Kross Limited Reports No IPO Fund Deviation Q4 FY26

Kross Limited files a regulatory statement confirming no deviation in the utilization of its IPO proceeds for the quarter ended March 31, 2026.
The company raised INR 2500 million via an IPO on September 12, 2024, with net proceeds of INR 2369.19 million.
The Audit Committee reviewed the statement, and the monitoring agency for the funds is India Ratings and Research Private Limited.
Actual issue expenses were INR 130.81 million, which is INR 7.27 million lower than the prospectus estimate, with the balance to be used for general corporate purposes.