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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-Q

[ x ] Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2010

OR

[ ] Transition Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 
For the transition period from
_____________to _____________

COMMISSION FILE NUMBER: 333-142096

KRANTI RESOURCES,
INC.(Exact name of Registrant as specified in its
charter)

|NEVADA                                           | 98-0513655                          
|------------------------------------------------ | ------------------------------------
|(State or other jurisdiction of incorporation or | (IRS Employer Identification Number)
|organization)                                    |                                     

6705 Tomken Rd., Suite 211Mississauga, ON Canada L5T 2J6(Address of principal
executive offices)

(905) 670-0663(Issuer's telephone number)

Indicate by check mark whether the
Registrant (1) has filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period that the Registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days. Yes [
x ] No [ ]

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
Yes [ ] No [] Not required [ X ]

Indicate by check mark whether the Registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of large accelerated filer,
accelerated filer, and smaller reporting company in Rule 12b-2 of the
Exchange Act.

|Large accelerated filer [ ] |                                               | Accelerated filer [ ]        
|--------------------------- | --------------------------------------------- | -----------------------------
|Non-accelerated filer [ ]   | (Do not check if a smaller reporting company) | Smaller reporting company [X]

Indicate by check mark whether the Registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes [ x ] No [ ]

Indicate the number of shares outstanding of each of the
issuers classes of common stock, as of the latest practicable date. As at
May 12, 2010 there were 43,875,000 common shares issued and outstanding.

1

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KRANTI RESOURCES, INC.

FORM 10-QFOR THE QUARTERLY PERIOD ENDED MARCH 31,
2010 TABLE OF CONTENTS

|               |                                                                                             | PAGE
|-------------- | ------------------------------------------------------------------------------------------- | ----
|               |                                                                                             |     
|               | PART I - FINANCIAL INFORMATION                                                              |     
|               |                                                                                             |     
|Item
      1.  | Financial
      Statements                                                                  | 3   
|               |                                                                                             |     
|Item
      2.  | Managements
      Discussion and Analysis of Financial Condition and Results of Operations | 15  
|               |                                                                                             |     
|Item
      3.  | Quantitative
      and Qualitative Disclosures About Market Risk                            | 17  
|               |                                                                                             |     
|Item
      4T. | Controls
      and Procedures                                                               | 17  
|               |                                                                                             |     
|               | PART II - OTHER
      INFORMATION                                                           |     
|               |                                                                                             |     
|Item
      1.  | Legal
      Proceedings                                                                     | 18  
|               |                                                                                             |     
|Item
      1A. | Risk
      Factors                                                                          | 18  
|               |                                                                                             |     
|Item
      2.  | Unregistered
      Sales of Equity Securities and Use of Proceeds                           | 18  
|               |                                                                                             |     
|Item
      3.  | Defaults
      Upon Senior Securities                                                       | 18  
|               |                                                                                             |     
|Item
      4.  | (Removed
      and Reserved)                                                                | 18  
|               |                                                                                             |     
|Item
      5.  | Other
      Information                                                                     | 18  
|               |                                                                                             |     
|Item
      6.  | Exhibits                                                                                    | 18  
|               |                                                                                             |     
|               | SIGNATURES                                                                                  |     

2

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PART I  FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The accompanying unaudited financial statements have been
prepared in accordance with accounting principles generally accepted in the
United States of America and the rules of the Securities and Exchange Commission
("SEC"), and should be read in conjunction with the audited financial statements
and notes thereto contained in the Company's Form 10-K filed with the SEC on
March 31, 2010. In the opinion of management, all adjustments, consisting of
normal recurring adjustments, necessary for a fair presentation of financial
position and the results of operations for the periods presented have been
reflected herein. The results of operations for the periods presented are not
necessarily indicative of the results to be expected for the full year ending
December 31, 2010.

3

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KRANTI RESOURCES, INC.

