Knowledge Marine & Engineering Works Limited has informed the Exchange regarding Notice of Postal Ballot
KMEW · price
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Knowledge Marine & Engineering Works Limited (KMEW), a shipbuilder and marine contractor, has issued a Postal Ballot Notice seeking shareholder approval to raise its borrowing limit from Rs. 500 Crores to Rs. 1,200 Crores — more than doubling the existing cap set at the September 2024 AGM. The company says the additional headroom is needed to fund existing operations and planned business expansion and growth. The Postal Ballot is being conducted entirely via remote e-voting through MUFG Intime, open from February 14, 2026 to March 15, 2026, with results to be announced by March 17, 2026. Members as of the cut-off date of February 10, 2026 are eligible to vote. The resolution also covers creating charges, mortgages, or hypothecation on the company's movable and immovable assets to secure such borrowings.
This signals that KMEW is preparing for a major scale-up funded largely through debt, which could accelerate growth if executed well but also raises leverage and interest burden risk for shareholders. Existing investors should track the e-voting outcome and any subsequent fundraising announcements to gauge how the expanded limit will be used.