Kross Limited — Others, 14-11-2024: Monitoring Agency Report

Kross Limited has communicated the Monitoring Agency Report for the quarter ending September 30, 2024, prepared by India Ratings & Research, regarding the utilization of proceeds from its Initial Public Offer (IPO). The report confirms no deviations from the IPO objectives and indicates the effective use of funds, totaling ₹ 2,500 crore. It notes a surplus of ₹ 7.27 million in available funds for general corporate purposes, which has increased from ₹ 461.92 crore to ₹ 469.19 crore. This positive update may bolster investor confidence, reflecting responsible financial management and adherence to the planned objectives.