Revised Letter of Offer submitted for proposed Rights Issue

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AI summary

Kshitij Polyline has submitted a Revised Letter of Offer dated August 20, 2026 for its proposed Rights Issue, incorporating amendments from a Corrigendum to the original offer dated August 18, 2026. The issue involves up to 6.16 crore equity shares at Rs 3.17 each (including Rs 1.17 premium over Rs 2 face value), aggregating up to Rs 1,955.83 lakhs. Eligible shareholders can subscribe in the ratio of 2 Rights Shares for every 5 held. Record date is August 19, 2026. Issue opens August 27 and closes September 4, 2026.

Likely market impact

Eligible shareholders can subscribe at Rs 3.17 per share in ratio 2:5. Issue opens Aug 27, 2026 and closes Sep 4, 2026.