Kshitij Polyline Extends Rights Issue Closing Date to Sep 9
Kshitij Polyline Limited has extended its Rights Issue closing date from September 4, 2026, to September 9, 2026. The issue aims to raise up to ₹1,955.83 lakh by offering 61,697,950 equity shares at ₹3.17 each. This extension shifts the allotment and listing dates accordingly.
The extension of a rights issue closing date is a routine procedural update. While it affects the timeline, it does not inherently change the terms or the overall success of the issue, hence having a minimal impact on the company's stock.
The announcement is a procedural update regarding the extension of a rights issue closing date. It does not contain information that positively or negatively impacts the company's fundamental business or financial performance.
Kshitij Polyline Limited has announced a corrigendum to its Letter of Offer dated August 20, 2026, regarding its proposed Rights Issue. The Board of Directors, in a meeting held on August 29, 2026, approved an extension of the Rights Issue closing period. The issue, which involves up to 61,697,950 fully paid-up Equity Shares of face value ₹2 each, was originally set to close on Friday, September 4, 2026. It has now been extended to Wednesday, September 9, 2026, by an additional five days.
The total amount for the Rights Issue is not exceeding ₹1,955.83 lakh, with an issue price of ₹3.17 per share. This extension impacts several subsequent dates in the issue schedule.
The revised issue schedule now lists the Last Date for On Market Renunciation of Rights Entitlements as Friday, September 4, 2026 (previously September 1, 2026). The Issue Closing Date is extended to Wednesday, September 9, 2026 (previously September 4, 2026). Consequently, the Date of Finalisation of Basis of Allotment and Date of Allotment have been moved to Thursday, September 10, 2026 (previously September 7, 2026). The Date of Credit of Rights Equity Shares is now Friday, September 11, 2026 (previously September 8, 2026), and the Date of Listing is revised to Tuesday, September 15, 2026 (previously September 9, 2026).
This corrigendum has been filed with SEBI and the Stock Exchanges and will be available on their respective websites, as well as the company's website.
A plain-language summary of a public exchange filing by Kshitij Polyline Limited. Read the original for the full detail.