Kshitij Polyline logo

Kshitij Polyline MD, chairman, board of directors and AGM

NSE: KSHITIJPOLHousehold ProductsSmall Cap

Last close ₹3.04down ₹0.01 (0.33%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹3.05.

52-week range of traded prices to 23 Oct 2026
₹1.88Low, 19 Jan 2026₹7.20High, 11 Jun 2026
Market cap
₹65 Cr3,428th largest listed
P/E
Owners' profit not stated
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROCE
3.9%
Debt to equity
0.28
Volume, NSE
6,85,374

Kshitij Polyline board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonMahendra Kumar Jain

6 directors4 independent2 executive

  • Mahendra Kumar Jain · ChairpersonExecutive · joined Oct 2022 · 2 listed boards · 2 committee seats
  • Vineeta JainExecutive · joined Jan 2024 · 1 listed board
  • Rushiraj Zaverbhai PatelIndependent · joined Feb 2018 · reappointed Jan 2023 · 100 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
  • Mayur Jitendra ThakarIndependent · joined Jun 2023 · reappointed Jun 2023 · 37 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Ruhini Kumar ChakrabortyIndependent · joined Jun 2023 · reappointed Jun 2023 · 37 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Rajesh Nandkishore PherwaniIndependent · joined May 2025 · 13 months as independent · 2 listed boards · 2 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Manisha Choradia, left 6 Jan 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 8 May 20266 of 6 present4 independent · 13 days in between
    • 24 Apr 20266 of 6 present4 independent · 71 days in between
    • 11 Feb 20266 of 6 present4 independent

  • Audit Committee

    Chair Mayur Jitendra Thakar

    Ruhini Kumar Chakraborty, Mahendra Kumar Jain

    • 24 Apr 20263 of 3 present2 independent · 71 days in between
    • 11 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Mayur Jitendra Thakar

    Ruhini Kumar Chakraborty, Rushiraj Zaverbhai Patel

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Ruhini Kumar Chakraborty

    Mayur Jitendra Thakar, Mahendra Kumar Jain

    • 11 Feb 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • VRCA & AssociatesPeer-review certificate valid to Mar 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Kshitij Polyline AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Kshitij Polyline share news and announcements

Annual general meeting, 29 Sep 2026

1,02,847 shareholders on the register on 22 Sep 2026; present: 0 promoters and 45 others; votes counted by CS Ronak Jhuthawat / M/s. Ronak Jhuthawat & Co.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 2.54% · promoters 0.00% · institutions 0.00% · other public 2.55%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 2.54% · promoters 0.00% · institutions 0.00% · other public 2.55%

  3. To appoint a director in place of Mrs. Vineeta Jain (DIN: 10481057), who retires by rotation at this Annual General Meeting and being eligible offers herself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 2.54% · promoters 0.00% · institutions 0.00% · other public 2.55%

  4. Re-appointed and fixing remuneration of Mrs. Vineeta Jain (DIN: 10481057) as Whole-time Director for 3 years commencing from January 30, 2027 to January 30, 2030
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 2.54% · promoters 0.00% · institutions 0.00% · other public 2.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 4 resolutions

81,794 shareholders on the register on 22 Sep 2025; present: 0 promoters and 39 others; votes counted by Dr. Ronak Jhuthawat / M/s Ronak Jhuthawat & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of he Auditors thereon.
    Ordinary
    99.08% for0.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 0.12% · promoters 0.00% · institutions 0.00% · other public 0.13%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.
    Ordinary
    98.97% for1.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.03%

    Turnout: all 0.12% · promoters 0.00% · institutions 0.00% · other public 0.13%

  3. To appoint a director in place of Mr. Mahendra Kumar Jain (DIN: 09765526), who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
    Ordinary
    94.97% for5.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.03%

    Turnout: all 0.12% · promoters 0.00% · institutions 0.00% · other public 0.13%

  4. To appoint Ronak Jhuthawat and Co, Practicing Company Secretaries as Secretarial Auditor of the Company for a term of 5 years from FY 2025-26 till FY 2029-30.
    Ordinary
    99.03% for0.97% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 0.12% · promoters 0.00% · institutions 0.00% · other public 0.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 2 Aug 2025, 1 resolution

84,432 shareholders on the register on 27 Jun 2025; votes counted by Dr. Ronak Jhuthawat / M/s Ronak Jhuthawat & Co..The company's voting result (opens in a new tab)

  1. To consider and approve the appointment of Mr. Rajesh Pherwani (DIN- 07576485) as Independent Director of the Company.
    Special
    93.37% for6.63% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.98%

    Turnout: all 0.42% · promoters 0.00% · institutions 7.06% · other public 0.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Jul 2025, 2 resolutions

84,654 shareholders on the register on 20 Jun 2025; votes counted by Dr. Ronak Jhuthawat / M/s Ronak Jhuthawat & Co..The company's voting result (opens in a new tab)

