Kshitij Polyline Limited — Share Issue/Capital Change 2021

Aug 24, 2021

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24[th] August, 2021

To,

The National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051

Security Code: KSHITIJPOL

Sub: Outcome of Board Meeting held for allotment of Bonus shares under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

Dear Sir/Madam,

Pursuant to regulation 30 read with Schedule III of the SEBI Listing Regulations, we wish to inform you that the board of directors (“Board”) of Kshitij Polyline Limited (“Company”), at their Meeting held on Tuesday, 24[th] August, 2021, inter alia approved the following matters:

To Allot 14,47,130 Bonus equity shares in the ratio of 1:6 (i.e. 1 (one) fully paid up Equity Share for every existing 6 Equity Shares to the eligible members of Company as on record date i.e. 17th August, 2021.

Further as per AGM Notice dated 8[th] July, 2021 alongwith Addendum of AGM Notice dated 30[th] July, 2021, the Company shall not issue any shares or certificate or Coupon in respect of such fractional shares. Hence all such fractions of bonus equity shares has been ignored.

The Board Meeting commenced at 5.00 pm (IST) & concluded at 6.00 pm (IST).

Request you to kindly take the above information on record.

Thanking you,

Yours faithfully,

For Kshitij Polyline Limited

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Bharat H. Gala Managing Director (DIN: 01994342)

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Disclosure as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 for issue of Bonus Issue:

Sr. No.	Particulars	Details
1	Whether bonus is out of free reserves	The Bonus issue is out of the share premium account.
	created out of profits or share premium	As per last Audited Book of account, Share Premium
	account?	Account is Rs. 7,13,51,956/- as on 31/3/2021.
2	Details of Pre and Post Shareholding	Pre Issue Paid-up Share Capital– 86,83,336 Equity
	Pattern	Shares of Face Value of Rs. 10/ each aggregating of Rs.
		8,68,33,360/-
		Post Issue Paid-up Share Capital– 1,01,30,466 Equity
		Shares of face Value of Rs. 10/ each aggregating of Rs.
		10,13,04,660/-
3	Bonus Ratio	Bonus issue in the ratio of 1:6 (i.e. One new Equity
		Share for existingsix equityShares).
4	Free Reserve and/or Security Premium	Rs. 1,44,71,300/- will be adjusted from security
	required for implementing the bonus issue	premium as on 31stMarch, 2021 for implementing the
		bonus issue.
5	Free Reserve and/or Security Premium	Bonus issue is out of the share premium account. As
	available for capitalization and the date as	per last Audited Book of account, Share Premium
	on which such balance is available	Account is Rs. 7,13,51,956/- as on 31/3/2021. However
		Free Reserves also available. As per last Audited Book
		of account, Free Reserve Account is Rs. 2,18,02,991/- as
		on 31/3/2021.
6	Whether the aforesaid figures are audited	All above figured and Book of account are audited till
		31/3/2021.
7	Estimate date by which such bonus shares	Expected date is 31stAugust, 2021.
	would be credited/dispatched

For Kshitij Polyline Limited

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Bharat H. Gala Managing Director (DIN: 01994342) 24th August, 2021

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