Kshitij Polyline Reports Fund Utilization Status Following Preferential Allotment
Kshitij Polyline Limited has confirmed the utilization status of proceeds raised from its Preferential Allotment, confirming no deviation or variation in the use of funds during the quarter ended on September 30, 2025.The company sourced a total amount of 26,09,77,592 through Preferential Allotment on Private Placement basis. The allotment dates noted were August 27, 2025, August 29, 2025, and August 30, 2025, with the Listing Date set for November 14, 2025.
The utilization breakdown provided details regarding how the funds allocated for various corporate purposes were utilized:
| Purpose of Fund | Original Allocation Amount | Funds Utilized |
|---|---|---|
| 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 | - |
| General Corporate Purpose | 3,63,85,192 | 1,44,10,569 |
The report indicates that for the conversion of unsecured loans into equity and repayment of unsecured loans, the funds were fully utilized as per the original allocation. For the general corporate purpose, a portion of the originally allocated amount was utilized.
KSHITIJPOL Stock Price Movement
Kshitij Polyline Limited shed 4.87% in trading, closing today at the Post-Market price of ₹3.71. The stock recorded a total traded volume of 381,379 shares during the session.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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