(An Exploration Stage Company)

INTERIM FINANCIAL STATEMENTS

MARCH 31, 2010

(Unaudited)

4

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|Kranti Resources, Inc.        
|------------------------------
|(An Exploration Stage Company)
|Balance
      Sheets          

|                                                                                                              |   | As of       |   |   | As of       |  
|------------------------------------------------------------------------------------------------------------- | - | ----------- | - | - | ----------- | -
|                                                                                                              |   | March 31,   |   |   | December 31 |  
|                                                                                                              |   | 2010        |   |   | 2009        |  
|                                                                                                              |   | (Unaudited) |   |   |             |  
|ASSETS                                                                                                        |   |             |   |   |             |  
|Current Assets                                                                                                |   |             |   |   |             |  
|Cash                                                                                                          | $ | 53          |   | $ | 53          |  
|Prepaid expenses                                                                                              |   | -           |   |   | -           |  
|Total Current
      Assets                                                                                    |   | 53          |   |   | 53          |  
|                                                                                                              |   |             |   |   |             |  
|TOTAL ASSETS                                                                                                  | $ | 53          |   | $ | 53          |  
|                                                                                                              |   |             |   |   |             |  
|                                                                                                              |   |             |   |   |             |  
|LIABILITIES AND STOCKHOLDERS DEFICIT                                                                         |   |             |   |   |             |  
|                                                                                                              |   |             |   |   |             |  
|LIABILITIES                                                                                                   |   |             |   |   |             |  
|Current Liabilities                                                                                           |   |             |   |   |             |  
|Accounts payable                                                                                              | $ | 5,727       |   | $ | 1,700       |  
|Due to related party (note 6)                                                                                 |   | 17,820      |   |   | 12,423      |  
|Total Liabilities                                                                                             |   | 23,547      |   |   | 14,123      |  
|                                                                                                              |   |             |   |   |             |  
|STOCKHOLDERS DEFICIT (note 3)                                                                                |   |             |   |   |             |  
|Preferred stock, par
      value $0.001, 100,000,000 shares authorized, none issued and outstanding           |   | -           |   |   | -           |  
|Common stock, par value $0.001,
      500,000,000 shares authorized, 43,875,000 shares issued and outstanding |   | 43,875      |   |   | 43,875      |  
|Additional paid-in capital                                                                                    |   | 41,625      |   |   | 41,625      |  
|Deficit accumulated during the exploration
      stage                                                        |   | (108,994    | ) |   | (99,570     | )
|Total
      Stockholders Deficit                                                                             |   | (23,494     | ) |   | (14,070     | )
|                                                                                                              |   |             |   |   |             |  
|TOTAL LIABILITIES AND STOCKHOLDERS
      DEFICIT                                                             | $ | 53          |   | $ | 53          |  

The accompanying notes are an integral part of these financial
statements.

5

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|Kranti Resources, Inc.          
|--------------------------------
|(An Exploration Stage Company)  
|Interim Statements of Operations
|(Unaudited)                     

|                                                           |   |                              |   |   |            |   |   | Cumulative     |  
|---------------------------------------------------------- | - | ---------------------------- | - | - | ---------- | - | - | -------------- | -
|                                                           |   |                              |   |   |            |   |   | From Inception |  
|                                                           |   |                              |   |   |            |   |   | (November 3,   |  
|                                                           |   |                              |   |   |            |   |   | 2006) to       |  
|                                                           |   | Three Months Ended March 31, |   |   | March 31,  |  
|                                                           |   | 2010                         |   |   | 2009       |   |   | 2010           |  
|                                                           |   |                              |   |   |            |   |   |                |  
|REVENUES:                                                  | $ | -                            |   | $ | -          |   | $ | -              |  
|                                                           |   |                              |   |   |            |   |   |                |  
|OPERATING EXPENSES:                                        |   |                              |   |   |            |   |   |                |  
|General and administrative expenses                        |   | -                            |   |   | 58         |   |   | 592            |  
|Mining expenses                                            |   | -                            |   |   | -          |   |   | 49,044         |  
|Professional fees                                          |   | 9,424                        |   |   | 6,775      |   |   | 59,750         |  
|Total
      Operating Expenses                             |   | 9,424                        |   |   | 6,833      |   |   | 109,386        |  
|                                                           |   |                              |   |   |            |   |   |                |  
|OTHER INCOME AND EXPENSE                                   |   |                              |   |   |            |   |   |                |  
|Interest income                                            |   | -                            |   |   | 3          |   |   | 392            |  
|                                                           |   |                              |   |   |            |   |   |                |  
|NET LOSS APPLICABLE TO COMMON SHARES                       | $ | (9,424                       | ) | $ | (6,830     | ) | $ | (108,994       | )
|                                                           |   |                              |   |   |            |   |   |                |  
|Basic and Diluted Loss per Common Share                    | $ | (0.00                        | ) | $ | (0.00      | ) |   |                |  
|                                                           |   |                              |   |   |            |   |   |                |  
|Weighted Average Number of Common Shares
      Outstanding |   | 43,875,000                   |   |   | 43,875,000 |   |   |                |  

The accompanying notes are an integral part of these financial
statements.

