KROSS
Kross Limited
NSE BSELast Traded Price
₹295.3
-2.15 (-0.72%)
Open
₹302.95
High
₹316
Low
₹295.05
Prev Close
₹297.45
Industry
Auto Components & Equipments
Market Cap
1927.54 Cr
Filing History
Recent corporate announcements and filings for KROSS
Ownership
Positive
2026-11-07 14:24
- Promoter and CMD Sudhir Rai acquired 3,700 equity shares (0.0056% stake) of Kross Limited via open market on November 6, 2026.
- Total shareholding of the promoter increased from 37.32% (2,46,36,733 shares) to 37.33% (2,46,40,433 shares).
Ownership
Positive
2026-11-07 14:09
- Sudhir Rai, Promoter and Chairman and Managing Director of Kross Limited, acquired 3,700 equity shares (0.0056% stake) via open market on November 6, 2026.
- Post-acquisition, his total shareholding increased from 2,46,36,733 shares (37.32%) to 2,46,40,433 shares (37.33%).
Ownership
Positive
2026-10-30 17:27
- Kross Limited approved the preferential allotment of 15,00,000 equity shares at ₹212 per share, aggregating to ₹31.80 crores to non-promoter investors.
- Approved the preferential allotment of 15,00,000 fully convertible equity warrants at ₹212 per warrant to promoters, with 25% upfront payment (₹7.95 crores).
- Reconstituted a dedicated 'Capital Management Committee' to handle matters related to warrant conversions.
Ownership
Positive
2026-10-30 17:27
- Kross Limited approved the allotment of 15,00,000 equity shares on a preferential basis to non-promoters at ₹212 per share, aggregating to ₹31.80 crore.
- Allotted 15,00,000 fully convertible equity warrants to promoters at ₹212 each, raising ₹31.80 crore total with a 25% upfront payment of ₹7.95 crore.
- Reconstituted a dedicated 'Capital Management Committee' to handle matters related to equity shares arising from warrant conversions.
Business Update
Positive
2026-10-22 09:01
Management Guidance & Outlook
- Strong demand momentum expected in H2 FY27, with Q3 and Q4 volumes anticipated to be stronger than Q2.
- Exports expected to be 45% higher year-on-year, currently contributing around 8% of the component business.
Capex & Expansion
- Total budgeted cost for the seamless tube facility is approximately INR170 crores, funded by INR110 crores via term loan and the rest from internal accruals.
- Production trials for the seamless tube facility are planned for February or March 2027.
- Further capex of about INR60 crores planned via warrants and preferential shares for CV and trailer segment demand and shaft lines.
Growth Drivers & Operational Performance
- Commercial production of extruded axle beams commenced, with capacity utilization at around 80% of current output.
- Working capital cycle and receivable days expected to stay below 90-95 days.
- Margin improvement of 3% to 4% expected once captive seamless tubes are fully utilized by the end of H1.
Business Update
Neutral
2026-10-19 17:11
- Kross Limited submitted the audio recording of the Earnings Conference Call held on October 19, 2026.
- The call discussed the performance for the quarter and half-year ended September 30, 2026.
- The recording link has been made available on the company website.
Business Update
Positive
2026-10-17 19:31
Kross Limited released its investor presentation for Q2 and H1 FY27, highlighting robust financial and operational performance.
- Q2 FY27 Revenue from Operations grew 79.6% YoY to ₹235.1 crore compared to ₹130.9 crore.
- EBITDA stood at ₹30.6 crore, up 107.4% YoY from ₹14.8 crore, with margins improving by 175 bps to 13.0%.
- Profit After Tax (PAT) surged 143.5% YoY to ₹19.7 crore compared to ₹8.1 crore.
- Key business updates include the commencement of commercial production at India's first Axle Beam Extrusion Plant, progress in tipping jacks supplies, and ongoing capacity expansion initiatives across foundry and forging segments.
Financials
Positive
2026-10-17 19:21
Q2 FY27 Standalone Revenue ₹235.09Cr vs ₹130.92Cr (▲79.6% YoY)
EBITDA ₹30.60Cr vs ₹14.75Cr (▲107.4% YoY)
PAT ₹19.69Cr vs ₹8.08Cr (▲143.5% YoY)
EBITDA Margin 13.0% vs 11.3% (▲175bps)
Financials
Neutral
2026-10-17 18:04
- Board of Directors approved unaudited financial results for the quarter and half-year ended September 30, 2026.
