Kshitij Polyline Completes Governance Shifts, Submits Audited Financial Results; Clarifies Q4 Reporting

Kshitij Polyline Completes Governance Shifts, Submits Audited Financial Results; Clarifies Q4 Reporting​

Kshitij Polyline Limited has made several significant updates regarding its governance structure and the submission of audited financial results. The company finalized key appointments following a board meeting held on May 30, 2025, while simultaneously clarifying aspects related to its recently submitted financial performance.

Governance and Auditing Appointments​

At the Board of Directors meeting conducted on May 30, 2025, Kshitij Polyline made several executive and compliance appointments. The company approved the audited standalone and consolidated financial results for the quarter and fiscal year ending March 31, 2025, noting that the statutory auditors had issued an unmodified opinion on these results.

Key operational changes include:

• Secretarial Audit: M/s. Ronak Jhuthawat & Co was appointed as the Secretarial Auditor for a period of five years, commencing from the financial year 2025-2026.
• Internal Audit: M/s. Valawat & Associates was appointed as the Internal Auditor for the Financial Year 2025-2026.
• Management Change: The board reviewed and approved the resignation of Mrs. Nikita Dhaval Mehta, who served as Company Secretary and Compliance Officer. Following this change, Mrs. Sarita Khamwani was appointed as the new Company Secretary & Compliance Officer.

Financial Results Clarification​

The company issued clarifications regarding the submission process for its financial results, which were submitted prior to the clarification date of July 4, 2026.

Regarding queries concerning the submissions:

• Signatory Authority: It was confirmed that the financial results were duly signed by Mr. Mahendra Kumar Jain, Executive Director and Chairperson, and Ms. Vineeta Jain, Executive Director of the Company. Certified true copies evidencing this authorization have been provided.
• Format Compliance: The company addressed observations related to non-compliance with the prescribed format due to missing balancing figure notes. The required disclosure/note has since been incorporated in the revised financial results, ensuring full compliance.
• Submission Delay: The delay in submission was stated as purely inadvertent and unintentional, and the company confirmed that appropriate steps were being taken to prevent recurrence and had paid the penalty for the delay.

Furthermore, a clarification provided later indicated that the figures presented for the fourth quarter of the financial year were derived by balancing the audited results for the full financial year against the published year-to-date figures up to the third quarter.

Financial Highlights (Standalone Results)​

The Audited Standalone Financial Results for the period ending March 31, 2025, showed specific performance metrics compared to the previous fiscal year and interim periods.

The standalone results comparing the audited status as of March 31, 2025, versus the audited status as of March 31, 2024 are summarized below (figures in Lakhs):


The Standalone Cash Flow Statement for the year ended March 31, 2025, showed a Net cash inflow from operating activities of (A), resulting in total cash and cash equivalents of 22.08 at the end of the year, compared to a starting balance of 1033 Lakhs for that period.

Consolidated Financial Standing​

The company’s consolidated financial statements also reflect various figures across multiple reporting periods. For instance, one subsidiary/associate reflected Group's Share of total assets of Rs. 68.12 Lakh and Share of profit of Rs. 185.29 Lakh for the period from April 1, 2024, to March 31, 2025.

KSHITIJPOL Stock Price Movement​

On Friday, shares of Kshitij Polyline Limited surged by 4.85% to settle at ₹4.10, buoyed by strong market performance. The equity saw robust activity during the session, with a total traded volume registering 11.17 million shares.