Knowledge Marine & Engineering Works Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Kanak Sujay Kewalramani, Promoter and Whole-time Director & CFO, has filed the annual Regulation 31(4) disclosure on behalf of the Promoter and Promoter Group. As of March 31, 2025, the Promoter and Promoter Group collectively hold 65,55,235 equity shares of the company. The filing confirms that none of these promoter-held shares have been encumbered (pledged or otherwise charged) directly or indirectly during the financial year ended March 31, 2025. The disclosure also lists all 2 promoters and 22 promoter group persons/entities covered under this declaration.
This is a neutral-to-mildly positive disclosure for investors, as it confirms that the promoter group has not pledged any of their holdings, reducing near-term risk of forced selling or margin calls. Shareholders can take comfort from the clean, unencumbered promoter shareholding.