- Meeting held on October 17, 2026.
Business Update
Neutral
2026-10-14 13:46
Concall Schedule
Concall Date: 19th October 2026
Concall Time: 03:00 PM IST
Business Update
Neutral
2026-10-06 16:49
Concall Schedule
Concall Date: 08th October 2026
Concall Time: Physical Plant Visit
Governance
Positive
2026-09-30 18:56
Kross Limited successfully passed two special resolutions through postal ballot with the requisite majority.
- Resolution 1: Issue of equity shares on preferential basis (Passed with 99.99% assent votes).
- Resolution 2: Issue of convertible warrants on preferential basis (Passed with 97.30% assent votes).
- Voting period concluded on September 30, 2026.
Governance
Neutral
2026-09-23 14:25
- KROSS LIMITED issued a Corrigendum to its Postal Ballot Notice dated August 31, 2026, for a preferential issue.
- Modifications include an updated shareholding pattern reflecting the proposed allotment of 15,00,000 Equity Shares and 15,00,000 Convertible Warrants.
- Corrections were made to the proposed allottee status (promoter/non-promoter) and clarification on re-computation of price for warrants/equity shares.
- Members who have already voted can modify their votes by September 30, 2026.
Governance
Positive
2026-08-31 18:55
- Kross Limited seeks shareholder approval via Postal Ballot for:
- Preferential issue of 15 lakh equity shares (₹31.8 Cr) to non-promoters and 15 lakh convertible warrants (₹31.8 Cr) to promoters at ₹212 each.
- E-voting: Sept 1-30, 2026; Results by Oct 3, 2026.
Ownership
Positive
2026-08-31 12:46
- Kross Limited's Board approved two preferential issues: 1.5 million equity shares (₹31.80 Cr) to non-promoters and 1.5 million convertible warrants (₹31.80 Cr) to promoters, both at ₹212 per unit. The warrants are convertible within 18 months. Shareholder approval via Postal Ballot and e-voting (Sep 01-30, 2026) is pending.
Ownership
Positive
2026-08-31 12:42
- Board approved preferential issue of 15 lakh equity shares at ₹212 each (total ₹31.8 Cr) to non-promoters.
- Also approved 15 lakh convertible warrants at ₹212 each (total ₹31.8 Cr) to promoters, convertible within 18 months.
- Shareholder approval via Postal Ballot (e-voting: Sept 1-30, 2026) is pending.
Business Update
Neutral
2026-08-10 18:38
- Concall Schedule
- Concall Date: 13th August, 2026
- Concall Time: 10:00 am to 05:00 pm
- Event: Equirus Institutional Investor Conference (Group / One to One Meeting, In Person)
Business Update
Positive
2026-07-29 17:00
- Kross Limited reported strong Q1 FY27 results with significant year-on-year revenue, EBITDA, and PAT growth.
- The company expects a positive outlook for the commercial vehicle segment, backed by the government's Parivartan scheme and GST reforms.
- Capacity expansions for new extrusion lines, tipping jacks, and foundry are underway, with high utilization anticipated by Q4 FY27.
- Exports are targeted to grow 40-45% in FY27, aiming to constitute 8% of total revenue in the next two years.
- Margins are expected to expand quarter-on-quarter, driven by steel price pass-through and further planned price hikes of 1-2%.
Business Update
Neutral
2026-07-28 19:10
- Concall Schedule
- Concall Date: 29th July 2026
- Concall Time: 10:30 AM (IST) onwards
- Meeting Type: One on One
- Venue: Virtual
Business Update
Neutral
2026-07-27 13:04
- KROSS LIMITED submitted the audio recording of its Earnings Conference Call held on July 27, 2026.
- The call discussed the company's performance for the quarter ended June 30, 2026.
- The audio recording is available on the company's website.
