Knowledge Marine receives Rs 149.99 crore preferential proceeds

Knowledge Marine & Engineering Works Limited received the full Rs 149.99 crore consideration from its preferential equity issue on August 4, 2026, and allotted the shares on the same day. The transaction followed board approval on June 26, 2026, while total equity stood at Rs 780.974 crore on September 30, 2026.

What did Knowledge Marine’s preferential issue involve?

Knowledge Marine approved a preferential issue aggregating Rs 149.99 crore at its June 26, 2026 board meeting. The issue comprised equity shares with a face value of Rs 5 each, issued at Rs 1,962.53 per share, including a premium of Rs 1,957.53 per share. The financial-statement note identifies the fundraise as an equity issue rather than a borrowing or operating receipt.

The issue price consisted of Rs 5 face value and Rs 1,957.53 premium per equity share. Knowledge Marine did not state in the supplied filing how it intended to deploy the Rs 149.99 crore, the identity of the allottees or the number of shares issued. Those details therefore cannot be established from this announcement.

When did Knowledge Marine receive and allot the money?

Knowledge Marine received the entire Rs 149.99 crore consideration on August 4, 2026 and allotted the equity shares on the same date. The filing says the allotment was made through a circular resolution of the board, following receipt of the full consideration rather than through staged instalments.

The funding event fell within the half-year ended September 30, 2026, whose unaudited results were approved by the board on November 6, 2026. The statutory auditor carried out a limited review of the quarterly and half-year statements. The filing therefore records the August receipt and allotment within the September 2026 reporting period.

How did Knowledge Marine’s equity change after the issue?

Knowledge Marine’s total equity rose to Rs 780.974 crore at September 30, 2026 from Rs 545.2193 crore at March 31, 2026, an increase of Rs 235.7547 crore. Equity share capital increased by Rs 46.01 lakh to Rs 12.6822 crore, while other equity increased by Rs 235.2946 crore to Rs 768.2918 crore.

The total-equity increase should not be treated as arising solely from the Rs 149.99 crore preferential issue. Knowledge Marine also reported profit after tax of Rs 77.8554 crore for the half-year ended September 30, 2026, compared with Rs 17.129 crore in the corresponding half-year of 2025. The supplied statement does not reconcile the movement in other equity between the August share issue, half-year earnings and other entries.

What do Knowledge Marine’s cash flow and balance sheet show?

Knowledge Marine reported Rs 157.8973 crore as proceeds from issue of equity shares in its half-year cash-flow statement, while the notes state that Rs 149.99 crore was received under the August 4 preferential issue. The filing does not explain the Rs 7.9073 crore difference between those figures, so it cannot be assigned to a particular transaction from the available disclosure.

Net cash generated from operating activities was Rs 97.6638 crore in the half-year ended September 30, 2026, compared with Rs 3.2198 crore a year earlier. Investing activities used Rs 218.0873 crore, including Rs 312.8475 crore spent on property, plant and equipment, capital work-in-progress and capital advances. Financing activities generated Rs 90.5902 crore, compared with Rs 46.0132 crore in the prior-year half-year.

Cash and cash equivalents were Rs 10.5632 crore at September 30, 2026, down from Rs 40.3965 crore at March 31, 2026. Bank balances other than cash equivalents increased to Rs 186.872 crore from Rs 1.2993 crore, while capital work-in-progress rose to Rs 333.8522 crore from Rs 99.1595 crore. The reported figures show equity inflows and operating cash generation alongside higher investment outflows during the half-year.

How did Knowledge Marine’s operating results compare?

Knowledge Marine reported revenue from operations of Rs 179.9797 crore for the half-year ended September 30, 2026, up from Rs 80.7091 crore in the corresponding half-year of 2025. Total income rose to Rs 192.8545 crore from Rs 81.8762 crore, while profit before tax increased to Rs 85.2766 crore from Rs 21.1588 crore.

Profit after tax reached Rs 77.8554 crore for the September 2026 half-year, compared with Rs 17.129 crore a year earlier. Total expenses increased to Rs 107.578 crore from Rs 60.7174 crore, including depreciation and amortisation of Rs 12.3912 crore versus Rs 6.2176 crore. Finance costs were Rs 8.1134 crore, compared with Rs 5.9995 crore in the prior-year period.

The September-quarter comparison differed from the preceding June quarter. Revenue from operations was Rs 64.566 crore in the quarter ended September 30, 2026, lower than Rs 115.4137 crore in the June 2026 quarter, while quarterly profit after tax was Rs 17.0319 crore versus Rs 60.8235 crore. The supplied filing provides the reported figures but does not explain the sequential movement.

Conclusion

Knowledge Marine’s September 2026 financial position reflected both the August equity funding event and higher reported half-year earnings. Total equity increased by Rs 235.7547 crore from March 31, while profit after tax was Rs 77.8554 crore and operating cash generation was Rs 97.6638 crore. This was accompanied by Rs 312.8475 crore of spending on property, plant and equipment, capital work-in-progress and capital advances.

The next disclosed event is the share subdivision approved by shareholders on September 30, 2026. Knowledge Marine set November 6, 2026 as the record date to split each Rs 5 face-value share into five shares of Rs 1 each, and said earnings per share for all presented periods had been retrospectively adjusted for the subdivision.