Kshitij Polyline Limited has informed the Exchange regarding Outcome of Board Meeting held on June 23, 2025 wherein the Board of Director approved :a. To increase the Authorized Share Capital of the Company from existing Rs. 20,00,00,000/-(divided into 10,00,00,000 Equity Shares of Rs. 2 each) to Rs. 50,00,00,000.b. Approved to issue of 6,52,44,398 (Six Crore Fifty‐Two Lakhs Forty‐Four Thousand ThreeHundred Ninety‐Eight) fully paid-up equity shares of face value of Rs. 2/- each, on a preferentialbasis to certain identified persons for cash consideration and / or by way of conversion ofunsecured loan into equity, whichever applicable.c. The proposal to conduct Postal Ballot process for seeking approval of the shareholders of theCompany for the aforesaid agenda items.
KSHITIJPOL · price
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Kshitij Polyline's board, at its meeting on June 23, 2025, approved raising the authorized share capital from Rs. 20 crore to Rs. 50 crore (from 10 crore to 25 crore equity shares of Rs. 2 each). The board also approved a preferential allotment of 6,52,44,398 equity shares (about 6.52 crore) at Rs. 4 per share — including a Rs. 2 premium over the Rs. 2 face value — aggregating roughly Rs. 26.10 crore. The shares will be issued to 18 identified allottees, all from the non-promoter group, comprising individuals and companies. A portion of the consideration will be paid in cash, while the rest will come from conversion of existing unsecured loans into equity. The company will seek shareholder approval through a postal ballot process.
Existing shareholders will face dilution once the preferential shares are allotted, but the conversion of unsecured loans into equity could strengthen the balance sheet by reducing debt. The move is subject to shareholder and regulatory approvals, and the stock may see short-term pressure due to the dilutive issue at a price above face value.