Kross Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
KROSS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kross Limited has filed its quarterly Reg. 32 statement confirming there is no deviation or variation in the use of its IPO proceeds for the quarter ended March 31, 2025. The IPO (raised on September 12, 2024) brought in a net of INR 2,369.19 million from the fresh issue. So far, the company has utilised INR 1,624.92 million (about 69%), with full deployment towards repayment of borrowings (INR 900 million used of 900 million allocated), INR 419.62 million used for general corporate purposes, INR 207.66 million for machinery and equipment, and INR 97.64 million for working capital. India Ratings and Research is acting as the monitoring agency, and the Audit Committee has reviewed the statement with no comments.
The filing is a routine compliance confirmation and shows disciplined use of IPO funds with no diversions from stated objects. About 31% of net IPO proceeds remain unutilised, which is normal for a recently listed company and could be deployed in coming quarters, providing some flexibility for capex plans.