Kshitij Polyline Limited — Proxy Solicitation & Information Statement 2025

Jul 17, 2025

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Regd. Office: 33, Dimple Arcade Basement Near Asha Nagar, Off W E Highway, Kandivali East, Mumbai -4000101 Mfg. Unit: Survey No. 110/1/13-14 & 11-12, Amli Village, 66. K.V.A. Road, Opp. Lane to Silvassa Municipal Council, Silvassa (U.T) of Dadra and Nagar Haveli and Daman and Diu – 396230 Email: info@kshitijpolyline.co.in | Website: www.kshitijpolyline.co.in | Tel: +91-22-45144087/46076837 CIN: L25209MH2008PLC180484

Date: July 17, 2025

To,

The General Manager , National Stock Exchange of India Limited Address: Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai-400051.

Symbol: KSHITIJPOL

Subject: Corrigendum to the Postal Ballot Notice of Kshitij Polyline Limited circulated to shareholders on July 16, 2025:

Reference: Intimation dated June 23, 2025, and July 04, 2025:

Dear Sir/Madam,

This is in continuation to the Notice of Postal Ballot of the Company dated June 23, 2025, and Corrigendum dated July 04, 2025, which has already been emailed to all the shareholders of the Company on June 23, 2025, and July 04, 2025, respectively.

A Corrigendum is being issued today to inform all the Shareholders to whom the Notice of Postal Ballot has been sent regarding changes in the Explanatory Statement.

A copy of detailed Corrigendum is enclosed herewith. The said Corrigendum is also being published in the respective newspapers and also being uploaded on the website of the Stock Exchange and Company at www.kshitijpolyline.co.in

Except as detailed in the attached Corrigendum, all other items of the Postal Ballot Notice along with Explanatory Statement dated June 23, 2025, and Corrigendum dated July 04, 2025, shall remain unchanged.

Please note that on and from the date hereof, the Postal Ballot Notice dated June 23, 2025, shall be read collectively with Corrigendum dated July 04, 2025, and this current Corrigendum.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we kindly request you to take into record the above submissions and the attached Corrigendum.

Kindly take this information on your records and acknowledge the receipt.

For KSHITIJ POLYLINE LIMITED

MAHENDRA Digitally signed by MAHENDRA KUMAR JAIN KUMAR JAIN Date: 2025.07.17 13:46:16 +05'30'

____________________________

Mahendra Kumar Jain Director and Chief Financial Officer DIN: 09765526 Address: 33 Dimple Arcade Basement, Near Asha Nagar Kandivali (East) OFF W E Highway, Mumbai, Mumbai, Maharashtra, India, 400101 Date: July 17, 2025 Place: Mumbai

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Regd. Office: 33, Dimple Arcade Basement Near Asha Nagar, Off W E Highway, Kandivali East, Mumbai -4000101 Mfg. Unit: Survey No. 110/1/13-14 & 11-12, Amli Village, 66. K.V.A. Road, Opp. Lane to Silvassa Municipal Council, Silvassa (U.T) of Dadra and Nagar Haveli and Daman and Diu – 396230 Email: info@kshitijpolyline.co.in | Website: www.kshitijpolyline.co.in | Tel: +91-22-45144087/46076837 CIN: L25209MH2008PLC180484

CORRIGENDUM TO THE POSTAL BALLOT NOTICE DATED JUNE 23, 2025

To, The Shareholders of, Kshitij Polyline Limited (“KSHITIJPOL”)

Kshitij Polyline Limited (“the Company”) issued a Postal Ballot notice dated June 23, 2025, and further issued the Corrigendum to the said Postal Ballot Notice dated July 04, 2025, together with explanatory statement to the shareholders of the Company, pursuant to applicable provisions of the Companies Act, 2013 read with rules made thereunder for the purpose of seeking approval of shareholders of the Company, interalia, for, “To consider and approve the issue of equity shares to certain identified non‐promoter persons/entities & other matters related thereto for a cash consideration and / or towards conversion of existing unsecured loan into equity, whichever applicable, by way of preferential issue on private placement basis.”

This corrigendum is being in continuation of the postal ballot notice dated June 23, 2025, and corrigendum dated July 04, 2025, issued to the shareholders of the Company to provide altered details in the explanatory statement of the said postal ballot notice.

