Kshitij Polyline Ltd has announced the completion of the full and final payment for the acquisition of M/s Omkar Speciality Chemicals Ltd. The disclosure was made to the National Stock Exchange of India Limited on May 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The payment was processed in accordance with the Resolution Plan as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT). This development follows a previous disclosure regarding the outcome of the acquisition process dated February 11, 2026.

Acquisition Details

The acquisition of Omkar Speciality Chemicals Ltd marks a significant expansion step for Kshitij Polyline Ltd. The company has adhered to the regulatory requirements and the approved resolution plan to finalize the financial aspects of the deal.

Next Steps

Kshitij Polyline Ltd stated that it will inform the National Stock Exchange of India Limited in due course upon receipt of the final order from the NCLT. The company confirmed that this disclosure is for information and record purposes.

The Board of Directors of Kshitij Polyline has approved a proposal to issue fully paid-up equity shares through a rights issue. The announcement was made following a board meeting held on May 8, 2026, at the company's registered office. The rights issue is aimed at existing shareholders of the company as of a record date that will be notified in due course. The aggregate amount for which the securities will be issued shall not exceed Rs. 2,933.74 Lakhs. This capital raise initiative is being undertaken in accordance with the provisions of the Companies Act, 2013, the rules made thereunder, the SEBI (ICDR) Regulations, 2018, and other applicable laws.

Details of the Rights Issue

The company provided specific details regarding the securities to be issued. The rights issue will consist of equity shares with a face value of Rs. 2/- each. While the exact ratio and the total number of equity shares to be issued are yet to be finalized, the board has set a cap on the issue size. The relevant details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed in the announcement submitted to the National Stock Exchange of India Limited.

Meeting Details

The board meeting commenced at 04.00 P.M. and concluded at 04.40 P.M. on May 8, 2026. The meeting was chaired by Mahendra Kumar Jain, Chairman Director and CFO. The company confirmed that there is no cancellation or termination of any prior proposal related to this issuance. The disclosure was submitted to the National Stock Exchange of India Limited to comply with regulatory requirements under Regulation 30 of SEBI (LODR) Regulations, 2015.