Kshitij Polyline Limited has informed the Exchange regarding allotment of 15750000 securities pursuant to Preferential Issue at its meeting held on September 01, 2025
KSHITIJPOL · price
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Kshitij Polyline Limited has allotted 1,57,50,000 (1.575 crore) securities to certain investors under a Preferential Issue. The allotment was approved at the company's board meeting held on September 1, 2025. This is part of a privately placed share/security issuance to selected investors rather than a public offering. The company has informed the NSE about the completion of this allotment.
This preferential allotment will increase the share capital of the company and dilute existing shareholders' ownership depending on the issue price. Investors should monitor what the company plans to use the funds for and whether the issue was priced fairly relative to market price.