KROSS Limited Files Q3FY26 Monitoring Agency Report on IPO Proceeds Utilization

KROSS Limited has submitted its quarterly monitoring agency report for the period ended December 31, 2025, detailing the utilization of proceeds from its Initial Public Offer (IPO). The report, filed with BSE and NSE on January 29, 2026, was prepared by India Ratings & Research Private Limited as the appointed monitoring agency. IPO Details and Fund Utilization The company's IPO, conducted from September 9-11, 2024, comprised a fresh issue of ₹2,500.00 million and an offer for sale of ₹2,500.00 million, totaling ₹5,000.00 million. The fresh issue involved 1,04,16,666 equity shares of face value ₹5 each, priced at ₹240.00 per share. IPO Component Amount (₹ Million) Fresh Issue Size 2,500.00 Offer for Sale 2,500.00 Total Issue Size 5,000.00 Issue Price per Share 240.00 Fund Deployment Status As of December 31, 2025, KROSS Limited has utilized ₹2,197.04 million from the IPO proceeds across four primary objectives. The monitoring agency confirmed no deviation from the objects stated in the offer document. Object Original Allocation (₹ Million) Amount Utilized (₹ Million) Unutilized Amount (₹ Million) Capital Expenditure for Machinery 700.00 553.29 146.71 Debt Repayment 900.00 900.00 0.00 Working Capital Requirements 300.00 144.80 155.20 General Corporate Purposes 469.19 468.15 1.04 Offer Related Expenses 130.81 130.81 0.00 Total 2,500.00 2,197.04 302.96 Investment of Unutilized Proceeds The company has deployed the unutilized IPO proceeds of ₹302.96 million in fixed deposits with Axis Bank and HDFC Bank. These investments are earning annualized returns ranging from 4.25% to 6.70%, with maturity dates extending from January 2026 to February 2027. Key Investment Details: Total amount invested in FDs: ₹283.76 million Cash balance in monitoring account: ₹27.59 million Return on investment range: 4.25% - 6.70% per annum Implementation Progress and Timeline The monitoring agency noted delays in certain object implementations. The capital expenditure for machinery and equipment shows significant progress with ₹553.29 million utilized against the allocated ₹700.00 million. However, the completion timeline has been extended to Fiscal 2026, as approved by the Board of Directors. The debt repayment objective was completed by September 30, 2024, with the full allocated amount of ₹900.00 million utilized. Working capital funding remains ongoing with ₹144.80 million deployed so far. Regulatory Compliance The report was filed pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and Regulation 41(4) of SEBI (Issue of Capital Disclosure Requirements) Regulations 2018. The monitoring agency confirmed that all utilization aligns with disclosures in the offer document, with no material deviations requiring shareholder approval. KROSS Limited, engaged in manufacturing automobile parts, operates from its registered office in Jamshedpur, Jharkhand. The company maintains ISO certifications including IATF 16949, ISO 9001, ISO 14001, and ISO 45001, reflecting its commitment to quality and environmental standards. Kross Limited has formally notified stock exchanges BSE and NSE about its upcoming earnings conference call scheduled to discuss Q3FY26 financial results. The company filed the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing detailed information about the investor interaction session. Conference Call Schedule and Details The earnings conference call has been scheduled for Friday, January 30, 2026 at 12:00 PM IST. The session will focus on discussing the company's unaudited standalone financial results for the quarter and nine months ended December 31, 2025. Parameter Details Date Friday, January 30, 2026 Time 12:00 PM IST Meeting Type Group Meet Universal Access Numbers +91 22 6280 1224, +91 22 7115 8125 Management Participation The conference call will be represented by Kross Limited's senior management team, ensuring comprehensive discussion of the quarterly performance and business developments. Position Name Chairman and Managing Director Mr. Sudhir Rai Whole Time Director Mr. Sumeet Rai Whole Time Director and CFO Mr. Kunal Rai International Access and Coordination The company has arranged international toll-free numbers to facilitate global investor participation. The call coordination is being managed by Equirus Securities, with Mr. Mihir Vora serving as the primary coordinator. International Toll-Free Numbers: Hong Kong: 800964448 Singapore: 8001012045 UK: 08081011573 USA: 18667462133 Call Coordination: Coordinator: Mr. Mihir Vora (Equirus Securities) Phone: +91-99871 97424 Email: mihir.vora@equirus.com Regulatory Compliance The intimation was signed by Company Secretary and Compliance Officer Ms. Debolina Karmakar (ACS 62738) and submitted to both BSE (Scrip Code: 544253) and NSE (Symbol: KROSS). The company's registered and corporate office is located at M-4, VI Phase, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108, India. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. 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