Board Meeting31 Aug 2026, 12:44 pm
Kross Ltd Approves Preferential Issue of Shares and Warrants
AI Summary
Kross Ltd's Board of Directors has approved a preferential issue of up to 15,00,000 equity shares and 15,00,000 convertible warrants. The equity shares will be issued at ₹212 each, aggregating ₹31.80 crore. Similarly, convertible warrants will be issued at ₹212 each, also aggregating ₹31.80 crore. The company will also seek shareholder approval via postal ballot and remote e-voting, scheduled from September 1 to September 30, 2026. Mr. Sital Prasad Swain has been appointed as the scrutinizer for the e-voting process.
Key Highlights
- Board approves preferential issue of 15 lakh equity shares.
- Board approves issuance of 15 lakh convertible warrants.
- Total funds to be raised via equity and warrants is ₹63.60 crore.
- Shareholder approval sought via postal ballot and remote e-voting.
- E-voting period set from September 1 to September 30, 2026.
Price Impact
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