Kshitij Polyline Limited Reports No Deviation in Fund Utilization for Quarter Ended March 31, 2026
Kshitij Polyline Limited has confirmed that there were no deviations or variations in the utilization of proceeds from its Preference Issue during the quarter ended March 31, 2026. The company reported that the funds raised were deployed in accordance with the original objectives disclosed during the fund-raising period.The company raised a total of 26,09,77,592 through a Preferential Allotment on a Private Placement basis. The allotment dates spanned from August 27, 2025, to September 1, 2025, with the subsequent listing occurring on November 14, 2025.
The financial details regarding the fund utilization for the period are outlined in the table below:
| Original Objects | Original Allocation | Funds Utilized | Amount of Deviation / Variation |
|---|---|---|---|
| Conversion of Unsecured Loans into equity | 11,54,36,824 | 11,54,36,824 | - |
| Repayment of unsecured loans | 1,15,00,000 | 1,15,00,000 | - |
| Towards Working Capital | 9,76,55,576 | 9,76,55,576 | - |
| General Corporate Purpose | 3,63,85,192 | 3,63,85,192 | - |
The report confirms that the actual utilization of funds aligns perfectly with the original allocations for each respective category. There were no modifications to the objects or changes in the terms of contracts related to the fund-raising documents. The company remains consistent in its deployment of capital across conversion of unsecured loans into equity, repayment of unsecured loans, working capital requirements, and general corporate purposes.
KSHITIJPOL Stock Price Movement
Kshitij Polyline Limited shares today slipped by 4.96% to settle at ₹2.49 in post-market trading. The stock saw 1.65 million shares change hands as it drifted toward the bottom of its daily range.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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