Outcome of Board Meeting

30th October 2026 To To The General Manager The General Manager Department of Corporate Services Department of Corporate Services BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 544253 Symbol: KROSS Sub: Outcome of Board Meeting under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, With reference to the captioned subject and in terms of the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their Meeting held today i.e. Friday, October 30, 2026 which was commenced at 04:00 PM and concluded at 05:15 PM has considered and approved the following: 1. Allotment of 15,00,000 (Fifteen lakh) equity shares of the Company of face value of Rs.5/- each fully paid at a issue price of Rs. 212/- (Rupees Two Hundred and Twelve only) including premium of Rs. 207/- (Rupees Two Hundred Seven only) per equity share, aggregating to Rs. 31,80,00,000/- (Rupees Thirty-One Crore Eighty Lakh only) for cash, to persons belonging to Non-Promoters, on Preferential Basis; The Details as required for Allotment of Equity Shares under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are given in the enclosed Annexure-I. Consequent to the aforesaid allotment, the paid-up equity capital of the Company has increased from Rs. 32,25,47,110/- consisting of 6,45,09,422 Equity Shares of Rs. 5/- each to Rs. 33,00,47,110/- consisting of 6,60,09,422 Equity Shares of Rs. 5/- each. 2. Allotment of 15,00,000 (Fifteen lakh) fully Convertible equity warrants (“Warrants”) with each warrant convertible into or exchangeable for One (1) fully paid-up equity share of the Company of face value of Rs.5/- each (“the Equity Shares”) at an Issue price of Rs. 212/- (Rupees Two Hundred and Twelve only) including premium of Rs. 207/- (Rupees Two Hundred Seven only) per warrant, aggregating to Rs. 31,80,00,000/- (Rupees Thirty-One Crore Eighty Lakh only) upon receipt of an amount aggregating to Rs.7,95,00,000/- (Rupees Seven Crore Ninety-Five Lakh Only) being 25% as upfront payment by the promoters of the Company on Preferential Basis; Consequent to the aforesaid allotment of Convertible Warrants, there is no change in the paid- up equity share capital, shareholding pattern or control of the Company. Each Warrant holder shall be entitled to exercise the Warrants, in one or more tranches, upon payment of the balance 75% of the Issue Price within a period of 18 (Eighteen) months from the date of allotment, in accordance with the terms of the issue and the applicable provisions of the SEBI ICDR Regulations. The Details as required for Allotment of fully Convertible equity warrants under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI circular No. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are given in the enclosed Annexure-II. 3. The constitution of a dedicated "Capital Management Committee". This committee is authorized to handle all matters related to the allotment of Equity Shares arising out of the conversion of outstanding warrants at a later date, in accordance with applicable laws and regulatory guidelines. The details of disclosure required under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in the enclosed Annexure-III. Kindly take the same on record. Yours faithfully, For Kross Limited Debolina Karmakar Company Secretary and Compliance Officer Membership No.: ACS 62738 Annexure-I The Details as required for Allotment of Equity Shares under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are: Sr. Particulars Disclosures 1. Type of securities Equity shares proposed to be issued 2. Type of issuance Preferential allotment in accordance with the Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013 and other applicable laws. 3. Total number of Allotment of 15,00,000 (Fifteen Lakh) equity shares of the securities Company of face value of Rs.5/- each fully paid at a price of proposed to be Rs.212/- (Rupees Two Hundred and Twelve only), aggregating to issued or the total Rs.31,80,00,000/- (Rupees Thirty-One Crore Eighty Lakh only). amount for which the securities will be issued 4. Additional Details furnished in case of preferential issue: A. Issue Price The issue price is Rs.212/- per equity share including premium of Rs. 207/- per equity share. B. Names of No. of Post Issue holding Category investors and Post Name of the Equity allotment of allottees* shares No. of % of securities outcome Allotted Share holding of the subscription Rathore 5,00,000 5,00,000 0.74 Non- Gauravraj Promoter Singh Vijaysingh Dhruv Agarwal 0.74 Non- 5,00,000 5,00,000 Promoter Saroj V Rathore 0.44 Non- 3,00,000 3,00,000 Promoter Richa 2,00,000 2,00,000 0.30 Non- Gauravraj Promoter Singh Rathore C. In case of Not Applicable convertibles, intimation on conversion of securities or on lapse of the tenure of the instrument #Post issue percentages have been calculated on the basis of post-preferential share capital of the Company on fully diluted basis considering the allotment of 15,00,000 equity shares and assuming conversion of 15,00,000 convertible warrants, i.e.₹ 33,75,47,110 (Rupees Thirty- Three Crore Seventy-Five Lakh Forty-Seven Thousand One Hundred and Ten Only) divided into 6,75,09,422 (Six Crore Seventy-Five Lakh Nine Thousand Four Hundred and Twenty-Two Only.) Equity Shares of face value of ₹ 5.00/ each (Rupees Five Only) Annexure-II The Details as required for Allotment of fully Convertible equity warrants under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are: Sr. Particulars Disclosures 1. Type of securities Convertible Warrants issued on Preferential basis proposed to be issued 2. Type of issuance Preferential allotment in accordance with the Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013 and other applicable laws. 3. Total number of Allotment of 15,00,000 (Fifteen Lakh) Convertible Warrants at securities proposed to issue price is Rs.212/- per equity share including premium of Rs. be issued or the total 207/- per Warrants on receipt of 25% of total consideration. amount for which the securities will be issued 4. Additional Details furnished in case of preferential issue: A. Issue Price Rs. 212/- per equity share including premium of Rs. 207/- per Warrants B. Names of investors Post Issue holding and Post allotment of (Assuming Full No. of Category securities outcome of Conversion of Name of the Convertible the subscription warrant) allottees Warrants No. of % of allotted Equity holding shares Sumeet Rai 7,50,000 45,50,000 6.74 Promoter Kunal Rai 7,50,000 42,42,000 6.28 Promoter 1. In case of The warrants shall be convertible at any time, at the discretion of convertibles, warrant holder, prior to the expiry of eighteen (18) months from the intimation on date of its allotment. conversion of Each Warrant would be convertible into, or exchangeable, at an securities or on lapse option of Proposed Allottee(s), within a maximum period of 18 of the tenure of the months from the date of allotment of Warrants into equivalent [Showing first 8,000 characters — download PDF for full document]