Outcome of Board Meeting held on October 30, 2026 for Allotment of 15,00,000 Equity shares on a Preferential…
As filed · Kross Limited has informed the Exchange regarding Outcome of Board Meeting held on October 30, 2026 for Allotment of 15,00,000 Equity shares on a Preferential Basis and Allotment of 15,00,000 fully Co
What happened
FactOutcome of Board Meeting held on October 30, 2026 for Allotment of 15,00,000 Equity shares on a Preferential Basis and Allotment of 15,00,000 fully Convertible equity warrants convertible into or exchangeable for One (1) fully paid-up equity share. Allotment of 15,00,000 (Fifteen lakh) equity shares of the Company of face value of Rs.5/. Allotment of 15,00,000 (Fifteen lakh) fully Convertible equity warrants (“Warrants”) with each.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
DelayedHigh-pressure moulding line (Foundry) on track for completion by September 2026, which will double casting capacity.
Commercial production to start soon in August 2026.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
- We've mentioned this before is that the plan is to have at least 8% of exports coming in in the next two years (management committed by FY29)
- We are looking into having a growth of 40%, 45% in our exports for this financial year. (management committed by FY27)
Evidence
- Kross Limited has informed the Exchange about Allotment of 15,00,000 Equity shares on a Preferential Basis and Allotment of 15,00,000 fully Convertible equity warrants convertible into or exchangeable for One (1) fully paid-up equity share(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q4 FY26
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%