Designated Persons Sell Shares of Knowledge Marine & Engineering Works Limited
Designated persons have sold a total of 5,12,820 equity shares of Knowledge Marine & Engineering Works Limited (KMEW). The sales were executed in the Open Market and represent transactions involving the company's directors and members of the promoter group.The designated individuals involved in the share sale are Kanak Kewalramani and Dinesh Kewalramani. These transactions reflect changes in the holdings of key personnel within the company structure, according to the disclosures.
Kanak Kewalramani, identified as a Whole-time Director, Chief Financial Officer (CFO), and Promoter, sold 3,45,620 equity shares. Prior to the disposal, his holding stood at 71,42,470 shares, representing 29.22% of the company's stock. Following the sale, his shareholding reduced to 67,96,850 shares, or 27.81%. The transaction for these shares was conducted at a value of Rs. 67,82,86,162.40.
Dinesh Kewalramani, who holds the designation of Chief Operational Officer (COO) and is part of the Promoter Group, also sold equity shares. He disposed of 1,67,200 equity shares. Before this transaction, his holding was 8,17,800 shares, corresponding to a 3.35% stake. After the sale, his shareholding stood at 6,50,600 shares, or 2.66%. The value of the securities disposed by him amounted to Rs. 32,80,46,918.32.
The details of the equity share disposals by the designated persons are presented in the table below:
| Name | Designation | Shares Sold (No.) | Prior Holding (%) | Post-Sale Holding (%) | Sale Value |
|---|---|---|---|---|---|
| Kanak Kewalramani | Whole-time Director, CFO & Promoter | 3,45,620 | 29.22% | 27.81% | Rs. 67,82,86,162.40 |
| Dinesh Kewalramani | Chief Operational Officer & Promoter Group | 1,67,200 | 3.35% | 2.66% | Rs. 32,80,46,918.32 |
The transactions were executed on the Open Market and are recorded as sales of equity shares through BSE.
KMEW Stock Price Movement
On Friday, shares of Knowledge Marine and Engineering Works Limited gained 0.96%, settling at ₹2072.9. The stock traded within a daily range of ₹1965 to ₹2129 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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