NSEGeneral Updates2d ago · 18 Aug 2026, 02:45 pm

General Updates

Kshitij Polyline Limited · KSHITIJPOL

✦ AI SummaryFundraise

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
Market Sentiment6/10

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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 [Showing first 8,000 characters — download PDF for full document]