Kross Limited Approves Preferential Issue of Equity Shares and Warrants Worth ₹63.6 Crore
Kross Limited's board approved a preferential issue of 15 lakh equity shares and 15 lakh warrants, raising ₹63.6 crore in total. The issue price is ₹212 per share/warrant. The company also approved a postal ballot for members, with remote e-voting from September 1 to September 30, 2026.
The preferential issue of equity shares and warrants will result in a substantial inflow of funds for the company, which can have a significant impact on its financial position and future growth prospects. It also involves a large number of shares and potential dilution for existing shareholders.
The company is raising significant capital through a preferential issue of shares and warrants, which is generally viewed positively as it can fund growth or strengthen the balance sheet.
Kross Limited announced today, August 31, 2026, that its Board of Directors has approved a preferential issue of up to 15,00,000 fully paid-up equity shares and up to 15,00,000 convertible warrants. The equity shares will be issued at a price of ₹212 each, including a premium of ₹207 per share, aggregating ₹31.80 crore. The proposed allottees for the equity shares include Rathore Gauravrajsingh Vijaysingh (5,00,000 shares), Dhruv Agarwal (5,00,000 shares), Saroj V Rathore (3,00,000 shares), and Richa Gauravrajsingh Rathore (2,00,000 shares).
Additionally, the company approved the issuance of up to 15,00,000 convertible warrants at ₹212 per warrant, also aggregating ₹31.80 crore. These warrants are to be issued to Sumeet Rai (7,50,000 warrants) and Kunal Rai (7,50,000 warrants). Each warrant is convertible into one equity share of face value ₹5 within eighteen months from the date of allotment. The board also approved the notice for a postal ballot and the remote e-voting process, which will commence on September 1, 2026, and conclude on September 30, 2026. Mr. Sital Prasad Swain has been appointed as the scrutinizer for the e-voting process. The board meeting was held from 11:00 AM to 12:33 PM on August 31, 2026.
A plain-language summary of a public exchange filing by Kross Limited. Read the original for the full detail.