KMKnowledge Marine & Engineering Works543273Reclassification update

Application shared with BSE and NSE for reclassification of certain promoter and promoter group members to public category

Knowledge Marine & Engineering Works has submitted an application to BSE and NSE on October 26, 2026 to reclassify certain members of its promoter and promoter group into the public category.

By ScoutQuest · Mon 26 Oct 2026, 9:21 PM IST · 2 min read

Application Date

October 26, 2026

Total shares of withdrawn members

180 shares, shown as "Negligible" shareholding

Individual holdings of withdrawn members

Pankaj Gurbani holds 150 shares, Bharti Mukesh Daswani 30 shares, and the other seven hold 0 shares (0.00%)

What the update says

• On October 26, 2026 the company submitted an application to BSE Limited and the National Stock Exchange of India Limited seeking their approval for the proposed reclassification of certain members of its promoter and promoter group.
• The application follows the Board's approval of the reclassification request, which the company had communicated through its letters dated October 19 and October 21, 2026.
• The disclosure is made under Regulation 31A read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What reclassification means

• A company's shareholders are grouped into categories. Promoter and promoter group members are treated separately from public shareholders, and this split is reported to the exchanges.
• Reclassification means moving a person or entity out of the promoter and promoter group category and treating them as a public shareholder. Under Regulation 31A, this needs stock exchange approval.
• Until that approval comes, the members covered by the application continue to be counted in the promoter and promoter group category.

Who is not part of this application

• Nine members withdrew their reclassification requests, so the company has excluded them from the present application.
• Pankaj Gurbani – 150 shares; Bharti Mukesh Daswani – 30 shares.
• Divya Chandnani, Jasmine Andnani, Narayandas Gurbani, Lalit Gurbani, Viyan Kewalramani, Viya Kewalramani and Tanya Karamchandani – 0 shares each, shown as 0.00%.
• Their total comes to 180 shares, shown in the update as "Negligible" shareholding.

Why it matters to a small investor

• The promoter and promoter group category is watched closely because it signals who controls and steers the company. Any shift in that category changes how the ownership structure is presented in exchange updates.
• The proposed reclassification is still at the application stage. It becomes effective only after the exchanges approve it, so the current category-wise shareholding continues as it is for now.

What to watch

• The exchanges' decision on the application.
• Any further disclosure from the company once the reclassification is approved, showing the resulting category-wise shareholding.

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