Kross Ltd issued a corrigendum to its postal ballot notice dated August 31, 2026, regarding resolutions for a preferential issue. The amendment modifies special resolutions and explanatory statements for Items 1 and 2 following National Stock Exchange requirements.

The company updated the shareholding pattern data to reflect positions as on August 28, 2026, replacing earlier figures from June 30, 2026. This change provides the latest pre-issue shareholding structure considering the proposed allotment of 15,00,000 equity shares and 15,00,000 convertible warrants assuming full subscription.

Shareholding pattern updates

The corrigendum details the likely shareholding before and after the preferential issue. Promoter holding is expected to decrease slightly from 68.57% to 67.74%, while non-promoter holding rises from 31.43% to 32.26%. The total number of shares increases from 6,45,09,422 to 6,75,09,422.

Clarifications on allottees and pricing

The company corrected the current status of proposed allottees in Item No. 1 and 2. Sumeet Rai and Kunal Rai are listed as promoters both currently and post-issue. Five other individuals, including Rathore Gauravrajsingh Vijaysingh and Dhruv Agarwal, are classified as non-promoters who do not currently hold equity shares.

Additionally, the undertaking regarding price recomputation was revised. It now explicitly states that if the amount payable due to price recomputation is not paid within the stipulated time under ICDR Regulations, the specified securities will remain locked-in until payment is made.

What the numbers show

The shift in promoter holding from 68.57% to 67.74% indicates minimal dilution despite the issuance of new securities. The increase in non-promoter shareholding is driven entirely by the allotment to resident individuals, whose stake rises from 18.75% to 20.14%. This suggests the preferential issue is primarily targeted at individual investors rather than institutional entities.

Members who have already voted can modify their votes by emailing the scrutinizer before 5:00 pm on September 30, 2026. The e-voting period commenced on September 1, 2026.

Kross Limited has released the final voting results for its 35th Annual General Meeting (AGM) held on September 16, 2026. The company reported a 74.34% voter turnout, with shareholders casting votes on 64.5 million shares out of the total outstanding equity.

The meeting, chaired by Chairman and Managing Director Sudhir Rai, commenced at 11:00 am via video conferencing and concluded at 11:53 am. Shareholders approved all seven agenda items, including the adoption of financial statements and the reappointment of key directors.

Voting Participation Details

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.

Promoter group participation was unanimous, with 100% of their shares voted in favor of all resolutions. Institutional investors also showed strong support, with a 65.14% turnout. Retail participation remained low at 0.09%, though those who did vote largely supported the board's proposals.

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 Compliance

Practising Company Secretary Sital Prasad Swain served as the scrutiniser for the e-voting process. His report confirmed that the voting process was conducted in compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

Forty-nine members attended the meeting through video conferencing, comprising five promoters and 44 public shareholders. 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, have been uploaded to the company’s website and the National Securities Depository Limited (NSDL) portal.