Kross Limited has issued a corrigendum to its Postal Ballot Notice dated August 31, 2026. The corrigendum makes specific alterations to the proposed Special Resolutions and Explanatory Statement for Item No. 1 and 2 of the original notice, as required by the National Stock Exchange of India Limited in response to the company's application for in-principle approval for a preferential issue.
The e-voting process for the postal ballot commenced on September 1, 2026 and will conclude on September 30, 2026.
Key Modifications:
1. Updated Shareholding Pattern:
The shareholding pattern data has been updated from June 30, 2026 to August 28, 2026 (the date immediately preceding the approval of the Postal Ballot Notice). The table reflects the post-issue shareholding assuming full allotment of 15,00,000 Equity Shares and 15,00,000 Convertible Warrants:
- Pre-issue promoter holding: 4,42,30,903 shares (68.57%)
- Post-issue promoter holding: 4,57,30,903 shares (67.74%)
- Pre-issue non-promoter holding: 2,02,78,519 shares (31.43%)
- Post-issue non-promoter holding: 2,17,78,519 shares (32.26%)
- Total shares pre-issue: 6,45,09,422
- Total shares post-issue: 6,75,09,422
2. Corrected Allottee Status:
The current status of proposed allottees has been clarified:
- Sumeet Rai: Promoter → Will remain Promoter
- Kunal Rai: Promoter → Will remain Promoter
- Rathore Gauravrajsingh Vijaysingh: Non-Promoter (currently holds no shares) → Will remain Non-Promoter
- Dhruv Agarwal: Non-Promoter (currently holds no shares) → Will remain Non-Promoter
- Saroj V Rathore: Non-Promoter (currently holds no shares) → Will remain Non-Promoter
- Richa Gauravrajsingh Rathore: Non-Promoter (currently holds no shares) → Will remain Non-Promoter
3. Revised Price Recomputation Undertaking:
The undertaking regarding price recomputation has been revised to explicitly include "Equity Shares" alongside "Warrants" (collectively "Specified Securities") in relation to Regulation 166 of the ICDR Regulations. The company undertakes that if the amount payable on account of price recomputation is not paid within the stipulated time, the Specified Securities will remain locked-in until payment is made.
Voting Modifications:
Members who have already cast their votes prior to receiving this corrigendum may modify their votes by sending an email from their registered email address to the Scrutinizer at spsoffice77@gmail.com on or before 5:00 PM on September 30, 2026.
Document Availability:
The corrigendum is available on the company's website (https://www.krosslimited.com/), BSE Limited (www.bseindia.com), National Stock Exchange of India Limited (www.nseindia.com), and NSDL (evoting@nsdl.co.in).
All other contents of the original Postal Ballot Notice remain unchanged, and this corrigendum forms an integral part of that notice.