Kross Limited — Others, 07-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Kross Limited has announced a board meeting to review the utilization of proceeds from its Initial Public Offering (IPO) for the quarter ended December 31, 2024. The company confirmed that there was no deviation or variation in the utilization of these funds. The total amount raised from the IPO was ₹2,500 million (Net ₹2,369.19 million). The Audit Committee reviewed the statement, affirming compliance with the original allocation for capital expenditures, loan repayments, working capital, and general corporate purposes.

This stability in fund utilization suggests a disciplined approach to financial management, potentially boosting investor confidence and maintaining a positive outlook for future growth.