Statement of deviation(s) or variation(s) under Reg. 32

Regd. Office: Office No. 33, Dimple Arcade, Near Sai Dham Temple, Thakur Complex, Kandivali East, Mumbai – 400101 Mfg. Unit: Survey No. 110/1/13-14 & 11-12, Amli Village, 66. K.V.A. Road, Opp. Lane to Silvassa Municipal Council, Silvassa (U.T) of Dadra and Nagar Haveli and Daman and Diu – 396230 Email: info@kshitijpolyline.co.in | Website: www.kshitijpolyline.co.in | Tel: +91-22-45144087 CIN: L25209MH2008PLC180484 Date: November 5, 2026 The Manager, National Stock Exchange Limited Address: Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai-400051. Symbol: KSHITIJPOL Subject: Disclosure in terms of Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirement) regulations, 2015. Dear Sir/Ma’am, Pursuant to Regulation 32(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with related SEBI Circular, we hereby confirm that there is no deviation or variation in the utilization of proceeds of the Right Issue of the Company during the quarter ended on September 30, 2026. Please find enclosed herewith a statement in this regard. Kindly take the same on your records. For Kshitij Polyline Limited Mahendra Kumar Jain Executive Director DIN: 09765526 Address: Office no. 33, Dimple Arcade, Near Sai Dham Temple, Thakur Complex, Kandivali East, Mumbai – 400101. Mfg. of: PP, PVC, HIPS/PS, ABS, HDPE, Sheets & Films, PVC Profiles & Other Stationery items. A WORLD OF PLASTIC SHEETS & FILM Regd. Office: Office No. 33, Dimple Arcade, Near Sai Dham Temple, Thakur Complex, Kandivali East, Mumbai – 400101 Mfg. Unit: Survey No. 110/1/13-14 & 11-12, Amli Village, 66. K.V.A. Road, Opp. Lane to Silvassa Municipal Council, Silvassa (U.T) of Dadra and Nagar Haveli and Daman and Diu – 396230 Email: info@kshitijpolyline.co.in | Website: www.kshitijpolyline.co.in | Tel: +91-22-45144087 CIN: L25209MH2008PLC180484 Statement of Deviation or Variation in utilisation of funds raised through Right Issue for the Quarter ended September 30, 2026 [Pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular for compliance with the provisions of the LODR Regulations] Name of Listed Entity Kshitij Polyline Limited Mode of Fund Raising Right Issue Date of Fund Raising May 08, 2026 Amount Raised Rs. 18,98,41,431 (Rupees Eighteen Crores Ninety-Eight Lakhs Forty-One Thousand Four Hundred and Thirty-One Only). Report filed for Quarter ended September 30, 2026 Monitoring Agency Applicable Monitoring Agency Name Brickwork Ratings India Private Limited Is there a deviation / variation in use of funds No raised If yes, whether the same is pursuant to changes Not Applicable in terms of a contract or objects, which was approved by the shareholders If Yes, Date of Shareholders Approval Not Applicable Explanation for the Deviation/Variation Not Applicable Comments of the Audit Committee after review No deviation / variation observed. The Audit Committee reviewed the statement at its meeting held on November 05, 2026. Comments of the auditors, if any Nil Mfg. of: PP, PVC, HIPS/PS, ABS, HDPE, Sheets & Films, PVC Profiles & Other Stationery items. A WORLD OF PLASTIC SHEETS & FILM Regd. Office: Office No. 33, Dimple Arcade, Near Sai Dham Temple, Thakur Complex, Kandivali East, Mumbai – 400101 Mfg. Unit: Survey No. 110/1/13-14 & 11-12, Amli Village, 66. K.V.A. Road, Opp. Lane to Silvassa Municipal Council, Silvassa (U.T) of Dadra and Nagar Haveli and Daman and Diu – 396230 Email: info@kshitijpolyline.co.in | Website: www.kshitijpolyline.co.in | Tel: +91-22-45144087 CIN: L25209MH2008PLC180484 Objects for which funds have been raised and where there has been a deviation / variation, in the following table: Original Modified Original Modified Funds Amount of Remarks, if Object Object, if Allocation Allocation, Utilised Deviation / any any (₹ Lakhs) if any (₹Lakhs) Variation (₹Lakhs) for the quarter according applicable object (₹Lakhs) Repayment Not 1505.83 Not 1505.83 Nil Nil and/or Applicable Applicable Prepayment, in full or in part, of certain outstanding borrowings availed by Company General Not 342.58 Not 342.58 Nil Nil corporate Applicable Applicable purposes Issue Not 50.00 Not 50.00 Nil Nil expenses Applicable Applicable Total 1898.41 1898.41 Mfg. of: PP, PVC, HIPS/PS, ABS, HDPE, Sheets & Films, PVC Profiles & Other Stationery items. A WORLD OF PLASTIC SHEETS & FILM