Kshitij Polyline Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2026 relating to offer and issue of fully paid-up Equity Shares by way of a Right Issue to the existing shareholders of the Company
KSHITIJPOL · price
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Kshitij Polyline Limited's Board of Directors has approved a Rights Issue of fully paid-up Equity Shares with face value of Rs. 2/- each. The issue size will not exceed Rs. 2,933.74 Lakhs (approximately Rs. 29.34 crore). The shares will be offered to existing shareholders on a pro-rata basis as on a record date to be announced later. The specific issue ratio and number of shares to be issued will be finalized at a later stage. The company manufactures plastic sheets and films including PP, PVC, HIPS/PS, ABS, and HDPE products.
This Rights Issue will dilute existing shareholders' stake unless they participate. The actual impact on stock price depends on the issue price and discount to current market price, which are yet to be determined.