6

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|Kranti Resources, Inc.                                                
|----------------------------------------------------------------------
|(An Exploration Stage Company)                                        
|Interim Statement of Changes in Stockholders Equity
      (Deficit)  
|For the
      Period of November 3, 2006 (Inception) to March 31, 2010

|                                                                           |  |               |  |   |         |  |   |             |  |   | Deficit       |   |   |                  |  
|-------------------------------------------------------------------------- |  | ------------- |  | - | ------- |  | - | ----------- |  | - | ------------- | - | - | ---------------- | -
|                                                                           |  |               |  |   |         |  |   |             |  |   | Accumulated   |   |   |                  |  
|                                                                           |  |               |  |   |         |  |   | Additional  |  |   | During the    |   |   | Total            |  
|                                                                           |  | Common Shares |  |   | Paid-In |  |   | Exploration |  |   | Stockholders |  
|                                                                           |  | Shares        |  |   | Amount  |  |   | Capital     |  |   | Stage         |   |   | Equity (Deficit) |  
|Balance - November 3, 2006 (Inception)                                     |  | -             |  | $ | -       |  | $ | -           |  | $ | -             |   | $ | -                |  
|Common shares issued for cash at $0.001
      per share, November 20, 2006 |  | 5,000,000     |  |   | 5,000   |  |   | -           |  |   | -             |   |   | 5,000            |  
|Common shares issued for cash
      at $0.001 per share, December 13, 2006 |  | 25,000,000    |  |   | 25,000  |  |   | -           |  |   | -             |   |   | 25,000           |  
|Loss for the period                                                        |  | -             |  |   | -       |  |   | -           |  |   | (1,944        | ) |   | (1,944           | )
|Balance - December 31, 2006                                                |  | 30,000,000    |  |   | 30,000  |  |   | -           |  |   | (1,944        | ) |   | 28,056           |  
|Common shares issued for cash at $0.004 per
      share, August 29, 2007   |  | 13,875,000    |  |   | 13,875  |  |   | 41,625      |  |   | -             |   |   | 55,500           |  
|Loss for the year                                                          |  | -             |  |   | -       |  |   | -           |  |   | (55,960       | ) |   | (55,960          | )
|Balance  December 31, 2007                                                |  | 43,875,000    |  |   | 43,875  |  |   | 41,625      |  |   | (57,904       | ) |   | 27,596           |  
|Loss for the year                                                          |  | -             |  |   | -       |  |   | -           |  |   | (24,902       | ) |   | (24,902          | )
|Balance  December 31, 2008                                                |  | 43,875,000    |  |   | 43,875  |  |   | 41,625      |  |   | (82,806       | ) |   | 2,694            |  
|Loss for the year                                                          |  | -             |  |   | -       |  |   | -           |  |   | (16,764       | ) |   | (16,764          | )
|Balance  December 31, 2009                                                |  | 43,875,000    |  |   | 43,875  |  |   | 41,625      |  |   | (99,570       | ) |   | (14,070          | )
|Loss for the period
      (unaudited)                                      |  | -             |  |   | -       |  |   | -           |  |   | (9,424        | ) |   | (9,424           | )
|Balance  March 31, 2010 (unaudited)                                       |  | 43,875,000    |  | $ | 43,875  |  | $ | 41,625      |  | $ | (108,994      | ) | $ | (23,494          | )

The accompanying notes are an integral part of these financial
statements.

7

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|Kranti Resources, Inc.          
|--------------------------------
|(An Exploration Stage Company)  
|Interim Statements of Cash Flows
|(Unaudited)                     