Financials
Positive
2026-07-24 20:14
- Standalone Revenue ₹184.34 Cr vs ₹139.36 Cr (▲32.3% YoY)
- EBITDA ₹22.55 Cr vs ₹16.17 Cr (▲39.5% YoY)
- PAT ₹13.31 Cr vs ₹10.70 Cr (▲24.4% YoY)
- EBITDA Margin 12.2% vs 11.6% (▲63bps)
Governance
Neutral
2026-07-24 20:12
- The 35th Annual General Meeting (AGM) of KROSS LIMITED will be held on Wednesday, 16th September 2026, at 11:00 A.M. (IST) via Video Conferencing (VC) / Other Audio Visual Means (OAVM).
- The Board approved the AGM Notice and Annual Report for the Financial Year 2025-26.
- The cut-off date for determining eligible members to receive the notice and annual report is Friday, 14th August 2026.
- Remote e-voting will commence on Sunday, 13th September 2026, at 09:00 AM and end on Tuesday, 15th September 2026, at 05:00 PM.
Governance
Negative
2026-07-24 20:07
CRITICAL RED FLAG DETECTED
- Mr Dhirendra Jena, Head (Accounts and Finance), has resigned from the company.
- His resignation is effective from the close of business hours on July 31, 2026.
- The resignation is to pursue an alternative career opportunity.
Governance
Negative
2026-07-24 20:04
CRITICAL RED FLAG DETECTED
- Mr. Mukesh Kumar Agarwal resigned as Non-Executive Independent Director of Kross Limited, effective July 24, 2026.
- Reason cited: pre-occupation in family matters.
- He also ceased to be a member of the Nomination & Remuneration and Corporate Social Responsibility Committees.
Governance
Neutral
2026-07-24 19:59
- The Board re-appointed Sanjiv Paul, Gurvinder Singh Ahuja, and Deepa Verma as Independent Non-Executive Directors for a second term of three years (Oct 26, 2026 to Oct 25, 2029).
- Sharat Chandra Kumar was appointed as an Additional Director (Non-Executive Independent Category) for a three-year term (July 24, 2026 to July 23, 2029).
Governance
Neutral
2026-07-24 19:54
- KROSS LIMITED announced the re-appointment of Sanjiv Paul (DIN: 00086974), Gurvinder Singh Ahuja (DIN: 08132223), and Ms. Deepa Verma (DIN: 10359047) as Independent Non-Executive Directors for a second term of three years (effective October 26, 2026, to October 25, 2029).
- Mr. Sharat Chandra Kumar (DIN 10223173) was appointed as an Additional Director (Non-Executive Independent Category) for three years (effective July 24, 2026, to July 23, 2029).
Financials
Negative
2026-07-24 18:40
CRITICAL RED FLAG DETECTED
- Standalone Revenue ₹184.34 Cr vs ₹139.36 Cr (▲32.28% YoY)
- EBITDA ₹22.55 Cr vs ₹16.17 Cr (▲39.49% YoY)
- PAT ₹13.31 Cr vs ₹10.70 Cr (▲24.41% YoY)
- EBITDA Margin 12.23% vs 11.60% (▲63bps)
Financials
Negative
2026-07-24 18:34
CRITICAL RED FLAG DETECTED
- Standalone Operating Revenue ₹1,843.39 Mn vs ₹1,393.55 Mn (▲33.0% YoY)
- EBITDA ₹225.53 Mn vs ₹161.68 Mn (▲39.5% YoY)
- PAT ₹133.12 Mn vs ₹107.00 Mn (▲24.4% YoY)
- EBITDA Margin 12.23% vs 11.60% (▲63bps)
- Approved convening the 35th Annual General Meeting (AGM) on September 16, 2026.
- Approved re-appointment of Mr. Sanjiv Paul, Mr. Gurvinder Singh Ahuja, and Ms. Deepa Verma as Independent Directors.
- Approved appointment of Mr. Sharat Chandra Kumar as an Independent Director.
- Noted resignation of Mr. Mukesh Kumar Agarwal as Independent Director, effective July 24, 2026.
- Noted resignation of Mr. Dhirendra Jena, Head (Accounts & Finance), effective July 31, 2026.
Business Update
Neutral
2026-07-20 16:18
- Concall Schedule
- Concall Date: Monday, July 27, 2026
- Concall Time: 10:00 AM IST
Routine
Neutral
2026-06-29 13:29
- Kross Limited announced the closure of its trading window for designated persons and their immediate relatives.
- The trading window will remain closed from July 01, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026.
- The date of the Board Meeting for approving the results will be intimated later.