Kross Limited — Others, 15-05-2025: Monitoring Agency Report

Kross Limited has announced a Monitoring Agency Report confirming full adherence to the IPO prospectus objectives. Of the INR 250 crore IPO proceeds, INR 135.15 crore has been used—primarily for capital expenditure (INR 20.77 Cr), complete repayment of borrowings (INR 90 Cr), working capital (INR 9.76 Cr), and corporate purposes (INR 41.96 Cr). The remaining INR 75 crore is placed in fixed deposits earning 4.75%–6.5% interest. Capital expenditure and working capital deployment are ongoing, with some activities extending into the next fiscal year, indicating prudent fund management and operational progress.