Kshitij Polyline Limited — Others, 23-06-2025: Shareholders meeting

Kshitij Polyline Limited has announced a board meeting to approve an increase in authorized share capital from Rs. 20 Cr to Rs. 50 Cr (divided into 25 Cr equity shares of Rs. 2 each) to support its business expansion and fund-raising plans. The company plans to raise up to Rs. 26.1 Cr through a preferential allotment of 6.52 Cr equity shares at Rs. 4 per share to identified non-promoter investors via cash and conversion of unsecured loans. Proceeds will be used primarily for loan repayment, working capital, and general corporate purposes. There will be no change in company control post-issue. Shares allotted will rank equally with existing ones and be subject to lock-in as per regulations.