Kshitij Polyline Confirms No Deviation in Utilization of Funds Raised Through Preferential Allotment
Kshitij Polyline Limited has confirmed that there has been no deviation or variation in the utilization of proceeds derived from its Preference Issue, as reported for the quarter ended December 31, 2025. This confirmation pertains to funds raised through a Preferential Allotment on a Private Placement basis.The company successfully completed the fund raising via this mode, with allotment dates spanning August 27, 2025, August 29, 2025, August 30, 2025, and September 01, 2025. The Listing Date for these funds was recorded as November 14, 2025.
The total amount raised through this Preferential Allotment on Private Placement basis was 26,09,77,592. Kshitij Polyline Limited confirmed that the utilization of these proceeds remained aligned with the original objects and purposes.
The financial structure of the fund raising, covering the report filed for the quarter ended December 31, 2025, is summarized below:
| Financial Metric | Detail |
|---|---|
| Mode of Fund Raising | Preferential Allotment on Private Placement basis |
| Amount Raised | 26,09,77,592 |
| Status of Deviation | No deviation or variation in use of funds raised |
The allocation of the raised capital was originally planned across several objectives: Conversion of Unsecured Loans into equity at 11,54,36,824; Repayment of unsecured loans amounting to 1,15,00,000; Towards Working Capital with an allocation of 9,76,55,576; and General Corporate Purpose accounting for 3,63,85,192.
The company confirmed that the funds utilized were fully dedicated to these original objects.
KSHITIJPOL Stock Price Movement
Shares of Kshitij Polyline Limited slipped, shedding 4.87% to settle at ₹3.71 today following the post-market session. The stock closed down on a total traded volume of 381,379 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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