Kshitij Polyline rights issue 2026: price, dates

What Kshitij Polyline announced

Kshitij Polyline Ltd has announced a rights issue to raise funds from existing shareholders. The issue is priced at ₹3.17 per equity share, with a face value of ₹2 per share. Eligible shareholders will receive Rights Entitlements (REs) based on the record date holdings. The entitlement ratio stated is 2 rights equity shares for every 5 fully paid-up equity shares held. The record date mentioned for determining eligibility is August 19, 2026.

The rights issue details shared across the provided material include the issue size, the schedule for credit of REs, subscription dates, and tentative post-issue timelines such as allotment, credit of shares, and listing. The information also includes the RE trading symbol and application routes such as ASBA and other supported channels.

Issue size, price, and number of shares

As per the issue details, the rights issue comprises 6.17 crore equity shares aggregating to ₹19.56 crore. The price is ₹3.17 per rights equity share. A corrigendum is also referenced, which reduces the proposed rights issue to 61,697,950 shares at ₹3.17 each, aggregating ₹19.5583 crore, compared with ₹29.3374 crore previously stated.

Separately, the material also contains an earlier statement describing a rights issue of 92,546,925 equity shares aggregating up to ₹29.34 crore. The corrigendum language indicates that the reduced size is the updated figure while the entitlement ratio is retained.

Entitlement ratio and who is eligible

The entitlement ratio stated is 2:5, meaning eligible shareholders are offered 2 rights equity shares for every 5 fully paid-up equity shares held on the record date. The record date is August 19, 2026, and the ex-date is also stated as August 19, 2026. The content further notes that investors who bought the shares on or before August 18, 2026 would be eligible to receive REs, consistent with the ex-date and record date mechanics.

The rights entitlement ratio is repeated across the documents, including the company’s exchange intimation that the Board of Directors approved the rights issue in the ratio of 2:5 and set the issue price at ₹3.17 per share.

Key dates: record date, RE credit, and issue window

The provided schedule states that Rights Entitlements are expected to be credited to eligible demat accounts on August 24, 2026. The issue opens on August 27, 2026 and closes on September 4, 2026. The deemed date of allotment is September 7, 2026, after which equity shares are expected to be credited to demat accounts on September 8, 2026. Listing of the rights shares on NSE is expected on September 9, 2026.

A separate schedule in the material also states an “Issue Period” of August 27, 2026 to September 9, 2026, with an RE trading period of August 27, 2026 to September 4, 2026, and tentative dates of allotment (September 10, 2026), credit (September 11, 2026), and listing (September 15, 2026). These are described as tentative in that table.

Corrigendum: reduction in issue size

One of the most important updates in the text is the corrigendum that reduces the proposed rights issue. It states the revised issue size as 61,697,950 shares at ₹3.17 each, aggregating ₹19.5583 crore, compared with ₹29.3374 crore previously stated. The entitlement ratio is stated to remain unchanged at 2:5.

The presence of both sets of numbers in the provided information suggests that investors tracking the issue should rely on the latest corrected figures and the final schedule published for the offer, while also noting that different summaries may still reflect the earlier proposed size.

Rights Entitlements (REs) and trading symbol

The material states that eligible shareholders will receive Rights Entitlements (REs) in their demat accounts. It also provides an RE symbol: KSHITIJPOL-RE. A table in the content states the RE trading period as August 27, 2026 to September 4, 2026.

The information also clarifies that REs themselves are not the shares. Shareholders must apply for the rights shares using the REs and pay the issue price of ₹3.17 per share to the company to receive the rights equity shares.

How shareholders can apply

The text lists multiple ways to apply for the rights shares once REs are credited or purchased from the market. These include:

• Online via Netbanking ASBA (Applications Supported by Blocked Amount)
• Online RWAP facility provided by the company RTA
• Offline by submitting the application form through a Self-Certified Syndicate Bank (SCSB)

The process described aligns with standard rights issue mechanics where an investor uses REs (or applies through the entitlement) and blocks funds via ASBA or submits a physical ASBA form, depending on their bank’s facilities.

Summary table: key terms and dates mentioned

Market impact: what this means for shareholders

For existing shareholders, the key practical impact is eligibility and timeline. Shareholders on the record date (August 19, 2026) are eligible to receive REs, which can be used to apply for rights shares by paying the issue price. The ratio of 2:5 sets the scale of entitlement relative to current holdings.

The corrigendum reducing the issue size from about ₹29.34 crore to about ₹19.56 crore is a material change in the fundraising quantum, while keeping the entitlement ratio the same. This update is important for investors tracking the total number of new shares proposed in the issue and reconciling different summaries that may still show the earlier figure.

Company contact details provided

The material also provides an address and contact number:

• Address: 33 Dimple Arcade Basement, Near Asha Nagar Kandivali (East), Off W E Highway, Kandivali East, Mumbai, 400101
• Phone: 912245144087

Analysis: what to watch in the schedule

The schedule appears in more than one form in the provided text, with one set of dates pointing to a September 4 close and September 9 listing, and another table indicating a September 9 close and September 15 listing as tentative. Investors typically track the final basis of allotment date, credit date, and listing date as published in the final issue timetable.

The consistent elements across the material are the issue price (₹3.17), the face value (₹2), the entitlement ratio (2:5), and the record date (August 19, 2026). The corrigendum explicitly highlights a reduced issue size, which is the most significant numerical update in the information provided.

Conclusion

Kshitij Polyline’s rights issue is priced at ₹3.17 per share with a 2:5 entitlement ratio and an August 19, 2026 record date. The provided schedule points to RE credit on August 24 and an issue window starting August 27, while a corrigendum reduces the issue size to about ₹19.56 crore. Investors will likely track the finalised closing date, allotment, and listing timeline as per the definitive issue schedule published for the offer.