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.
Kross Limited has filed a statement confirming no deviation or variation in the utilization of IPO proceeds for Q4 FY26 (quarter ended March 31, 2026). The company raised INR 2500 million (net INR 2369.19 million) through its IPO on September 12, 2024. All funds have been deployed as per the original objects: INR 700 million for capital expenditure (machinery and equipment), INR 900 million for repayment of borrowings, INR 300 million for working capital, and INR 469.19 million for general corporate purposes. Actual offer expenses came to INR 130.81 million versus the estimated INR 138.08 million, with the INR 7.27 million balance proposed for general corporate use. The Audit Committee and auditors have confirmed no comments on the utilization.
This is a routine compliance filing with no adverse findings. The confirmation that IPO funds are being utilized as per the stated objects without any deviation is positive for investor confidence, indicating proper fund deployment and governance.