Kross Limited: No Deviation in IPO Fund Utilization for Q4 FY26
Kross Limited reported no deviation in IPO fund utilization for the quarter ended March 31, 2026. The company raised INR 2500 million (net INR 2369.19 million) on September 12, 2024, for capital expenditure, debt repayment, and working capital. Funds were utilized as per the original disclosure.
This is a standard regulatory disclosure confirming adherence to previous fund-raising plans, with no new material information that would significantly impact the company's operations or stock.
The announcement is a routine compliance filing confirming no deviation in IPO fund utilization, which is a neutral event.
Kross Limited has confirmed that there were no deviations or variations in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended March 31, 2026. This statement, in compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been reviewed by the Audit Committee.
The company raised INR 2500 million (net INR 2369.19 million) through its IPO on September 12, 2024. The funds were allocated towards capital expenditure for machinery and equipment (INR 700 million), repayment of borrowings (INR 900 million), and funding working capital requirements (INR 300 million). A portion of INR 461.92 million was allocated for general corporate purposes.
The total funds utilized matched the total amount raised. The actual issue expense was INR 130.81 million, slightly less than the estimated INR 138.08 million, with the remaining INR 7.27 million proposed for general corporate purposes. India Ratings and Research Private Limited served as the monitoring agency.
What to do with a filing like this
Kross Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Kross Limited. Read the original for the full detail.