Postal ballot for preferential issue of shares and warrants
KROSS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Kross Limited has issued a postal ballot notice seeking shareholder approval for two preferential issues. Item 1: up to 15 lakh equity shares at Rs 212 each, totalling about Rs 31.80 crore, to four non-promoter allottees. Item 2: up to 15 lakh convertible warrants at Rs 212 each, totalling about Rs 31.80 crore, to promoters Sumeet Rai and Kunal Rai. Each warrant converts to one share within 18 months. E-voting runs September 1 to 30, 2026, results on October 3, 2026.
Share count may expand by up to 30 lakh shares plus 15 lakh warrants (convertible to more shares) within 18 months, subject to voting outcome.