Announced Thu, 13 Aug · 19:40 IST
Kshitij Polyline board approves Rs 29.34 crore rights issue at Rs 3.17
KSHITIJPOL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹2.98
prior close
₹3.10
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.6+0.6+0.3+1.3-1.3-2.7-3.4-5.0-0.3+10.7+22.5——
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AI summary
Board approved a rights issue of 9.25 crore shares at Rs 3.17 each (2:5 ratio), raising up to Rs 2,933.74 lakh. Record date Aug 19, issue opens Aug 27 and closes Sep 4. Q1 FY27 standalone revenue rose to Rs 1,433.96 lakh from Rs 910.42 lakh; net profit up to Rs 82.22 lakh from Rs 33.37 lakh YoY.
Likely market impact
Existing shareholders must fund 40 percent more shares at Rs 3.17 each. Issue price is below book value, which may dilute per share value.