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.

Kshitij Polyline Limited returned to profitability in FY26, reporting a Profit After Tax (PAT) of ₹3.55 crore against a loss of ₹9.30 crore in FY25. This turnaround was driven by a 46.3% increase in revenue from operations, which rose to ₹44.75 crore from ₹30.58 crore in the prior fiscal year. The company’s net worth grew by 88% to ₹62.74 crore, while total assets expanded by 67% to ₹88.19 crore, reflecting strengthened operational efficiencies and disciplined financial management.

Financial Highlights FY26

The company posted a Profit Before Tax (PBT) of ₹3.97 crore, a significant recovery from the loss of ₹9.47 crore reported in FY25. Total income for the year stood at ₹46.92 crore, up from ₹32.38 crore in the previous year.

Strategic Acquisition and Expansion

Kshitij Polyline completed full and final payment obligations for the acquisition of Omkar Speciality Chemicals Limited in accordance with the Resolution Plan approved by the National Company Law Tribunal (NCLT), Mumbai Bench. The transaction awaits the final NCLT order and completion of consequential legal formalities. Management expects this acquisition to strengthen the company's presence in the specialty chemicals segment and create opportunities for revenue diversification.

Manufacturing and Recycling Initiatives

The company expanded its manufacturing infrastructure during FY26, with Property, Plant & Equipment increasing substantially to support capacity enhancement. Additionally, Kshitij Polyline initiated expansion into the plastic recycling segment as part of its sustainability-focused growth strategy. The company is deploying advanced recycling machinery to increase capacity, support circular economy initiatives, and serve growing domestic and export demand.

Future Outlook

Kshitij Polyline has submitted a Resolution Plan for BIL Vyapar Limited under the Insolvency and Bankruptcy framework, subject to approvals from the Committee of Creditors and NCLT. Looking ahead, the company remains focused on integrating Omkar Speciality Chemicals, commissioning recycling infrastructure, and pursuing strategic inorganic growth opportunities to strengthen profitability and return on capital employed.