The Statement of Deviation(s) or Variation of Fund for the quarter ended 31st March 2026 is submitted
KROSS · price
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Kross Limited has filed a compliance statement confirming no deviation or variation in the utilization of its IPO proceeds for Q4 FY26. The company raised INR 2,500 million through its IPO on September 12, 2024. All funds have been deployed as planned: INR 700 million for capital expenditure, INR 900 million for debt repayment, INR 300 million for working capital, and INR 469.19 million for general corporate purposes. Offer expenses came in at INR 130.81 million versus the estimated INR 138.08 million, saving INR 7.27 million which was redirected to general corporate purposes. India Ratings and Research is the monitoring agency, and the audit committee has reviewed and confirmed no deviations.
This is a routine compliance filing with positive confirmation that IPO funds are being used as disclosed in the prospectus. No deviations mean investors can expect the stated business plans to proceed as intended without fund misuse concerns.