Kshitij Polyline Clarifies Financial Reporting Queries, Appoints New Auditors
Kshitij Polyline Limited clarified financial reporting issues, confirming authorized signatories and format compliance. The company appointed M/s. Ronak Jhuthawat & Co. as Secretarial Auditor and M/s. Valawat & Associates as Internal Auditor for FY 2025-26. Mrs. Sarita Khamwani was appointed as Company Secretary & Compliance Officer following Ms. Nikita Dhaval Mehta's resignation.
The announcement addresses procedural and compliance matters, along with standard auditor and key management appointments, which are unlikely to have a significant immediate impact on the company's operations or stock price.
The announcement is a clarification of previous submissions and a routine update on appointments, with no significant positive or negative financial or operational news.
Kshitij Polyline Limited has provided clarifications to the National Stock Exchange of India regarding queries raised on financial results submitted on June 26, 2026. The company addressed concerns about the financial results not being signed by authorized signatories, not being submitted in the prescribed SEBI format, and delays in submission.
Regarding the signing of results, the company stated that Mr. Mahendra Kumar Jain, Executive Director and Chairperson, and Ms. Vineeta Jain, Executive Director, are authorized to sign the financial results as per Regulation 33(2)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with certified true copies of their authorization attached. The company also confirmed that the issue regarding the absence of a balancing figure note in the format has been addressed by incorporating the required disclosure in the revised financial results.
Concerning the delay in submission, Kshitij Polyline Limited attributed it to inadvertence and unintentional oversight, expressing regret and assuring that steps are being taken to prevent recurrence. The company also mentioned that a penalty for the delay has already been paid. They reiterated that the figures for the last quarter are derived as balancing figures between the audited results for the full financial year and the published year-to-date figures up to the third quarter.
In separate announcements from a Board Meeting held on May 30, 2025, the company approved the Audited Financial Results for the quarter and financial year ended March 31, 2025, with an unmodified audit opinion from statutory auditors M/s. VRCA & Associates. The Board also approved the appointment of M/s. Ronak Jhuthawat & Co. as Secretarial Auditor for five years from FY 2025-26 and M/s. Valawat & Associates as Internal Auditor for FY 2025-26. Furthermore, Ms. Nikita Dhaval Mehta resigned as Company Secretary & Compliance Officer, and Mrs. Sarita Khamwani was appointed to the role.
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Kshitij Polyline Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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