Promoters Sell 2.10% Stake In Marine Crafts Engineering Stock Through Bulk Deal; FII And DII Holdings Increase

On Thursday, Indian benchmark indices traded higher, with the Nifty 50 rising 164.95 points, or 0.69 per cent, to 24,186.15. Amid the positive market sentiment, Knowledge Marine & Engineering Works (KMEW) share price gained 0.85 per cent to Rs 2,337.10 during the session.

Promoters Sell 5.13 Lakh Shares Through Bulk Deal

Knowledge Marine & Engineering Works Limited informed the exchanges that members of its promoter group have sold 5,12,820 equity shares, representing 2.10 per cent of the company's equity share capital, through an open market bulk deal.

The transaction was executed on June 19, 2026, with promoter Kanak Kewalramani selling 3,45,620 equity shares, while promoter group member Dinesh Kewalramani sold 1,67,200 equity shares.

Knowledge Marine Promoter Holding Declines

Following the transaction, the combined promoter and promoter group shareholding declined from 53.66 per cent (1,31,15,749 equity shares) to 51.56 per cent (1,26,02,929 equity shares).

Individually, Kanak Kewalramani's stake reduced from 29.22 per cent to 27.81 per cent, while Dinesh Kewalramani's holding declined from 3.35 per cent to 2.66 per cent. The holdings of the remaining promoter group members remain unchanged.

Knowledge Marine Institutional Shareholding

Despite the promoter stake sale, institutional ownership in the company has strengthened over the past few quarters. As of the March 2026 shareholding pattern, Foreign Institutional Investors (FIIs) increased their stake to 11.75 per cent from 11.00 per cent in the December 2025 quarter. Domestic Institutional Investors (DIIs) also raised their holding to 1.71 per cent from 0.46 per cent during the same period.

Promoters held 53.63 per cent of the company as of March 2026, while the public shareholding stood at 32.91 per cent.
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About Knowledge Marine

Knowledge Marine & Engineering Works Ltd (KMEW) is an integrated marine infrastructure company engaged in dredging, marine engineering, port operations and maritime Logistics services. The company provides specialised solutions to ports, government agencies and private sector clients through a diversified fleet comprising dredgers, tugs, barges, survey vessels and other marine assets.

Over the years, KMEW has expanded its presence across the maritime infrastructure value chain by executing projects related to capital and maintenance dredging, beach nourishment, coastal protection, channel deepening, vessel chartering and marine transportation. The company continues to benefit from increasing investments in India's port-led infrastructure development, inland waterways and coastal shipping initiatives.

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Disclaimer: The article is for informational purposes only and not investment advice.