Quarterly Updates12 May 2026, 08:01 pm
Kross Ltd: No Deviation in IPO Proceeds Utilization for Q4 FY26
AI Summary
Kross Ltd confirms no deviation or variation in the utilization of IPO proceeds for the quarter ended March 31, 2026, as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The Audit Committee reviewed the statement of deviation, and it's available on the company's website. The IPO raised ₹2500 million, and the funds were allocated for capital expenditure, debt repayment, working capital, and general corporate purposes.
Key Highlights
- Kross Ltd reports no deviation in IPO proceeds for Q4 FY26.
- IPO raised ₹2500 million, utilized as planned.
- Audit Committee reviewed and approved the statement of deviation.
- Funds allocated for capital expenditure, debt repayment, working capital, and general corporate purposes.
- Actual issue expense was ₹130.81 Mn against ₹138.08 Mn estimated in the prospectus.
Price Impact
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