Knowledge Marine: SBI MF buys 1.64% stake (2026)

Deal snapshot from June 19 block trades

Major bulk and block deals were reported on the exchange on June 19, and Knowledge Marine & Engineering Works Limited (KMEW) was among the notable names. SBI Funds Management emerged as the buyer in a block deal, while promoter entities were the sellers. The trade stood out for its size and the fact that it involved promoter share sales.

The transaction also comes at a time when market participants are closely tracking institutional participation in smaller listed companies. For KMEW, the deal provides a fresh data point on how mutual funds are positioning amid shifting ownership trends over recent quarters.

SBI Funds Management buys 4 lakh shares

SBI Funds Management bought 4 lakh shares of Knowledge Marine & Engineering Works at Rs 1,963.17 per share. The transaction value was around Rs 78.5 crore, as reported in the block deal data.

The disclosed deal price implies institutional interest at levels close to Rs 1,963 per share. Such block trades are typically executed to complete large transactions without materially disturbing the market during normal trading, although the post-deal market price can still diverge from the block price.

Promoter entities were the sellers

On the sell side, the shares were sold by two promoter-linked individuals. Promoter Kanak Sujay Kewalramani sold 3.46 lakh shares, while Dinesh Mohanlal Kewalramani sold 1.67 lakh shares. The reported selling price was around Rs 1,962 per share.

The selling by promoter entities is an important disclosure point for investors tracking changes in promoter ownership. At the same time, the company’s reported quarterly shareholding pattern can show promoter holdings at a specific quarter-end, which may not immediately reflect mid-quarter transactions.

How promoter holding looks in filings

The shareholding pattern referenced in the data shows promoter holding at 53.63% in the March 2026 quarter. It also notes that promoter holding remained unchanged at 53.63% in the March 2026 quarter.

This is consistent with shareholding disclosures being quarter-end snapshots. A transaction on June 19, 2026 would fall outside the March 2026 quarter and would typically be reflected in subsequent disclosures, depending on reporting timelines and thresholds.

Ownership mix as of May 25, 2026

The ownership breakdown provided as of May 25, 2026 shows promoters holding 53.63% of KMEW. Foreign institutional investors (FIIs) were reported at 11.75%. Mutual funds were at 1.62%, while retail and other investors accounted for 32.90%. Other domestic institutions were listed at 0.09%.

This mix indicates that promoter ownership remains the majority stake, with meaningful FII participation and a smaller mutual fund base that has been rising relative to earlier periods shown in the summary table.

Key numbers from the June 19 deal

The June 19 block deal can be summarised through the disclosed quantities, price and value. These figures help investors compare the trade with other known transactions in the stock, including earlier bulk deals.

Stock price reference and earlier bulk deal

The data also cites that Knowledge Marine & Engineering Works’ share price on NSE is Rs 1,739.60 “today.” This reference provides context on how the prevailing market price compares with the block deal price levels.

Separately, the most recent bulk deal mentioned for the company occurred on June 24, 2025 on NSE. In that trade, 58,976 shares were traded at an average price of Rs 1,702.30, with SETU SECURITIES PVT LTD shown as the client in the dataset.

Corporate context: split and investor interest

KMEW’s stock split is also part of the recent corporate timeline referenced in the data. The stock was set to trade ex-split on December 22, 2025, with investors needing to buy shares by December 19 to benefit from the split. The split ratio was 1:2, converting each Rs 10 face value share into two Rs 5 face value shares.

The information set also notes that ace investor Ashish Kacholia holds a significant stake in the company, indicating continued investor focus on the stock.

Fundraise reference: Convergent Finance deal (Sep 2025)

A separate disclosure in the provided material refers to an investment announced on September 17, 2025. Funds advised by Convergent Finance LLP announced an investment of INR 2,400 million (Rs 240 crore) in Knowledge Marine as part of a larger fundraise of INR 2,848 million (Rs 284.8 crore) through a mix of equity shares and warrants.

It also stated that Sujay Kewalramani, the Chief Executive Officer of Knowledge Marine, was subscribing to INR 148 million (Rs 14.8 crore) worth of warrants, and that upon completion, funds advised by Convergent would hold approximately 10.3% of the company, subject to customary closing conditions including shareholder approval.

Business profile and sector backdrop

The company is described as having been incorporated in 2015 and headquartered in Mumbai, and as an ISO-certified marine company. The provided description highlights capabilities linked to dredging, ship operations, and shipbuilding.

The dataset also frames the addressable opportunity across port dredging, inland waterway dredging, a green tug build-out, and small-vessel shipbuilding as being north of Rs 6,000-8,000 crore per year over the next 5-7 years, with the green tug fleet adding longer-tenure annuity-style revenue.

What investors may track next

For investors, the immediate follow-through will be how the June 19 block deal reflects in subsequent shareholding disclosures, particularly promoter and mutual fund ownership. Another focus area is whether institutional participation continues to rise from the levels cited in the May 25, 2026 snapshot.

KMEW’s next filings and updated shareholding pattern disclosures will provide clearer visibility on the post-transaction ownership structure. Separately, earlier corporate actions such as the December 2025 stock split remain relevant for historical price and share-count comparisons when analysing longer-term stock performance.