Date: September 21, 2026
Fund Utilization Disclosure
Kshitij Polyline Limited has utilized an amount of ₹18,48,41,000/- (Rupees Eighteen Crore Forty-Eight Lakh Forty-One Thousand only) from the funds raised through its Rights Issue.
The funds were utilized specifically towards the repayment and/or prepayment of certain borrowings availed by the Company. This utilization is in accordance with the objects of the Rights Issue as specified in the Letter of Offer dated August 20, 2026.
Rights Issue Details
The company had raised funds through allotment of 5,98,86,887 fully paid-up Equity Shares with a face value of ₹2.00 each. The shares were issued at an issue price of ₹3.17 per Rights Equity Share, which included a share premium of ₹1.17 per Rights Equity Share.
The total amount raised aggregated to ₹18,98,41,431.79 (Rupees Eighteen Crore Ninety-Eight Lakh Forty-One Thousand Four Hundred and Thirty-One and Seventy-Nine Paise only). The shares were allotted to eligible Equity Applicants/Shareholders under the Rights Issue.