Kshitij Polyline has confirmed that there was no deviation or variation in the utilization of proceeds from its preferential issue during the quarter ended September 30, 2025. The disclosure, submitted to the National Stock Exchange of India Limited, confirms that the funds raised were used strictly in accordance with the original objects approved by the shareholders. The company raised a total of ₹26,09,77,592 through a preferential allotment on a private placement basis.

The preferential allotment dates were August 27, 2025, August 29, 2025, August 30, 2025, and September 1, 2025, with the shares listing on November 14, 2025. The company stated that the monitoring agency was not applicable for this fund-raising exercise. Consequently, there were no comments from the audit committee or auditors regarding any deviation in the utilization of funds.

The utilization of funds was categorized into four main objects: conversion of unsecured loans into equity, repayment of unsecured loans, contribution towards working capital, and general corporate purposes. The company reported that the full amount allocated for loan conversion and repayment was utilized during the period. The funds for working capital and general corporate purposes were utilized partially or remained unutilized as per the original allocation plan.

Utilization of Preferential Issue Proceeds

The statement was signed by Mahendra Kumar Jain, Chairman & CFO of Kshitij Polyline, on July 7, 2026. The confirmation ensures compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has taken the necessary steps to ensure that the exchange records reflect this compliance status.

Kshitij Polyline Limited has confirmed that its promoters and promoter group did not create any encumbrance on their shareholdings during the financial year ended March 31, 2026. The declaration, submitted to the National Stock Exchange of India Limited, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure provides shareholders with assurance regarding the unencumbered status of promoter-held capital during the specified period.

Bharat Hemraj Gala, a promoter of the company, filed the declaration on April 06, 2026, on behalf of the promoters and promoter group. The filing explicitly states that no shares held by the promoters, promoter group, or persons acting in concert were encumbered directly or indirectly throughout FY26. Furthermore, the declaration notes that as of the date of the filing, the promoters do not hold any shares in the company.

The disclosure includes a detailed list of all entities falling under the promoter and promoter group categories. The attached annexure identifies 19 distinct entities, ranging from individual promoters to group entities and private limited companies. All listed entities reported zero encumbered shares for the financial year under review.

Promoter and Promoter Group Details

The following table outlines the entities within the promoter and promoter group of Kshitij Polyline Limited and their respective encumbrance status for the financial year ended March 31, 2026.

The filing was addressed to the General Manager of the National Stock Exchange of India Limited and the Audit Committee of Kshitij Polyline Limited. A copy was also marked to the Chairperson of the Audit Committee for record-keeping purposes.