Kshitij Polyline Limited
Incorporated in 2008, Kshitij PolylineLtd manufactures and sells laminationand stationery products
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Kshitij Polyline Limited has announced the departure of its Company Secretary and Compliance Officer, Nikita Dhaval Mehta. She has stepped down from her operational role, leaving a key managerial position vacant. For retail shareholders, changes in core compliance personnel are important governance updates to track, as the company will need...
Kshitij Polyline extended its Rights Issue closure to September 9. The ₹19.56 Cr issue, offering 6.17 crore shares at ₹3.17 each, will now list on September 15. This gives investors more time.
Kshitij Polyline will raise ₹19.56 Cr via a rights issue of 6.17 Cr shares at ₹3.17 each. Funds will primarily repay ₹15.06 Cr in borrowings, enhancing financial flexibility and supporting general corporate needs. This follows FY26's strong revenue growth to ₹44.75 Cr and ₹3.55 Cr profit.
Kshitij Polyline revised its Rights Issue. It will now issue 6.17 Cr shares (vs 9.25 Cr) at ₹3.17 each, raising ₹19.56 Cr (vs ₹29.34 Cr). Funds for debt repayment are now ₹15.06 Cr, reflecting the reduced capital raise.
Kshitij Polyline is launching a ₹29.34 Cr rights issue at ₹3.17/share (2 for 5) to repay ₹22.53 Cr debt and for general corporate use. FY26 saw a strong turnaround from loss to a ₹3.55 Cr profit, boosted by a new manufacturing unit and higher sales. Promoters are not participating.