member of the Promoter Group of Knowledge Marine & Engineering Works Limited, has been allotted 77,946 convertible warrants on a preferential basis for a total consideration of approximately Rs. 3.70 crore. Each warrant is convertible into one equity share of Rs. 10 face value within 18 months from the date of allotment (October 30, 2025). Prior to this, he held 7,287 equity shares (0.07%); post-allotment, he holds 7,925 equity shares (0.07%) along with 77,946 convertible warrants (0.63% on fully diluted basis). The disclosure was filed under SEBI Insider Trading Regulations as the acquirer is a designated person and promoter group member.
This signals promoter confidence as the CEO/Promoter Group member is investing personal funds into the company through a preferential allotment, which could be seen as a positive signal for retail investors. The warrants, if fully exercised, would marginally increase promoter group holding.