Kross Limited has accepted the resignation of Mr. Mukesh Kumar Agarwal as Non-Executive Independent Director, effective July 24, 2026. The Board of Directors took note of his resignation during a meeting held on the same date, citing his pre-occupation with family matters as the primary reason for stepping down. Consequently, Agarwal ceases to be a member of the Nomination & Remuneration Committee and the Corporate Social Responsibility Committee.

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with SEBI Circular No. SEBI/HO/CFD/CFD/CFDPoD-1/CIR/2023/123 dated July 13, 2023, Agarwal confirmed that there are no other material reasons for his resignation beyond those stated. He does not hold directorships in any other listed entities.

Resignation Details

Agarwal was appointed to the Board in October 2023 for a tenure of three years. In his resignation letter, he expressed gratitude to the management and fellow Board members for their support during his tenure. He also acknowledged the dedication of the company’s support teams, including Legal, Finance, Compliance, and Administrative staff.

The Company Secretary and Compliance Officer, Debolina Karmakar, signed the intimation filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited. The filing serves as a formal record of the change in board composition under applicable regulatory frameworks.

Kross Limited reported a 24.4% year-on-year increase in net profit to ₹133.12 million for the quarter ended June 30, 2026 (Q1FY27), driven by robust revenue growth of 32.3% to ₹1,843.39 million. The Jamshedpur-based manufacturer of motor vehicle parts and accessories also saw its EBITDA expand to ₹225 million from ₹161 million in the corresponding period last year, reflecting improved operational efficiency and cost management.

The Board of Directors approved the unaudited standalone financial results at a meeting held on July 24, 2026. The Statutory Auditors issued an unmodified review opinion on the quarterly results. The company operates as a single segment under Ind AS - 108 'Operating segments' and has no subsidiaries, associates, or joint ventures as of June 30, 2026, meaning consolidated financial statements were not required.

Q1FY27 Financial Highlights

Revenue from operations stood at ₹1,843.39 million in Q1FY27, compared to ₹1,393.55 million in Q1FY26. Net profit before tax rose to ₹178.27 million from ₹138.69 million year-on-year. The following table outlines the key financial metrics for the quarter:

What the Numbers Show

The expansion in net profit margin, which moved to approximately 7.22% from 7.68% in the prior year period, indicates that while revenue growth was significant, cost structures scaled effectively with sales volume. The consistent growth in earnings per share (EPS) to ₹2.06 from ₹1.66 underscores the value creation for shareholders during the quarter. The company’s total comprehensive income for the period was ₹133.24 million, closely tracking the net profit after tax.

Regulatory Disclosures

The results were disclosed pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An advertisement regarding the disclosure was published on July 25, 2026, in Financial Express (All India Edition) and Utkal Mail (Regional Hindi). Debolina Karmakar, Company Secretary and Compliance Officer, signed the disclosure on behalf of Kross Limited.