Kross MD, chairman, board of directors and AGM
NSE: KROSSBSE: 544253Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹294.55.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,978 Cr1,372nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 17 Oct 2026
- 28.5
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 17 Oct 2026
- 3.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 17 Oct 2026
- 14.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 17 Oct 2026
- 15.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 17 Oct 2026
- 0.23
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 84,33,41712.3% delivered
Kross board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorSudhir RaiRelated to the promoter
- Company Secretary and Compliance OfficerDebolina Karmakar
8 directors4 independent4 executive
- Sudhir Rai · Chairperson and managing directorExecutive · joined May 1991 · reappointed Oct 2023 · 1 listed board · 2 committee seats
- Anita RaiExecutive · joined May 1991 · reappointed Oct 2023 · 1 listed board
- Sumeet RaiExecutive · joined Apr 2008 · reappointed Oct 2023 · 1 listed board
- Kunal RaiExecutive · joined Apr 2014 · reappointed Oct 2023 · 1 listed board · 1 committee seat
- Sanjiv PaulIndependent · joined Oct 2023 · reappointed Jul 2026 · 35 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Gurvinder Singh AhujaIndependent · joined Oct 2023 · reappointed Jul 2026 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Deepa VermaIndependent · joined Oct 2023 · reappointed Jul 2026 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Sharat Chandra KumarIndependent · joined Jul 2026 · 2 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Mukesh Kumar Agarwal, left 24 Jul 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 31 Aug 20268 of 8 present4 independent · 37 days in between
- 24 Jul 20268 of 8 present4 independent · 72 days in between
- 12 May 20268 of 8 present4 independent
Audit Committee
Chair Sanjiv Paul
Gurvinder Singh Ahuja, Sudhir Rai
- 31 Aug 20263 of 3 present2 independent · 37 days in between
- 24 Jul 20263 of 3 present2 independent · 72 days in between
- 12 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Deepa Verma
Gurvinder Singh Ahuja, Sudhir Rai, Sharat Chandra Kumar
- 24 Jul 20264 of 4 present3 independent · no day in between
Stakeholders Relationship Committee
Chair Sanjiv Paul
Sudhir Rai, Kunal Rai, Deepa Verma
No meeting listed in the filing.
Risk Management Committee
Chair Sudhir Rai
Gurvinder Singh Ahuja, Sanjiv Paul, Kunal Rai, Deepa Verma, Sumeet Rai
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Sudhir Rai
Deepa Verma, Anita Rai, Sharat Chandra Kumar
- 23 Jul 20264 of 4 present2 independent
Independent Diretors Committee
Chair Sanjiv Paul
Gurvinder Singh Ahuja, Deepa Verma, Sharat Chandra Kumar
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- S K Naredi & Co LLPPeer-review certificate valid to May 2028
1 earlier auditor
- S K Naredi & CoNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Kross AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Kross share news and announcements
Postal ballot, 30 Sep 2026
75,670 shareholders on the register on 21 Aug 2026; votes counted by Mr Sital Prasad Swain / Mr Sital Prasad Swain.The company's voting result (opens in a new tab)
- ISSUE OF EQUITY SHARES ON PREFERENTIAL BASISSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 10.28%
Turnout: all 74.70% · promoters 100.00% · institutions 68.13% · other public 0.37%
- ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASISSpecialPromoters have an interest in it97.30% for2.70% against
Against: promoters 0.00% · institutions 33.21% · other public 10.52%
Turnout: all 74.70% · promoters 100.00% · institutions 68.13% · other public 0.36%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 16 Sep 2026, 7 resolutions
73,978 shareholders on the register on 9 Sep 2026; present: 5 promoters and 44 others; votes counted by Mr Sital Prasad Swain / Mr Sital Prasad Swain.The company's voting result (opens in a new tab)
- ADOPTION OF AUDITED STANDALONE FINANCIAL STATEMENTS AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON FOR THE YEAR ENDED MARCH 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.75%
Turnout: all 74.34% · promoters 100.00% · institutions 65.14% · other public 0.09%
- TO CONSIDER RE-APPOINTMENT OF MR SUMEET RAI (DIN 02304257) AS DIRECTOR OF THE COMPANY WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENTOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.34%
Turnout: all 74.34% · promoters 100.00% · institutions 65.14% · other public 0.09%
