NSEGeneral Updates20 Aug 2026 · 20 Aug 2026, 11:19 pm
General Updates
Kshitij Polyline Limited · KSHITIJPOL
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Kshitij Polyline Limited has submitted a corrigendum to its letter of offer dated August 18, 2026, relating to a proposed rights issue of up to 61,697,950 equity shares at ₹3.17 per share, with a rights entitlement of 2 shares for every 5 shares held by eligible equity shareholders as on the record date.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Kshitij Polyline Limited has informed the Exchange about Submission of Corrigendum to Letter of Offer dated August 18, 2026 in relation to the proposed Rights Issue of the Company
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KSHITIJPOL_20082026231823_Covering_Revised_Corrigendum.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 20, 2026
The General Manager
Capital Market (Listing)
National Stock Exchange of India Ltd
Address: Exchange Plaza, Bandra-Kurla Complex,
Bandra (East), Mumbai-400051.
Symbol: KSHITIJPOL
Subject: Submission of Corrigendum to Letter of Offer dated August 18, 2026 in relation to the
proposed Rights Issue of the Company.
Reference: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements), Regulations, 2015.
Dear Sir / Madam,
With reference to the Letter of Offer dated August 18, 2026 (“Original Letter of Offer”) issued by Kshitij
Polyline Limited (“Company”) in relation to the proposed Rights Issue of the Company, we hereby submit
the Corrigendum to the Letter of Offer approved by the Board of Directors of the Company at its meeting
held on August 20, 2026.
The Corrigendum incorporates the consequential revisions and corrections arising pursuant to the revision
in the proposed Rights Issue, including the number of Rights Equity Shares, aggregate Issue Size, post-Issue
paid-up Equity Share Capital, Issue Proceeds, Net Proceeds, revised allocation towards the Objects of the
Issue, estimated Issue Expenses and other consequential and incidental disclosures.
Pursuant to the aforesaid revision, the Rights Issue shall comprise 61,697,950 Rights Equity Shares at an
Issue Price of ₹3.17 per Rights Equity Share, aggregating up to ₹1,955.83 Lakhs, with the Rights Entitlement
remaining at 2 (Two) Rights Equity Shares for every 5 (Five) fully paid-up Equity Shares held by the Eligible
Equity Shareholders as on the Record Date.
Thanking you,
Request you to kindly take the aforementioned information on your 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
THIS IS A CORRIGENDUM TO LETTER OF OFFER FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE AN INVITATION OR AN OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES.
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 the 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
CORRIGENDUM TO THE LETTER OF OFFER DATED AUGUST 18, 2026 (THE “LETTER OF OFFER” /
“LOF”) AND NOTICE TO INVESTORS (THE “CORRIGENDUM”)
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
RIGHT ISSUE OF UPTO 61697950 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 ₹ 1,955.83 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 THE LETTER OF OFFER.
*Assuming full subscription in the Issue. Subject to finalisation of Basis of Allotment.
This is with reference to the Letter of Offer (“LOF”) filed by the Company with the National Stock Exchange of India Limited
(the “Stock Exchange”) and the Securities and Exchange Board of India (“SEBI”) (for information purpose only). Applicants /
Investors may note the following modifications to the disclosures in the Letter of Offer and the same may be taken as updated
and included in the Letter of Offer.
This Corrigendum is being issued to inform the Eligible Equity Shareholders and other concerned persons about certain revisions
in the proposed Rights Issue, including the number of Rights Equity Shares, total Issue Size, post-Issue paid-up share capital
and Objects of the Issue. The aforesaid revisions are being made pursuant to the identification of inadvertent typographical errors
in the Rights Issue ratio stated in the intimation(s) submitted to the Stock Exchange and other related documents, which
necessitated corresponding revisions in the aforesaid particulars to accurately reflect the intended and approved Rights Issue
structure. Except for the changes specifically set out in this Corrigendum, all other terms, conditions and disclosures contained
in the Letter of Offer shall remain unchanged.
The following disclosure in Letter of Offer dated August 18, 2026 will be modified as above and would be read as follows in all
of the pages stated below:
1. On the cover page of the Letter of Offer, under the heading “THE ISSUE”, the Total Number of Right Equity Shares offered
shall be read as “61697950” instead of “92546925”, and the aggregate amount of Issue Size shall be read as “₹ 1,955.83
Lakhs” instead of “₹ 2,933.74 Lakhs”.
2. On the cover page of the Letter of Offer, under the heading “ISSUE SCHEDULE”, the “LAST DATE FOR CREDIT OF
RIGHTS ENTITLEMENTS” shall be read as “MONDAY, AUGUST 24, 2026” instead of “THURSDAY, AUGUST 20,
2026”.
3. In SECTION I – GENERAL - DEFINITIONS AND ABBREVIATIONS, under the “ISSUE RELATED TERMS”, in the
definition of “Issue / Rights Issue” on page No. 6 of the Letter of Offer, the Total Number of Right Equity Shares offered
shall be read as “61697950” instead of “92546925”, and the aggregate amount of Issue Size shall be read as “₹ 1,955.83
Lakhs” instead of “₹ 2,933.74 Lakhs”.
4. In SECTION I – GENERAL - DEFINITIONS AND ABBREVIATIONS, under the “ISSUE RELATED TERMS”, in the
definition of “Issue Size” on page No. 6 of the Letter of Offer, the Total Number of Right Equity Shares offered shall be
read as “61697950” instead of “92546925”, and the aggregate amount of Issue Size shall be read as “₹ 1,955.83 Lakhs”
instead of “₹ 2,933.74 Lakhs”.
5. In SECTION IV – INTRODUCTION & PARTICULARS OF THE ISSUE - THE ISSUE, on page No. 35 of the Letter of
Of
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