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21st August, 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 ISIN: INE0O6601022 Dear Sir/Madam, Sub: Newspaper Publication – Disclosure under Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 With reference to the captioned subject, please find enclosed herewith the Newspaper advertisement with respect to 35th Annual General Meeting to be held on Wednesday, September 16, 2026 at 11:00 a.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM), published in the Financial Express (English edition) and Utkal Mail (Hindi edition) on August 21, 2026 in compliance with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on your record. Thanking You, For Kross Limited Debolina Karmakar Company Secretary and Compliance Officer Membership No.: ACS 62738 WWW.FINANCIALEXPRESS.COM FRIDAY, AUGUST 21, 2026 MARKETS |11 FINANCIAL EXPRESS Aditya Birla Capital Anattempt tobelittle India’s growth story enters gold loan biz statistical creation. ution. The surviving counter- Before auditing the recipe, factuals fit as well as or better back-test the machine. Take than the published model the paper's own five countries, while placing India within fit the weights only on data roughly 3% either way. through 2004, and ask the Then come the “p = 0.00” KSHIPRA PETKAR method to predict the decade results.With such small donor RAKESH SINGH, EXECUTIVE DIRECTOR Mumbai, August 20 M The company that follows. By 2014, it "dis- pools, the standard exact test &CEO — NBFC, ADITYA BIRLA CAPITAL has become the covers"an Indian shortfall of cannot produce a p-value ADITYA BIRLA CAPITAL has The offering will third NBFC to 10%, under Manmohan below about 0.07 for GDP or entered the gold loan business, foray into the NOT LONG AGO came the Singh, with Modi nowhere in 0.08 for governance. The making it the third non-bank- cater to various claim that India had over- sight. paper'sown footnote concedes segment in ing finance company to foray customers across stated its GDP growth by The pre-2004 fit is exactly that its zeros mean only that the past two into the segment in the past roughly 2.5 percentage points as tight,in relative terms,as the India ranked most extreme in urban and semi- months two months. In July, Godrej a year. Subsequent scrutiny fit the paper celebrates for its a small placebo race. Those Capital and Tata Capital ven- urban markets, exposed a curious pattern: Modi model. A machine that zeros cannot establish conven- M It has plans to tured into the territory. indicators changed, specifica- finds the Modi growth cata- tional 1-in-20 significance: and will also roll out 200-300 The company has plans to tions changed, and several strophe before Modi arrives the race simply has too few serve the existing dedicated gold rollout 200-300dedicated gold tests used to infer a structural deserves deep scepticism horses. loan branches loan branches by March 2027. customers break had too little statistical when it finds one afterwards. And so goes another by March 2027 “Over the next three years, the power to distinguish agenuine Why does the machine mis- attempt to belittle India’s ABCL-NBFC business aims to change from ordinary noise.As fire? Because there is no growth story. An imaginary establish a network of around the evidence crumbled under unique synthetic India. My principally for comparing liv- tifully about the past and dis- India assembled from other 1,000 gold loan branches, Finance and Manappuram in gold price in thelast 15-20 scrutiny, the conclusion that replication finds many, and ing standards. Use instead the agreesharplyaboutthe future. countries’datais elevated into building a strong pan-India Finance,who currently domi- days. Glitches related toimple- India’s growth was less impres- they disagree. PWT measure recommended The paperselects oneand then the benchmark, against which franchiseand furtherstrength- nate the gold loan space. mentation of the new LTV sive than reported stood To be clear, within the for comparing growth rates, writes asif historyselected it. thelived economicexperience ening its presence across the In FY26, the company’s frameworkarealso expected to untouched, as if it had never paper’s chosen PWT 11.0 keeping the authors' donor Its defence is that 30 years of 1.4 billion peopleis judged. country,”the companysaid in a AUM grew 27% on year to resolve. However, pricing strat- needed the evidence at all. dataset and chosen 14-coun- pool, and the alleged 10% of close fit lets us assume The recipe is familiar. pressrelease on Thursday. %1.60 lakh crore, with retail egy and rising number of Now comesanotherstatis- try pool, its result appears deficit disappears. India fin- actual and synthetic India are Build an elaborate counter- Rakesh Singh, executive and the SME (small and lenders would remain a key tical exercise reaching a robust. The problem begins ishes between roughly parity similar even in unobserved factual. Produce a graph director and CEO — NBFC at medium enterprise) compris- monitorable,” Shreepal Doshi, familiar destination. Remark- onelevel earlier: why that data and 6% ahead, with a better respects.Modern econometric where the historical lines Aditya Birla Capital, said the ing around 68% of the assets. research analyst at Equirus ably, it cites that contested vintage, that GDP conceptand pre-2014 fit. theorygrants nosuch licence:a overlap beautifully. Assign a entryinto thesegmentisanat- In Q1FY27, the AUM was up Securities, said. So farin 2026, claim to call its own estimate that donor pool? Then change the donor model can match history causal label to the later gap. ural extension of the com- 289% on year. prices of gold have surged 18%. conservative. Change the data vintage pool. Apply the authors'stated superblyand still get the after- Report a certainty the design pany’s secured lending strat- According to data by the Ratings agency Icra in their Kevin and Robin Grier of and the verdict changes. Run selection logic more broadly mathwrong. cannot supply. egy. The offering will cater to Reserve Bank of India, NBFC report in July had said that the Texas Tech University claim the same method on the same and 29 economies qualify, not The paper rightly asks that Then tell 1.4 billion Indians various customers across credit to loans against gold entry of new players and large that by 202 3, Indian incomes 14 countries usingWorld Bank 14, creating 118,755 possible donor economies not be dis- thatthe economytheyactually urban and semi-urban mar- jewellery grew 69.3% on year NBFCs in the gold loan space were roughly 10% below data,and about six of every ten five-country baskets. Very dif- torted by idiosyncratic shocks lived through should have kets, and will also serve the to ¥3.41 lakh crore as of June. supportsthe strong growth out- where they would have been well-fitting cocktails put ferent mixes reproduce India's during the treatmentwindow. been much richer, on the existing customers. “We expect the gold loan look for this segment, particu- without Narendra Modi. The actual India ahead. Use the pre- pre-2014 path closely and Applied even-handedly as a authority ofa countrythathas The company will have to momentum to be healthy, larly amid the stress in unse- instrument this time is syn- vious Penn World Table then head in opposite direc- sensitivity test, screening out never existed. compete with Muthoot given the further acceleration curedlendingin therecent past. thetic control. Construct an release, and roughly three- tions. Set aside the war-torn not only economies wrecked arti [Showing first 8,000 characters — download PDF for full document]