Kross Limited held its 35th Annual General Meeting on September 16, 2026, to transact ordinary and special business items for the fiscal year ended March 31, 2026.

The meeting, chaired by Chairman and Managing Director Sudhir Rai, commenced at 11:00 am via video conferencing and other audio-visual means. It concluded at 11:53 am after shareholders voted on the agenda items through remote e-voting and ballot during the session.

Key Resolutions Passed

Shareholders approved the following resolutions during the AGM:

Mr. Sumeet Rai retires by rotation and offered himself for re-appointment. The Board also sought approval for the re-appointment of three independent directors—Sanjiv Paul, Gurvinder Singh Ahuja, and Deepa Verma—for a second term of three years each. Additionally, shareholders approved the appointment of Sharat Chandra Kumar as an independent director for a first term of three years.

Procedural Details

The Company Secretary, Debolina Karmakar, informed members that the remote e-voting period ran from September 13, 2026, at 9:00 am to September 15, 2026, at 5:00 pm. Voting rights were determined based on holdings as on September 9, 2026. Practising Company Secretary Sital Prasad Swain served as the scrutiniser for the e-voting process.

Forty-nine members attended the meeting through video conferencing. The Chairman addressed the gathering, highlighting key developments and operational performance during FY26. Members who registered as speakers raised questions regarding business performance, which were addressed by the Chairman.

The results of the e-voting, along with the scrutiniser’s report, are scheduled to be disclosed to stock exchanges and displayed on the company’s website within 48 hours of the meeting’s closure.

Kross Limited has issued a postal ballot notice dated August 31, 2026, seeking shareholder approval for a preferential allotment of equity shares and convertible warrants. The fundraising exercise aims to raise up to ₹63.6 crore to augment manufacturing capacity and meet working capital requirements.

The board of directors approved the proposal in its meeting on August 31, 2026. The company informed the National Stock Exchange and Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders will vote via remote e-voting from September 1, 2026, to September 30, 2026.

Fundraising Structure and Objectives

The company plans to issue two distinct instruments to raise the total corpus:

• Equity Shares: Up to 15,00,000 fully paid-up equity shares at ₹212 per share, aggregating to ₹31.8 crore.
• Convertible Warrants: Up to 15,00,000 convertible warrants at ₹212 per warrant, also aggregating to ₹31.8 crore.

The proceeds will be utilized for capital expenditure, including augmenting shaft component manufacturing capacity for the tractor segment and undertaking forward integration for Cold Drawn Tubes (CDT). Additionally, funds will support robotic automation for forge presses, administrative office expansion, and general corporate purposes.

Investor Details

The equity shares are proposed for allotment to four non-promoter investors, while the convertible warrants are reserved for two promoter investors.

Pricing and Terms

The issue price of ₹212 per unit includes a share premium of ₹207. This price is determined based on the higher of the 90-day or 10-day volume-weighted average price (VWAP) on the NSE preceding the relevant date of August 31, 2026. The 90-day VWAP was ₹210.76, while the 10-day VWAP was ₹211.59.

For the convertible warrants, investors must pay 25% of the issue price upfront, with the remaining 75% payable upon conversion. Each warrant is convertible into one fully paid-up equity share within 18 months from the date of allotment. Failure to convert within this tenure results in the forfeiture of the upfront consideration.

Shareholder Approval Process

The postal ballot notice is being sent electronically to members registered as on the cut-off date of August 21, 2026. Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). Mr. Sital Prasad Swain has been appointed as the scrutinizer for the voting process. The results are expected to be announced on or before October 3, 2026.