We hereby inform you that the Board of Directors of Knowledge Marine & Engineering Works Limited at its meeting held on May 29, 2026, has considered and approved (a) Audited Standalone ....
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The Board approved audited consolidated results for FY26 ending March 31, 2026. Total revenue grew 32% to Rs. 27,185.55 lakhs from Rs. 20,588.31 lakhs. Net profit after tax surged 59.5% to Rs. 7,910.50 lakhs. EPS improved to Rs. 34.57 from Rs. 20.29. The company also approved appointment of M/s. M S K A & Associates LLP as new statutory auditor for 5 years, replacing M/s. LKJ & Associates LLP. A postal ballot is being initiated for related party transaction ratification and increased limits for investments/loans under Section 186. Auditors highlighted Rs. 24.89 crores outstanding from Dredging Corporation of India for over one year as an emphasis of matter, though no provision was made. Operating cash flow turned negative at Rs. -20,040.24 lakhs due to large increases in financial assets and loans.
Strong revenue and profit growth signals solid operational performance, but deeply negative operating cash flow raises concerns about cash conversion. The outstanding receivables from DCI and auditor change require monitoring. Shareholders should vote on related party transactions and auditor appointment at AGM.