NSEGeneral Updates2d ago · 18 Aug 2026, 02:45 pm
General Updates
Kshitij Polyline Limited · KSHITIJPOL
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Kshitij Polyline Limited has informed the Exchange about Letter of Offer for the Rights Issue of Equity Shares of the Company.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
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Full Announcement
Kshitij Polyline Limited has informed the Exchange about Letter of Offer for the Rights Issue of Equity Shares of the Company
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KSHITIJPOL_18082026144501_Intimation_of_LOF.pdf
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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: +91-22-45144087/46076837
CIN: L25209MH2008PLC180484
Date: August 18, 2026
Listing Compliance Department
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex,
Bandra East, Mumbai – 400051.
Dear Sir,
Subject: Letter of Offer for the Rights Issue of Equity Shares of the Company
Ref: Kshitij Polyline Limited (Symbol: KSHITIJPOL; ISIN: INE013801027)
The Company has proposed a Rights Issue of 92546925 fully paid-up Equity Shares of the face value of Rs.
2/- each aggregating to an amount not exceeding Rs. 2,933.74 Lakh on rights basis to the eligible
shareholders of the Company, at a price of Rs. 3.17/- per equity share including a share premium of ₹ Rs.
1.17 per rights equity share in the ratio of 2 (Two) Rights Equity Shares for every 5 (Five) fully paid-up
Equity Shares held by eligible shareholders as on the Record Date i.e. Wednesday, August 19, 2026.
Please find enclosed the soft copy of the Letter of Offer dated August 18, 2026, issued in relation to the
Rights Issue. The Company is also submitting this Letter of Offer with securities and Exchange Board of
India (“SEBI”) for its information, in compliance with the SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018, as amended, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-
1/P/CIR/2025/31 dated 11th March, 2025.
The above information is also available on the Company’s website i.e. www.kshitijpolyline.co.in along with
material contracts and documents for inspection in relation to the Rights Issue.
You are requested to take the same on records.
For Kshitij Polyline Limited
Mahendra Kumar Jain
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
Letter of Offer
Dated: August 18, 2026
For Eligible Equity Shareholders Only
KSHITIJ POLYLINE LIMITED
Corporate Identification Number: L25209MH2008PLC180484
Our Company was originally incorporated as “Kshitij Polyline Private Limited” on March 26, 2008 under the provisions of Companies Act, 1956 vide certificate of
Incorporation issued by Registrar of Companies, Mumbai. Consequent upon the conversion of our Company into public limited company, the name of our Company was
changed to “Kshitij Polyline Limited” vide fresh certificate of incorporation dated on January 19, 2018 issued by Registrar of Companies, Mumbai. The Corporate
Identification Number of our Company is L25209MH2008PLC180484. The Registered Office of the Company was shifted from 417/418, Dimple Arcade, Near Sai Dham
temple, Thakur Complex, Kandivali (East), Mumbai - 400101 to 33 Dimple Arcade Basement, Near Asha Nagar Kandivali (East) OFF W E Highway, Mumbai, Kandivali
East, Maharashtra, India, 400101 on August 1, 2024. For details of changes in our Name and Registered Office of the Company and other details, kindly refer to the section
titled “General Information” beginning on page no. 37 of this Letter of Offer.
