Kross board approves preferential issue of shares and warrants worth Rs 63.6 crore

Fund Raising View source PDF Explain this filing

KROSS · price

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Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹214.50

prior close

₹214.59

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.4% vs market

Auto Components & Equipments peers, median of 123sector+0.0%-1.1% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.1 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

+0.6

15m

+1.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.3-1.4+0.0-1.1

Next day

-2.9-0.7-2.3-0.5-2.4

-3.0-1.2-1.8-1.4-1.6

-1.4-0.7-0.7-1.0-0.4

-1.5+0.0-1.5-0.9-0.6

-2.3+0.4-2.8-0.9-1.4

+2.6+0.8+1.8-1.4+3.9

15d

+19.1-0.0+19.1-2.0+21.2

+22.5-0.8+23.2-2.4+24.8

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 123Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Kross Limited board approved issuing 15 lakh equity shares at Rs 212 each (Rs 31.80 crore) to 4 non-promoter allottees, plus 15 lakh convertible warrants at Rs 212 each (Rs 31.80 crore) to promoters Sumeet Rai and Kunal Rai. Total fundraising potential: Rs 63.60 crore. Warrants require 25% upfront payment, convertible within 18 months. Postal ballot notice issued; e-voting runs Sept 1 to Sept 30, 2026.

Likely market impact

Potential equity dilution on full warrant conversion; promoter holding rises via warrants. Subject to shareholder approval via postal ballot.