- RATIFICATION OF REMUNERATION PAYABLE TO COST AUDITORS FOR FY 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.74%
Turnout: all 74.34% · promoters 100.00% · institutions 65.14% · other public 0.09%
- RE-APPOINTMENT OF MR. SANJIV PAUL (DIN: 00086974) AS AN INDEPENDENT DIRECTOR (CATEGORY – NON- EXECUTIVE) FOR A SECOND TERM OF 3 (THREE) YEARSSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.34%
Turnout: all 74.34% · promoters 100.00% · institutions 65.14% · other public 0.09%
- RE-APPOINTMENT OF MR. GURVINDER SINGH AHUJA (DIN: 08132223) AS AN IINDEPENDENT DIRECTOR (CATEGORY – NON- EXECUTIVE) FOR A SECOND TERM OF 3 (THREE) YEARSSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.24% · other public 5.34%
Turnout: all 74.34% · promoters 100.00% · institutions 65.14% · other public 0.09%
- RE-APPOINTMENT OF MS. DEEPA VERMA (DIN: 10359047) AS AN INDEPENDENT DIRECTOR (CATEGORY – NON- EXECUTIVE) FOR A SECOND TERM OF 3 (THREE) YEARSSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.24% · other public 5.34%
Turnout: all 74.34% · promoters 100.00% · institutions 65.14% · other public 0.09%
- APPOINTMENT OF MR. SHARAT CHANDRA KUMAR (DIN 10223173) AS INDEPENDENT DIRECTOR (CATEGORY – NON-EXECUTIVE) FOR A FIRST TERM OF 3 (THREE) YEARSSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.34%
Turnout: all 74.34% · promoters 100.00% · institutions 65.14% · other public 0.09%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 23 Sep 2025, 4 resolutions
90,876 shareholders on the register on 16 Sep 2025; present: 5 promoters and 46 others; votes counted by Mr Sital Prasad Swain / Mr Sital Prasad Swain.The company's voting result (opens in a new tab)
- Adoption Of Audited Standalone Financial Statements and the Reports of The Board of Directors and Auditors Thereon for the Year Ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 5.63%
Turnout: all 77.31% · promoters 100.00% · institutions 88.44% · other public 0.12%
- Appointment Of Mrs. Anita Rai (DIN: 00513329) as Director, Liable to Retire by RotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 10.05%
Turnout: all 77.31% · promoters 100.00% · institutions 88.44% · other public 0.12%
- Ratification Of Cost Auditor’s Remuneration for FY 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 9.75%
Turnout: all 77.31% · promoters 100.00% · institutions 88.44% · other public 0.12%
- Appointment Of Secretarial Auditor and Approval of his RemunerationOrdinary95.82% for4.18% against
Against: promoters 0.00% · institutions 36.28% · other public 7.97%
Turnout: all 77.31% · promoters 100.00% · institutions 88.44% · other public 0.12%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 30 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS2 for0 against
- ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS2 for0 against
Mutual fund votes, meeting of 16 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- ADOPTION OF AUDITED STANDALONE FINANCIAL STATEMENTS AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON FOR THE YEAR ENDED MARCH 31, 20262 for0 against
- TO CONSIDER RE-APPOINTMENT OF MR SUMEET RAI (DIN 02304257) AS DIRECTOR OF THE COMPANY WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT2 for0 against
- RATIFICATION OF REMUNERATION PAYABLE TO COST AUDITORS FOR FY 2026-272 for0 against
- RE-APPOINTMENT OF MR. SANJIV PAUL (DIN: 00086974) AS AN INDEPENDENT DIRECTOR (CATEGORY – NON- EXECUTIVE) FOR A SECOND TERM OF 3 (THREE) YEARS2 for0 against
- RE-APPOINTMENT OF MR. GURVINDER SINGH AHUJA (DIN: 08132223) AS AN IINDEPENDENT DIRECTOR (CATEGORY – NON- EXECUTIVE) FOR A SECOND TERM OF 3 (THREE) YEARS2 for0 against
- RE-APPOINTMENT OF MS. DEEPA VERMA (DIN: 10359047) AS AN INDEPENDENT DIRECTOR (CATEGORY – NON- EXECUTIVE) FOR A SECOND TERM OF 3 (THREE) YEARS2 for0 against
- APPOINTMENT OF MR. SHARAT CHANDRA KUMAR (DIN 10223173) AS INDEPENDENT DIRECTOR (CATEGORY – NON-EXECUTIVE) FOR A FIRST TERM OF 3 (THREE) YEARS2 for0 against
1 earlier meeting
Mutual fund votes, meeting of 23 Sep 2025, 6 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption Of Audited Standalone Financial Statements and the Reports of The Board of Directors and Auditors Thereon for the Year Ended March 31, 20256 for0 against
- Appointment Of Mrs. Anita Rai (DIN: 00513329) as Director, Liable to Retire by Rotation6 for0 against
- Appointment Of Secretarial Auditor and Approval of his Remuneration
Against Edelweiss Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund
- Edelweiss Mutual FundNo concern on the merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed fee payable to Secretarial Auditors not disclosed.
