Kshitij Polyline cuts Rights Issue size from 9.25 cr to 6.17 cr shares
KSHITIJPOL · price
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Kshitij Polyline has issued a corrigendum reducing its Rights Issue size. The number of Rights Equity Shares drops from 92,546,925 to 61,697,950, and the aggregate Issue Size falls from Rs 2,933.74 lakhs to Rs 1,955.83 lakhs. Issue Price stays at Rs 3.17 per share, and the entitlement ratio remains 2 shares for every 5 held. The revision is due to typographical errors in earlier filings. The last date to credit Rights Entitlements has shifted from August 20 to August 24, 2026. Debt repayment allocation drops to Rs 1,505.83 lakhs.
Smaller raise means less dilution; company raises less than originally planned, lowering debt repayment to Rs 1,505.83 lakhs from Rs 2,253.08 lakhs.