Kshitij Polyline Limited — Board Meeting, 23-06-2025: Outcome of Board Meeting

Kshitij Polyline has announced a board meeting to approve key corporate actions. The company plans to raise its authorized share capital from Rs. 20 Cr to Rs. 50 Cr and propose issuing 6.52 crore equity shares at Rs. 4 each, aiming to raise approx. Rs. 26.1 Cr through a preferential allotment to 18 investors via cash and conversion of unsecured loans. Shareholder approval will be sought through a postal ballot. This capital infusion is likely intended to strengthen the company’s balance sheet and support growth plans.