The existing content shall stand replaced with the following:

1. Point No. 15 under the heading “Necessary information or details as required in respect of the proposed issue of Equity Shares in terms of applicable provisions of the Companies Act, 2013 read with related Rules thereto and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 are as under:”; as appearing in the explanatory statement for item No. 02, shall be read as follows:

15. Practicing Company Secretary’s Certificate:

As required in Regulation 163(2) of the ICDR Regulations, a certificate from Makarand M. Joshi & Co., the Practicing Company Secretary, certifying that the issue is being made in accordance with the requirements of the SEBI (ICDR) Regulations, is available for inspection by the Members of the Company at the Registered Office of the Company on all working days between 10:30 A.M. to 6:00 P.M. up to the last day of the voting of Postal Ballot and is also uploaded at the website of the Company at weblink https://kshitijpolyline.co.in/assets/images/prissue/PCS_Certificate_V3_Final.pdf

2. Point No. 17 under the heading “Necessary information or details as required in respect of the proposed issue of Equity Shares in terms of applicable provisions of the Companies Act, 2013 read with related Rules thereto and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 are as under:”; as appearing in the explanatory statement for item No. 02, shall be read as follows:

17. Basis or justification for the price (including premium, if any) at which the offer or invitation is being made:

The Equity Shares of the Company are listed on the main board of National Stock Exchange of India Limited (‘NSE’) and are frequently traded. Accordingly, the trading volume of the shares of the Company on NSE has been considered in accordance with the SEBI (ICDR) Regulations.

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Regd. Office: 33, Dimple Arcade Basement Near Asha Nagar, Off W E Highway, Kandivali East, Mumbai -4000101 Mfg. Unit: Survey No. 110/1/13-14 & 11-12, Amli Village, 66. K.V.A. Road, Opp. Lane to Silvassa Municipal Council, Silvassa (U.T) of Dadra and Nagar Haveli and Daman and Diu – 396230 Email: info@kshitijpolyline.co.in | Website: www.kshitijpolyline.co.in | Tel: +91-22-45144087/46076837 CIN: L25209MH2008PLC180484

As per the provisions of the SEBI (ICDR) Regulations, the Equity Shares will be issued at a price of ‘4’ per Equity Share which is more than the higher of the following:

• a. Rs. 3.49 per Share – being the 90 trading days’ volume weighted average price of the Company’s shares quoted on the NSE preceding the Relevant Date: or

• b. Rs. 3.66 per Share – being the 10 trading days’ volume weighted average prices of the Company’s shares quoted on the NSE preceding the Relevant Date.

• c. Rs. 3.75 per share being the price determined under the valuation report obtained by the Company from an independent registered valuer in terms of Regulation 166A of the SEBI (ICDR) Regulations, a copy whereof is posted on the website of the Company at - -

• https://kshitijpolyline.co.in/assets/images/pr issue/V2_Valuation%20Report_KPL%20 %20NSE%20Query.pdf

3. Revised Valuation Report can be accessed on the website of the Company at - -

https://kshitijpolyline.co.in/assets/images/pr issue/V2_Valuation%20Report_KPL%20 %20NSE%20Query.pdf

Shareholders who have cast their votes prior to this corrigendum will have the opportunity to vote again on the resolutions until the final date of the postal ballot remote e-voting, namely July 23, 2025, by expressing their assent or dissent via email to the scrutinizer at csronakjhuthawat@gmail.com.

The said corrigendum will also be available on the website of the Company at https://kshitijpolyline.co.in/, National Securities Depository Limited at www.evoting.nsdl.com and on the National Stock Exchange of India at www.nseindia.com.

This Corrigendum shall be read in continuation of and in conjunction with the postal ballot notice dated June 23, 2025 and corrigendum dated.

All other contents of the said notice, save and except as amended/ modified by this corrigendum, shall remain unchanged.

For KSHITIJ POLYLINE LIMITED

Digitally signed by MAHENDRA MAHENDRA KUMAR JAIN KUMAR JAIN Date: 2025.07.17 13:46:57 +05'30'

____________________________ Mahendra Kumar Jain Director and Chief Financial Officer

DIN: 09765526

Address: 33 Dimple Arcade Basement, Near Asha Nagar Kandivali (East) OFF W E Highway, Mumbai, Mumbai, Maharashtra, India, 400101

Date: July 17, 2025 Place: Mumbai