Kshitij Polyline Limited has informed the Exchange regarding allotment of 18750000 securities pursuant to Preferential Issue at its meeting held on August 29, 2025
KSHITIJPOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kshitij Polyline Limited has allotted 1.87 crore fully paid-up equity shares at ₹4 per share (face value ₹2), aggregating to ₹7.5 crores. This is the second tranche (Allotment-2) of a larger preferential issue of 6.52 crore shares approved by shareholders on July 23, 2025. Four non-promoter allottees participated — three individuals paid in cash, while Bhavishya E-Commerce Pvt Ltd received 1.25 crore shares partly through conversion of an existing unsecured loan of ₹4.19 crores and partly via cash of ₹80.4 lakhs. Post-allotment, the company's paid-up equity capital rises from ₹22.54 crores to ₹26.29 crores, representing a 16.6% increase.
The issue price of ₹4 is at a 100% premium to the face value of ₹2, indicating investor confidence. While existing shareholders face dilution, the combination of fresh cash inflow and conversion of debt into equity is expected to strengthen the company's balance sheet and reduce liabilities.