Kross Ltd Allots 15 Lakh Shares, 15 Lakh Warrants
Kross Ltd announced the outcome of its Board Meeting held on October 30, 2026. The board approved the allotment of 15,00,000 equity shares at an issue price of Rs. 212/- per share, aggregating to Rs. 31,80,00,000/- (Rs. 31.80 Crore) on a preferential basis to non-promoters. Additionally, 15,00,000 fully convertible equity warrants were allotted at an issue price of Rs. 212/- per warrant, aggregating to Rs. 31,80,00,000/- (Rs. 31.80 Crore), with 25% upfront payment received from promoters. The company also established a "Capital Management Committee" to oversee warrant conversions. Consequent to these allotments, the paid-up equity capital has increased, and the company has a new committee for future capital management.
Key Highlights
- Allotment of 15,00,000 equity shares at Rs. 212 each.
- Allotment of 15,00,000 convertible warrants at Rs. 212 each.
- Total preferential issue size of Rs. 31.80 Crore for shares and warrants.
- Establishment of a dedicated Capital Management Committee.
- Paid-up equity capital increased post-share allotment.
Price Impact
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