NewsKross Limited Confirms Not a Large Corporate Status Under SEBI Framework as of March 31, 2026Kross Limited Confirms Not a Large Corporate Status Under SEBI Framework as of March 31, 2026
Kross Limited filed a regulatory disclosure confirming it does not qualify as a Large Corporate under SEBI's framework as of March 31, 2026. The company reported outstanding borrowings of INR 44.23 crore and maintained an 'IND A' stable credit rating from India Ratings. This compliance disclosure exempts the company from mandatory debt securities borrowing requirements applicable to Large Corporates.
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Kross Limited has submitted its mandatory disclosure to the Bombay Stock Exchange and National Stock Exchange of India, confirming that the company does not qualify as a Large Corporate under the Securities and Exchange Board of India's Large Corporate Framework as of March 31, 2026.
Regulatory Compliance Disclosure
The disclosure was made in accordance with SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, along with related operational circulars. The company filed the declaration on April 8, 2026, through its Company Secretary and Compliance Officer, Debolina Karmakar, and Whole Time Director (Finance) & CFO, Kunal Rai.
Financial Position and Credit Rating
As part of the disclosure requirements, Kross Limited provided key financial metrics that determine its status under the Large Corporate Framework:
| Parameter | Details |
|---|---|
| Outstanding Borrowings (March 31, 2026) | INR 44.23 crore |
| Credit Rating | 'IND A' (Outlook Stable) |
| Rating Agency | India Ratings (A Fitch group company) |
| Large Corporate Status | Not Applicable |
The company's outstanding borrowings of INR 44.23 crore as of March 31, 2026, fall below the threshold criteria that would classify it as a Large Corporate under SEBI's framework.
SEBI Large Corporate Framework
The Large Corporate Framework requires entities meeting specific criteria to raise a certain portion of their incremental borrowings through debt securities. Companies that qualify as Large Corporates must comply with mandatory borrowing requirements through debt markets, with penalties imposed for shortfalls.
Since Kross Limited does not meet the applicability criteria, it is exempt from these mandatory borrowing requirements. The company confirmed this status through a formal declaration in the prescribed format as required by SEBI regulations.
Corporate Information
Kross Limited operates from its registered and corporate office located at M-4, VI Phase, Gamharia, Adityapur Industrial Area, Jamshedpur. The company maintains various international certifications including IATF 16949, ISO 9001, ISO 14001, and ISO 45001, demonstrating its commitment to quality and environmental standards.
This disclosure ensures transparency and regulatory compliance, providing stakeholders with clarity on the company's status under the current regulatory framework governing large corporate borrowings in India.
Historical Stock Returns for Kross
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.94% | -3.45% | +14.85% | -1.00% | +7.34% | -28.99% |
How might Kross Limited's borrowing strategy change if its debt levels approach the Large Corporate Framework threshold in future years?
What impact could SEBI's potential revision of Large Corporate Framework criteria have on mid-sized companies like Kross Limited?
Will Kross Limited's current 'IND A' credit rating provide sufficient access to alternative funding sources for its expansion plans?
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