NSEDisclosure under SEBI Takeover Regulations19 Jun 2026 · 19 Jun 2026, 03:51 pm
Disclosure under SEBI Takeover Regulations
Kshitij Polyline Limited · KSHITIJPOL
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Kshitij Polyline Limited announced a disclosure under SEBI Takeover Regulations from its promoter, Bharat Hemraj Gala. The declaration, made pursuant to Regulation 31(4), confirms that the promoter and the promoter group did not encumber any company shares during the financial year ended March 31, 2026. This means no promoter shares were pledged as collateral for loans during the period. For investors, this signals stability within the promoter group, reducing concerns about potential selling pressure arising from invoked share pledges.
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Bharat Hemraj Gala has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Date: April 06, 2026
To, To,
The General Manager, Audit Committee
National Stock Exchange of India Limited Kshitij Polyline Limited
Exchange Plaza, 33 Dimple Arcade Basement, Near Asha Nagar,
Bandra-Kurla Complex, OFF WE Highway, Kandivali (East)
Bandra (East), Mumbai-400051. Mumbai - 400101
Symbol: KSHITIJPOL
Subject: Declaration under Re1mlation 31(4) of the Securities and Exchanee Board of
India (Substantial Acquisition of Shares and Takeovers) Re2J1lations. 2 o1 1.
Dear Sir/ Madam,
Pursuant to the provisions of Regulation 31(4) of SEBI (Substantial Acquisition of Shares &
Takeover) Regulations, 2011. I, Mr. Bharat Hemraj Gala, the Promoters of Kshitij Polyline
Limited ("the Company"), along with the Promoter/ Promoter Group and Persons Acting in
Concert with me, hereby declare that we have not made any encumbrance, directly or indirectly,
during the Financial Year ended March 31, 2026 in respect of the shares of the Company held by
Details of the Promoters and Promoter Group during the Financial Year ended March 31, 2026,
are attached as Annexure I.
I further declare that as on date, we do not hold any shares in the Company.
Kindly take the same on record.
Thanking You,
Yours faithfully,
FOR AND ON BEHALF OF
PROMOTERS AND PROMOTER GROUP OF
KSHITIJ POLYLINE LIMITED
Promoter
Place: Mumbai
CC: Chairperson of Audit Committee and
Annexure I
Sr. Category Name of entities belonging to No. of Shares
Promoter /Promoter Group Encumbered
1. Promoter Bharat Hemrai Gala -
2. Promoter Hemra; Bhimshi Gala -
3. Promoter Rahul Devshi Shah -
4. Promoter Rita Bharat Gala -
5. Promoter Group Amrutben Hemrai Gala
6. Promoter Group Kai pesh Gala
7. Promoter Group Kshitika Bharat Gala
8. Promoter Group Manasvi Bharat Gala
9. Promoter Group Maniula Raiesh Gala
10. Promoter Group Rajesh Gala
11. Promoter Group Bharat Hemraj Gala (HUF)
12. Promoter Group Kshitii E Stores Ventures Private Limited
13. Promoter Group Sparion Infrastructure Private Limited
14. Promoter Group Lucky Plastics & Stationery Ltd.
15. Promoter Group Chetan Devshi Shah
16. Promoter Group Devshi Shah
17. Promoter Group Manilal Bhimshi Gala
18. Promoter Group Shantiben Dharmashi Savla
19. Promoter Group Mital Gala
20. Promoter Group Gala Jewels