Ashish Kacholia-owned Knowledge Marine shares jump 4% on Rs 303 crore order win; stock up 67% in 2026

Knowledge Marine secures a Rs 303 crore dredging contract, boosting shares, while investors await its five-for-one stock split effective following the November record date.

The stock pared some of its gains but continued to trade in positive territory. Knowledge Marine shares ended at Rs 3,224 apiece, up 4.17% from the previous close of Rs 3,094.80 on the NSE.

The counter has delivered strong returns so far in 2026, gaining around 67%, according to NSE data.

Notably, veteran investor Ashish Kacholia held 5,74,721 shares, representing a 2.275% stake in Knowledge Marine & Engineering Works, as of the end of September 2026.

Knowledge Marine bags Rs 303 crore order from New Mangalore Port Authority

The upward movement in the company's share price came after Knowledge Marine & Engineering Works announced that it had received a work order from New Mangalore Port Authority for maintenance dredging at New Mangalore Port.

According to the company's regulatory filing, the contract covers a period of three years, spanning FY27, FY28 and FY29.

The work order is valued at Rs 303.17 crore, inclusive of GST.

The company disclosed the order win pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations.

Knowledge Marine stock split: Record date announced

Separately, Knowledge Marine & Engineering Works had fixed Friday, November 6, 2026, as the record date for the sub-division or split of its existing equity shares.

Under the proposed share split, one fully paid-up equity share with a face value of Rs 5 each will be subdivided into five fully paid-up equity shares with a face value of Re 1 each.

The resulting shares will rank pari passu in all respects.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here