Registered Office: 33 Dimple Arcade Basement, Near Asha Nagar Kandivali (East) OFF W E Highway, Mumbai, Kandivali East, Maharashtra, India, 400101
Website: www.kshitijpolyline.co.in; E-Mail: compliance@kshitijpolyline.co.in; Telephone No: +91-22-45144087/46076837
Company Secretary and Compliance Officer: Ms. Nikita Dhaval Mehta
OUR PROMOTERS
MR. BHARAT HEMRAJ GALA, MR. HEMRAJ BHIMSHI GALA AND MRS. RITA BHARAT GALA
FOR PRIVATE CIRCULATION TO THE ELIGIBLE EQUITY SHAREHOLDERS OF KSHITIJ POLYLINE LIMITED (OUR “COMPANY” OR THE
“ISSUER”) ONLY
THE ISSUE
RIGHT ISSUE OF UPTO 92546925 FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ₹ 2.00 EACH (“EQUITY SHARES” OR “RIGHTS EQUITY
SHARES) OF KSHITIJ POLYLINE LIMITED (“KPL” OR THE “COMPANY” OR THE “ISSUER” OR “OUR COMPANY”) FOR CASH AT A PRICE OF ₹
3.17 PER RIGHTS EQUITY SHARE INCLUDING A SHARE PREMIUM OF ₹ 1.17 PER RIGHTS EQUITY SHARE (THE “ISSUE PRICE”) AGGREGATING
UP TO ₹ 2,933.74 LAKHS* (“THE ISSUE ”) ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF OUR COMPANY IN THE RATIO OF
2 (TWO) RIGHTS EQUITY SHARES FOR EVERY 5 (FIVE) FULLY PAID-UP EQUITY SHARES HELD BY THE ELIGIBLE EQUITY SHAREHOLDERS
ON THE RECORD DATE, THAT IS ON WEDNESDAY, AUGUST 19, 2026 (THE "ISSUE"). FOR FURTHER DETAILS, SEE “TERMS OF THE ISSUE”
BEGINNING ON PAGE 65 OF THIS LETTER OF OFFER.
*Assuming full subscription in the Issue. Subject to finalisation of Basis of Allotment.
WILFUL DEFAULTERS AND/OR FRAUDLENT BORROWERS
Neither our company, nor our Promoters, or Directors are or have been categorized as wilful defaulters or fraudulent borrowers by bank or financial institutions (as defined
under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters or fraudulent borrowers issued by the Reserve Bank of India.
GENERAL RISK
Investment in equity and equity related securities involve a degree of risk and investors should not invest any funds in the Issue unless they can afford to take the risk with
such investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Issue. For taking an investment decision, investors must
rely on their own examination of our Company and the Issue including the risks involved. The securities being offered in the Issue have not been recommended or approved
by the Securities and Exchange Board of India (“SEBI”) nor does SEBI guarantee the accuracy or adequacy of this Letter of Offer. Specific attention of the investors is
invited to the section titled “Risk Factors” on page 20 of this Letter of Offer.
COMPANY’S ABSOLUTE RESPONSIBILITY
Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Letter of Offer contains all information with regard to our Company and
the Issue, which is material in the context of the Issue, and that the information contained in this Letter of Offer is true and correct in all material aspects and is not
misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this
Letter of Offer as a whole or any such information or the expression of any such opinions or intentions misleading in any material respect.
LISTING
The existing Equity Shares are listed on the National Stock Exchange of India Limited (“NSE” or “Stock Exchange”). Our Company has received ‘in-principle’ approvals
from NSE for listing the Rights Equity Shares to be allotted pursuant to this Issue vide its letter August 12, 2026. Our Company will also make an application to the NSE to
obtain the trading approval for the Rights Entitlements as required under the SEBI ICDR Master Circular. For the purpose of this Issue, the Designated Stock Exchange is
NSE.
REGISTRAR TO THE ISSUE
KFIN TECHNOLOGIES LIMITED
Address: Selenium Tower-B, Plot No. 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally,
Hyderabad, Telangana – 500 032
Tel: +91-40-6716-2222/18003094001;
Email ID: kshitij.rights@kfintech.com
Website: www.kfintech.com
Investors Grievance E-mail: einward.ris@kfintech.com
Contact Person: Mr. M Murali Krishna
SEBI Registration Number: INR000000221
CIN: L72400MH2017PLC444072
Validity of Registration: Permanent
ISSUE SCHEDULE
LAST DATE FOR CREDIT OF RIGHTS ENTITLEMENTS THURSDAY, AUGUST 20, 2026
ISSUE OPENING DATE THURSDAY, AUGUST 27, 2026
LAST DATE FOR ON MARKET RENUNCIATION OF RIGHTS ENTITLEMENTS* TUESDAY, SEPTEMBER 1, 2026
ISSUE CLOSING DATE** FRIDAY, SEPTEMBER 4, 2026
DATE OF FINALISATION OF BASIS
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