Kshitij Polyline: No Deviation in Use of Funds from Preference Issue for Q4FY26
Kshitij Polyline Limited reported no deviation in the utilization of ₹26.10 crore raised via Preferential Allotment for the quarter ended March 31, 2026. Funds were allocated to equity conversion, loan repayment, working capital, and general corporate purposes.
This is a standard compliance disclosure and does not introduce new information that would significantly impact the company's stock price or operations.
The announcement is a routine regulatory filing confirming no deviation in fund utilization. It does not contain any positive or negative financial performance indicators or strategic developments.
Kshitij Polyline Limited has confirmed that there has been no deviation or variation in the utilization of proceeds from its Preference Issue during the quarter ended March 31, 2026. This disclosure is made in accordance with Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company raised ₹26,09,77,592 through a Preferential Allotment on a Private Placement basis. The allotment dates were August 27, 2025, August 29, 2025, August 30, 2025, and September 01, 2025, with the listing date on November 14, 2025.
The funds were originally allocated for Conversion of Unsecured Loans into equity (₹11,54,36,824), Repayment of unsecured loans (₹1,15,00,000), Working Capital (₹9,76,55,576), and General Corporate Purpose (₹3,63,85,192). The statement confirms that the utilization of these funds aligns with the original allocation, with no deviation reported for the quarter ended March 31, 2026.
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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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