Kshitij Polyline Rights Issue Size Reduced to ₹19.56 Crore

Date: August 20, 2026

Board Meeting Outcomes

The Board of Directors of Kshitij Polyline Limited approved a corrigendum to the Letter of Offer for the company's rights issue at its meeting held on August 20, 2026. The corrigendum incorporates consequential revisions and corrections arising from the revision in the proposed Rights Issue structure.

Rights Issue Details (Revised)

The revised Rights Issue comprises 61,697,950 Rights Equity Shares (reduced from 92,546,925 shares) at an Issue Price of ₹3.17 per Rights Equity Share. The aggregate Issue Size is reduced to ₹1,955.83 Lakhs (₹19.56 crore) from ₹2,933.74 Lakhs (₹29.34 crore).

The Rights Entitlement remains unchanged at 2 (Two) Rights Equity Shares for every 5 (Five) fully paid-up Equity Shares held by Eligible Equity Shareholders as on the Record Date of Wednesday, August 19, 2026.

Capital Structure Impact

• Post-Issue paid-up Equity Share Capital (assuming full subscription): 215,942,824 Equity Shares (reduced from 246,791,799 shares)
• Aggregate face value after issue: ₹4,318.86 Lakhs (reduced from ₹4,935.84 Lakhs)
• Securities Premium Account after issue: ₹4,254.38 Lakhs (reduced from ₹4,615.31 Lakhs)
• Ex-rights price per Equity Share as per SEBI Takeover Regulations: ₹4.45

Fund Allocation (Revised)

Gross proceeds from the Issue: ₹1,955.83 Lakhs

Net Proceeds after estimated Issue Expenses: ₹1,905.83 Lakhs (reduced from ₹2,883.74 Lakhs)

Revised allocation of Net Proceeds:

• Repayment and/or prepayment of certain outstanding borrowings: ₹1,505.83 Lakhs (reduced from ₹2,253.08 Lakhs)
• General corporate purposes: ₹400.00 Lakhs (reduced from ₹630.66 Lakhs)

Funds are scheduled for deployment in Fiscal 2027.

Issue Expenses

Total estimated Issue Expenses: ₹50.00 Lakhs (2.56% of gross proceeds)

Breakdown:

• Brokerage, selling commission and upload fees: ₹1.00 Lakh (2.00%)
• Registrar to the Issue fees: ₹3.00 Lakh (6.00%)
• Legal advisors and other professional service providers: ₹20.00 Lakh (40.00%)
• Advertising, marketing and shareholder outreach: ₹3.00 Lakh (6.00%)
• Regulator fees (Stock Exchanges, SEBI, depositories): ₹17.00 Lakh (34.00%)
• Printing, stationery, distribution, postage: ₹5.00 Lakh (10.00%)
• Other expenses including miscellaneous and stamp duty: ₹1.00 Lakh (2.00%)

Schedule Update

The Last Date for Credit of Rights Entitlements has been revised to Monday, August 24, 2026 (from Thursday, August 20, 2026).

Authority and Background

The Rights Issue was authorized by the Board in meetings held on Thursday, August 13, 2026 and subsequently on Thursday, August 20, 2026. The revisions were necessitated by the identification of inadvertent typographical errors in the Rights Issue ratio stated in previous intimations to the Stock Exchange.

Disclosure Compliance

This corrigendum is filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document will be filed with SEBI and the Stock Exchanges and made available on their respective websites.