Kross Limited , a company listed on both the BSE Limited and National Stock Exchange of India Limited, has reported a significant insider transaction. Sudhir Rai, the Promoter, Chairman, and Managing Director of Kross Limited, has increased his stake in the company through an open market purchase.

Transaction Details

On August 18, 2025, Rai acquired 50,000 shares of Kross Limited, representing 0.08% of the company's total paid-up share capital. This strategic move has resulted in a notable increase in Rai's shareholding in the company.

Shareholding Impact

Following the acquisition, Sudhir Rai's total shareholding in Kross Limited has increased as follows:

The transaction has strengthened Rai's position within the company, increasing his stake by 0.08 percentage points.

Company Overview

Kross Limited has an equity share capital comprising 6,45,09,422 shares with a face value of INR 5 each. The company's shares are traded on both the BSE Limited and the National Stock Exchange of India Limited.

Regulatory Compliance

In compliance with regulatory requirements, specifically Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Sudhir Rai has duly disclosed the details of this transaction to the stock exchanges and the company.

The disclosure, dated August 19, 2025, provides comprehensive information about the transaction, including the mode of acquisition, the number of shares acquired, and the resulting change in shareholding percentage.

This insider buying activity may be of interest to market participants and shareholders as it potentially signals the promoter's confidence in the company's future prospects. However, investors are advised to conduct their own research and analysis before making any investment decisions based on this information.

Kross Limited (ISIN: INE0O6601022) has reported a robust 40% year-on-year growth in Profit After Tax (PAT) for the first quarter of fiscal year 2026, despite facing a 5% decline in revenue. The company's financial performance demonstrates resilience in the face of challenging market conditions, particularly in the commercial vehicle (CV) segment.

Financial Highlights

Segment Performance

The company's diversified business model helped offset the weakness in the CV segment:

• Trailer Axles and Suspensions: Contributed 40% to the total revenue
• Other Component Business: Accounted for 60% of the revenue
• Agriculture Segment: Showed strong growth, partially offsetting the decline in the CV segment
• Export Segment: Revenue contribution reached 4%, keeping the company on track for its full-year export target of 5%

Operational Updates

New Extrusion Line

• Machinery delivered
• Commercial production expected to commence from Q3 FY26
• Will expand axle manufacturing capacity from 5,000 to 7,500 units per month

Seamless Tube Facility

• Construction on track for completion by December 2025
• Production targeted to begin in Q4 FY27

Forging Capabilities

• Doubled forging capacities in FY26 with new screw presses
• Plans to install additional presses in H2 FY26

New Product Launches

• Tipping jack products scheduled for launch in October 2025
• Introduced car carrier axle and suspension products

Management Commentary

Mr. Sudhir Rai, Chairman and Managing Director, commented on the results: "Despite the cyclical slowdown over the past 16-17 months, we have managed to remain steady. While the overall environment was challenging, we maintained a healthy order book and our margins improved relative to broader market conditions."

Mr. Kunal Rai, Whole Time Director and CFO, added: "While the quarter witnessed some softness in the top line, improvement in profitability margins underscores the strength of our operations. We continue to make steady progress on our long-term strategic roadmap with a clear focus on execution and resilience."

Future Outlook

• Management expects the second half of FY26 to perform better than the first half
• Projecting 10-12% top-line growth for the full year FY26
• Aiming to reach double-digit export contribution by the end of FY27
• Focused on expanding customer base and strengthening market outreach in the trailer segment

Kross Limited remains committed to its strategic initiatives, including deepening backward integration, expanding capacities, and diversifying its product portfolio. With strong fundamentals and a healthy order book, the company is well-positioned to navigate short-term headwinds and deliver sustained long-term value for its stakeholders.