Promoters Sell Shares of Knowledge Marine & Engineering Works Ltd; Total Holding Decreases to 51.56%
Promoters in the Knowledge Marine & Engineering Works Limited successfully executed an open market transaction involving the sale of equity shares, resulting in a reduction of their collective holding percentage. The sale was conducted on June 19, 2026, with the company being listed on BSE and NSE.The total sale involved 5,12,820 equity shares through a bulk open market transaction. This disposal saw two key promoters participate in the transaction: Kanak Kewalramani and Dinesh Kewalramani, who belong to the Promoter Group.
Kanak Kewalramani sold 3,45,620 equity shares, while Dinesh Kewalramani sold 1,67,200 shares. These sales contributed to a total reduction in the promoters' stakeholding in Knowledge Marine & Engineering Works Limited (KMew).
Prior to the open market sale, the combined holding of the Promoters and Promoter Group stood at 1,31,15,749 shares, representing 53.66% of the company's total voting capital. Following the disposal, the collective holding of the promoters decreased to 1,26,02,929 shares, or 51.56%.
The transaction details for the key selling parties are summarized below:
| Promoter Name | Shares Sold | Pre-Sale Holding (% diluted) | Post-Sale Holding (% diluted) |
|---|---|---|---|
| Kanak Kewalramani | 3,45,620 | 29.22% | 27.81% |
| Dinesh Kewalramani | 1,67,200 | 3.35% | 2.66% |
The sale was recorded as an Open Market Sale - Bulk Deal and remains within the scope of a substantial acquisition/disposal transaction under relevant regulations for Knowledge Marine & Engineering Works Limited.
KMEW Stock Price Movement
Knowledge Marine & Engineering Works Limited sees shares surge as of 1:48 PM, gaining 2.38% to trade at ₹2386.60 while pushing toward a massive intraday high. The stock has hit its 52-week peak amid robust market interest, with over 109,000 shares traded so far in live trading.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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