The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudhir Rai
KROSS · price
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Sudhir Rai, Promoter and Chairman & Managing Director of Kross Limited, purchased 50,000 equity shares (0.08% of paid-up capital) from the open market on May 28, 2025. This is a disclosure filed under SEBI's SAST Regulation 29(2) for substantial acquisition of shares. His total holding in the company has increased from 2,43,86,409 shares (37.80%) to 2,44,36,409 shares (37.88%). The total equity share capital of the company stands at 6,45,09,422 shares of ₹5 each. The acquisition was made in his personal capacity as a promoter, not via any encumbrance or preferential route.
This is a small open-market purchase by the promoter, signalling continued confidence in the company. With promoter holding at 37.88% (well below 50%), there is no change in control risk, and the increase is too marginal to materially affect stock price.