Kross Limited has issued a rectification notice to stock exchanges regarding an administrative error in its Audit Committee composition. The company corrected the designation of one committee member following an inadvertent mistake in its previous communication to BSE and NSE.

Committee Composition Error Rectified

The company identified an error in its intimation dated November 14, 2025, where Kunal Rai's designation was incorrectly mentioned as 'member' instead of 'Permanent Invitee' in the Audit Committee. This rectification was communicated to both BSE and NSE on January 19, 2026, to ensure accurate records and compliance with regulatory requirements.

The correction addresses the proper categorization of committee roles as mandated under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, specifically Regulation 18(1).

Current Audit Committee Structure

Following the rectification, the Audit Committee composition is as follows:

The committee maintains its structure with two independent directors and includes the company's senior management in key oversight roles. Kunal Rai, serving as Executive Whole Time Director (Finance) & CFO, holds the position of Permanent Invitee rather than a voting member.

Regulatory Compliance

The rectification demonstrates the company's commitment to maintaining accurate corporate governance records and ensuring compliance with SEBI regulations. The company expressed regret for any inconvenience caused by the initial error and emphasized that this correction is for information and record purposes.

Company Secretary and Compliance Officer Debolina Karmakar signed the rectification notice, confirming the administrative correction and updated committee composition for regulatory authorities.

Kross Limited has announced the launch of its new product 'Tipping Jacks' in the trailer segment, marking a strategic expansion into a new product category. This development represents the company's efforts to diversify its product portfolio and tap into additional market opportunities within the automotive ancillary sector.

Product Launch Details

The company's new 'Tipping Jacks' product is specifically designed for the trailer segment, addressing the specialized requirements of this market. The launch demonstrates Kross Limited's capability to develop products beyond its traditional offerings and enter new automotive segments.

Production Capacity and Timeline

Kross Limited has set an ambitious production target of 800 units per month by FY 2027 for its new tipping jacks product. This production capacity target indicates the company's confidence in market demand and its commitment to establishing a significant presence in the trailer segment.

Market Strategy

The company plans to cater to both domestic and international markets with its new product offering. This dual-market approach suggests Kross Limited's strategy to maximize market penetration and revenue potential from the new product line. The international market focus also indicates the company's export ambitions in the trailer equipment segment.

Business Expansion

The launch of tipping jacks represents Kross Limited's continued efforts to expand its product range within the automotive ancillary space. By entering the trailer segment, the company is positioning itself to serve a broader customer base and potentially reduce dependence on existing product categories.