- Kotak Mahindra Mutual FundThe company proposes to appoint Sital Prasad Swain as secretarial auditor for five years from FY26. Company has failed to provide the auditor s fees which is a regulatory requirements. Hence, we do not favour the resolution.
- LIC Mutual FundConcerns over Proposed fee payable to Secretarial Auditors not disclosed.
3 for3 against
1 proposal not matched to one resolution
Ratification of remuneration of INR 70,000/- plus applicable taxes and out-of-pocket expenses payable to M/s. Aditya Bhojgaria and Co, Cost Accountants (Firm Registration No.: 000809), who have been appointed by the Board of Directors on the recommendation of Audit Committee, as the Cost Auditors of the Company to conduct the Audit of the Cost Records maintained by the Company as prescribed under the Companies (Cost Record and Audit) Rules, 2014 as amended for the Financial Year ending March 31, 2026.MoreLess
6 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeCGST & Central Excise AdityapurSince 31 Mar 2023The company has filed appeal before the Commissioner of GST and CX (Appeals) Ranchi and the same is pending for orderAt the filing before: Demand against Excise Duty on assessable value for the period 2015 - 16 to 2017 - 18 (April - June 2017)
- Tax disputeCGST & Central Excise AdityapurSince 31 Mar 2023The company has filed appeal before the Commissioner of GST and CX (Appeals) Ranchi and the same is pending for orderAt the filing before: Demand against Excise Duty on job workers during the period December 2011 to June 2017
- Tax disputeCGST & Central Excise AdityapurSince 3 May 2023The company has filed appeal before the Commissioner of GST and CX (Appeals) Ranchi and the same is pending for orderAt the filing before: Demand against excise duty for the period April 2007 to June 2017 on the issue of removal of scrap
- Tax disputeCGST & Central Excise AdityapurSince 30 Aug 2023
Company has filed the WRIT petition with High Court, Ranchi on 23.09.25 for stay of the tax recovery but High court has directed that once Tribunal is operative to file the case before the Tribunal as that would be the appropriate channel to go through, thereafter the company have filed the case in Tribunal Appeal on 23.06.26MoreLess
At the filing before: Noticee has carried forward excess credit of CENVAT in Tran - 1
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesSep 2024, checked by India Ratings and Research Private Limited | 500.00 | Funding of capital expenditure requirements of our Company towards purchase of machinery and equipment | 70.00 | 70.00 | No |
| Public IssuesSep 2024, checked by India Ratings and Research Private Limited | 500.00 | Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions | 90.00 | 90.00 | No |
| Public IssuesSep 2024, checked by India Ratings and Research Private Limited | 500.00 | Funding working capital requirements of the Company | 30.00 | 30.00 | No |
| Public IssuesSep 2024, checked by India Ratings and Research Private Limited | 500.00 | General corporate purposes | 46.92 | 46.92 | No |
| Public IssuesSep 2024, checked by India Ratings and Research Private Limited | 500.00 | Offer Expenses | 13.08 | 13.08 | No |