Kshitij Polyline Limited — Others, 23-07-2025: Shareholders meeting

Kshitij Polyline's shareholders have approved an increase in the company's authorized share capital. They also sanctioned the issuance of 6,52,44,398 new equity shares through a preferential allotment to 18 non-promoter investors. This capital raise, totaling approximately Rs. 26.10 Cr, will be achieved through a mix of cash infusion and conversion of existing unsecured loans into equity. This move aims to strengthen the company's financial position and provide capital for its business operations, while also reducing outstanding debt.