  1. To consider and approve an increase in the authorized share capital of the company and consequential amendment in the Memorandum of Association of the Company.
    Ordinary
    93.72% for6.28% against

    Against: institutions 0.00% · other public 6.53%

    Turnout: all 0.56% · institutions 7.06% · other public 0.54%

  2. To consider and approve the issue of equity shares to certain identified non-promoter persons or entities and other matters related thereto for a cash consideration and or by way of conversion of existing unsecured loan into equity, whichever applicable, by way of preferential issue on private placement basis.MoreLess
    Special
    92.30% for7.70% against

    Against: institutions 0.00% · other public 8.00%

    Turnout: all 0.56% · institutions 7.06% · other public 0.54%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2024, 4 resolutions

Present: 0 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.29% · promoters 0.00% · institutions 0.00% · other public 6.29%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.29% · promoters 0.00% · institutions 0.00% · other public 6.29%

  3. To appoint a director in place of Mrs. Manisha Chordia, bearing DIN: 06530154, who retires by rotation and being eligible offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 6.29% · promoters 0.00% · institutions 0.00% · other public 6.29%

  4. To approve re-appointment of M/s VRCA & Associates, Chartered Accountant (Firm Registration No. 104727W), as Statuary Auditors of company and to determine their remuneration
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 6.29% · promoters 0.00% · institutions 0.00% · other public 6.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 29 Apr 2024, 3 resolutions

Present: 0 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To consider and approve, the appointment of Mrs. Vineeta Jain (DIN: 10481057) as Whole-time Director of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 7.92% · promoters 0.00% · institutions 0.00% · other public 7.92%

  2. To consider, deliberate and approve the dilution of investment held by the company in its material subsidiary i.e., M/s Sparion Infrastructure Private Limited.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 8.18% · promoters 0.00% · institutions 0.00% · other public 8.18%

  3. To consider and approve Material Related Party Transactions for the F.Y 2024-2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 8.18% · promoters 0.00% · institutions 0.00% · other public 8.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2023, 6 resolutions

Present: 4 promoters and 35 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 28.96% · promoters 99.99% · institutions 0.00% · other public 0.28%

  2. To appoint a director in place of Mr. Bharat Hemraj Gala (DIN: 01994342) who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.06%

    Turnout: all 28.96% · promoters 99.99% · institutions 0.00% · other public 0.28%

  3. Re-appointment of Mr. Bharat Hemraj Gala (DIN: 01994342) as Managing Director of the company for a period of three years and to fix remuneration for a period of three years.
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.58%

    Turnout: all 28.96% · promoters 99.99% · institutions 0.00% · other public 0.28%

  4. To approve remuneration payable to Mahendra Kumar Jain (DIN: 09765526), Executive Director of the Company, as per Schedule V of the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.60%

    Turnout: all 28.96% · promoters 99.99% · institutions 0.00% · other public 0.28%

  5. Waiver for recovery of excess remuneration paid to Mr. Bharat Hemraj Gala (DIN: 01994342), nManaging Director of the company.
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.50%

    Turnout: all 28.96% · promoters 99.99% · institutions 0.00% · other public 0.28%

  6. To consider and approve material Related Party Transactions.
    SpecialPromoters have an interest in it
    93.64% for6.36% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.36%

    Turnout: all 0.20% · promoters 0.00% · institutions 0.00% · other public 0.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Aug 2023, 5 resolutions

The company's voting result (opens in a new tab)

  1. Special Resolution for re-appointment of Mr. Rushiraj ZaverBhai Patel (DIN: 08017580) as an Independent Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.16%

    Turnout: all 37.31% · promoters 100.00% · institutions 0.00% · other public 2.55%

  2. Special Resolution for appointment of Mr. Mayur Jitendra Thakar (DIN: 08156395) as an Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 37.31% · promoters 100.00% · institutions 0.00% · other public 2.55%

  3. Special Resolution for appointment of Mr. Ruhini Kumar Chakraborty (DIN: 08124270) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.64%

    Turnout: all 37.31% · promoters 100.00% · institutions 0.00% · other public 2.55%

  4. Special Resolution for re-appointment of Ms. Rajul Visaria Dhimant (DIN: 07038456) as annIndependent Director of the Companyy
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.19%

    Turnout: all 37.31% · promoters 100.00% · institutions 0.00% · other public 2.55%

  5. Special Resolution for appointment of Mr. Mahendra Kumar Jain (DIN: 09765526) as a Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 37.31% · promoters 100.00% · institutions 0.00% · other public 2.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesSep 2025–Conversion of Unsecured Loans into equity––No
Preferential IssuesSep 2025–Repayment of unsecured loans––No
Preferential IssuesSep 2025–Towards Working Capital––No
Preferential IssuesSep 2025–General Corporate Purpose––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.