Kshitij Polyline Allots 5.98 Cr Equity Shares via Rights Issue Worth ₹18.98 Cr
Kshitij Polyline Limited approved the allotment of 5,98,86,887 equity shares via its rights issue at ₹3.17 per share. The total amount raised from this allotment is ₹18.98 crore (₹1,898.41 lakhs). The rights issue was oversubscribed by 104.85%. The company's paid-up equity share capital has consequently increased.
The rights issue will increase the company's equity base and capital, which can support future growth and operations. The amount raised is significant relative to the company's existing share capital, suggesting a medium-term impact on its financial structure.
The company successfully completed its rights issue, which was oversubscribed, leading to an increase in its equity share capital. This indicates positive investor confidence and successful capital infusion.
Kshitij Polyline Limited announced the outcome of its Board Meeting held on September 10, 2026. The Board approved the allotment of 5,98,86,887 fully paid-up equity shares, each with a face value of ₹2.00, at a price of ₹3.17 per share, including a share premium of ₹1.17. The rights issue was subscribed by 104.85% of the issue size.
The details of the rights issue indicate an issue size of 6,16,97,950 shares amounting to ₹19.56 crore (₹1,955.83 lakhs). The issue was subscribed to the extent of 6,46,92,994 shares, amounting to ₹20.51 crore (₹2,050.77 lakhs). The final allotment comprised 5,98,86,887 shares, totaling ₹18.98 crore (₹1,898.41 lakhs).
Consequent to this allotment, the company's paid-up equity share capital has increased. Pre-rights issue, the paid-up share capital stood at 15,42,44,874 shares with a face value of ₹2.00 each. Post-rights issue, the paid-up share capital is now 21,41,31,761 shares, also with a face value of ₹2.00 each.
The Board meeting commenced at 7:30 PM and concluded at 8:00 PM on September 10, 2026.
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Kshitij Polyline Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Kshitij Polyline Limited. Read the original for the full detail.