In a recent update, Sujay Kewalramani, the Chief Executive Officer (CEO) of Knowledge Marine & Engineering Works Limited (KMEW), acquired 565 equity shares in the company through an open market transaction. The transaction was completed on December 2, 2024, and the total value of the purchase amounted to INR 12,57,131. This acquisition brings Sujay Kewalramani’s total shareholding in the company to 6,345 equity shares, representing 0.058% of the company’s total equity.

This move was executed in compliance with the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015, ensuring transparency and adherence to the law. The transaction was disclosed to the BSE and NSE, as required under Regulation 7(2) and Regulation 6(2) of the SEBI Insider Trading Regulations. The acquisition was made on the NSE (National Stock Exchange), underlining Kewalramani's commitment to KMEW’s future and his confidence in the company’s performance.

This disclosure, in the form of Form C, was filed by Knowledge Marine & Engineering Works Limited, with the Listing Department of BSE and NSE, ensuring all stakeholders are kept informed of significant changes in the shareholding of designated persons. These disclosures are in line with the company's Code of Conduct for Prohibition of Insider Trading, which mandates that such acquisitions by designated persons must be reported to the stock exchanges.

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By acquiring these additional shares, Kewalramani demonstrates his belief in the long-term growth prospects of Knowledge Marine & Engineering Works, a company known for its expertise in shipbuilding, repairs, and marine contracting. KMEW continues to expand its presence in the marine industry and plays a pivotal role in India’s maritime sector.

For further updates on shareholding disclosures and market transactions related to KMEW, keep following the latest announcements through the BSE and NSE. Stay informed about the company’s performance and developments by visiting our regular updates on Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi.

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