Outcome of Board Meeting held on May 12, 2026.
KROSS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.6 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Kross Limited reported audited standalone financial results for FY2026 with revenue from operations of Rs. 6,732.01 million, up 8.5% from Rs. 6,204.10 million in FY2025. Profit after tax grew to Rs. 552.14 million from Rs. 480.27 million, a 15% increase. EBITDA margin expanded from 9.4% to 12.5%, indicating improved operational efficiency. The company received an unmodified (clean) audit opinion from S.K. Naredi & Co LLP, though auditors drew attention to Note 11 regarding a favorable Jharkhand High Court order quashing electricity duty levy of Rs. 45.45 million, which remains unrecognized pending finality of legal proceedings. The Board also appointed M/s. Sohan Lal Jalan and Associate as Cost Auditor and GWC Professional Services as Internal Auditor for FY2026-27. IPO proceeds of Rs. 2,369.19 million have been fully utilized as per the offer document.
Positive signals include revenue and profit growth with margin expansion and a clean audit opinion. The electricity duty case represents a contingent asset that could benefit future financials if the company prevails. Shareholders should note the auditor's emphasis of matter as a monitoring item.