Meeting Details

  • Type of Meeting: Postal Ballot through remote e-voting only
  • Last Date of Receipt: September 30, 2026
  • Voting Period: September 1, 2026 (9:00 AM) to September 30, 2026 (5:00 PM IST)
  • Record Date: August 21, 2026
  • Total Shareholders on Record Date: 75,670

Proposed Resolutions and Implications

The company sought approval for two special resolutions:

1. Issue of Equity Shares on Preferential Basis

2. Issue of Convertible Warrants on Preferential Basis

These resolutions enable the company to raise capital through preferential allotment of equity instruments.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting on the platform provided by National Securities Depository Limited (NSDL). No physical polling or postal ballot forms were accepted. The company dispatched the postal ballot notice via email to 73,395 members who had registered their email addresses and published advertisements in Financial Express (English) and Utkal Mail (Hindi) newspapers on September 1, 2026, and a corrigendum advertisement on September 24, 2026.

Key Voting Outcomes

Resolution 1: Issue of Equity Shares on Preferential Basis

  • Total Votes Cast: 48,189,530 shares (74.7015% of outstanding shares)
  • Votes in Favor: 48,184,058 shares (99.9886% of votes cast)
  • Votes Against: 5,472 shares (0.0114% of votes cast)

Category-wise Breakdown for Resolution 1:

  • Promoter & Promoter Group: 44,230,903 shares voted (100% turnout), 100% in favor
  • Public Institutions: 3,905,398 shares voted (68.1304% turnout), 100% in favor
  • Public Non-Institutions: 53,229 shares voted (0.3659% turnout), 89.7199% in favor, 10.2801% against

Resolution 2: Issue of Convertible Warrants on Preferential Basis

  • Total Votes Cast: 48,188,530 shares (74.7% of outstanding shares)
  • Votes in Favor: 46,886,037 shares (97.2971% of votes cast)
  • Votes Against: 1,302,493 shares (2.7029% of votes cast)

Category-wise Breakdown for Resolution 2:

  • Promoter & Promoter Group: 44,230,903 shares voted (100% turnout), 100% in favor
  • Public Institutions: 3,905,398 shares voted (68.1304% turnout), 66.7896% in favor, 33.2104% against
  • Public Non-Institutions: 52,229 shares voted (0.3591% turnout), 89.4829% in favor, 10.5171% against

Scrutinizer's Role and Findings

Mr. Sital Prasad Swain, Practicing Company Secretary (Membership No. F6338), was appointed as Scrutinizer on August 31, 2026. He submitted his report on September 30, 2026, confirming:

  • All votes cast were valid
  • No requests for vote modification were received despite the corrigendum
  • Both special resolutions were passed with requisite majority
  • Voter participation: 307 voters cast 48,189,530 votes for Resolution 1; 306 voters cast 48,188,530 votes for Resolution 2

Compliance Confirmation

The company confirmed compliance with:

  • Section 110 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA circulars

Additional Information

  • NSE Symbol: KROSS
  • The voting results and scrutinizer report are available on the company website: https://www.krosslimited.com/postalballot