|                                                                                  |   |                              |   |   |           |   |   | Cumulative     |  
|--------------------------------------------------------------------------------- | - | ---------------------------- | - | - | --------- | - | - | -------------- | -
|                                                                                  |   |                              |   |   |           |   |   | From Inception |  
|                                                                                  |   |                              |   |   |           |   |   | (November 3,   |  
|                                                                                  |   |                              |   |   |           |   |   | 2006) to       |  
|                                                                                  |   | Three Months Ended March 31, |   |   | March 31, |  
|                                                                                  |   | 2010                         |   |   | 2009      |   |   | 2010           |  
|                                                                                  |   |                              |   |   |           |   |   |                |  
|CASH FLOWS FROM OPERATING ACTIVITIES                                              |   |                              |   |   |           |   |   |                |  
|Net loss                                                                          | $ | (9,424                       | ) | $ | (6,830    | ) | $ | (108,994       | )
|                                                                                  |   |                              |   |   |           |   |   |                |  
|Adjustments to reconcile net loss to net
      cash used in operating activities: |   |                              |   |   |           |   |   |                |  
|Changes in operating assets and liabilities:                                      |   |                              |   |   |           |   |   |                |  
|Decrease in
      prepaid expenses                                                |   | -                            |   |   | 50        |   |   | -              |  
|Increase in accounts payable                                                      |   | 4,027                        |   |   | 1,300     |   |   | 5,727          |  
|Net cash used in operating
      activities                                       |   | (5,397                       | ) |   | (5,480    | ) |   | (103,267       | )
|                                                                                  |   |                              |   |   |           |   |   |                |  
|CASH FLOWS FROM INVESTING ACTIVITIES                                              |   |                              |   |   |           |   |   |                |  
|Net cash provided by (used in) investing
      activities                         |   | -                            |   |   | -         |   |   | -              |  
|                                                                                  |   |                              |   |   |           |   |   |                |  
|CASH FLOWS FROM FINANCING ACTIVITIES                                              |   |                              |   |   |           |   |   |                |  
|Advance from related party                                                        |   | 5,397                        |   |   | -         |   |   | 17,820         |  
|Issuance of common stock for cash                                                 |   | -                            |   |   | -         |   |   | 85,500         |  
|Net cash provided by
      financing activities                                   |   | 5,397                        |   |   | -         |   |   | 103,320        |  
|                                                                                  |   |                              |   |   |           |   |   |                |  
|Net increase (decrease) in cash and cash
      equivalents                        |   | -                            |   |   | (5,480    | ) |   | 53             |  
|                                                                                  |   |                              |   |   |           |   |   |                |  
|Cash and cash equivalents - beginning of
      period                             |   | 53                           |   |   | 10,309    |   |   | -              |  
|                                                                                  |   |                              |   |   |           |   |   |                |  
|Cash and cash equivalents - end of
      period                                   | $ | 53                           |   | $ | 4,829     |   | $ | 53             |  
|                                                                                  |   |                              |   |   |           |   |   |                |  
|Supplemental Cash Flow Disclosure:                                                |   |                              |   |   |           |   |   |                |  
|Cash paid for interest                                                            | $ | -                            |   | $ | -         |   | $ | -              |  
|Cash paid for
      income taxes                                                  | $ | -                            |   | $ | -         |   | $ | -              |  

The accompanying notes are an integral part of these financial
statements.

8

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|Kranti Resources, Inc.               
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|March 31, 2010                       
|(Unaudited)                          

|1. | Organization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Kranti Resources, Inc. (the Company), an exploration
      stage company, was incorporated on November 3, 2006 in the State of
      Nevada, U.S.A. It is based in Mississauga, Ontario, Canada. The accounting
      and reporting policies of the Company conform to accounting principles
      generally accepted in the United States of America, and the Companys
      fiscal year end is December 31.                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | The Company is an exploration stage company that engages
      primarily in the acquisition, exploration and development of resource
      properties. The Company has the right to conduct exploration work on one
      (1) mineral mining claim in Clinton Mining Division, British Columbia,
      Canada, and has not yet determined whether this property contains reserves
      that are economically recoverable. To date, the Companys activities have
      been limited to its formation, the raising of equity capital, and its
      mining exploration work program.                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Exploration Stage Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | The Company is considered to be in the exploration stage
      as defined in FASC 915-10-05 Development Stage Entity, and
      interpreted by the Securities and Exchange Commission for mining companies
      in Industry Guide 7. The Company has been devoting substantially all of
      its efforts to development of business plans and the exploration of
      mineral properties since inception, but has recently discontinued
      exploration on its properties described in Note 5. Management is currently
      contemplating other ventures of merit to enhance stockholder
  value.                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|2. | Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Use of Estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | The preparation of the Companys financial statements in
      conformity with accounting principles generally accepted in the United
      States requires management to make estimates and assumptions that affect
      the reported amounts of assets and liabilities, and disclosure of
      contingent assets and liabilities at the date of the financial statements,
      and the reported amount of revenues and expenses during the reporting
      period. Actual results could differ from those estimates. The Companys
      periodic filings with the Securities and Exchange Commission include,
      where applicable, disclosures of estimates, assumptions, uncertainties and
      markets that could affect the financial statements and future operations
      of the Company.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Cash and Cash Equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Cash and cash equivalents include cash in banks, money
      market funds, and certificates of term deposits with maturities of less
      than three months from inception, which are readily convertible to known
      amounts of cash and which, in the opinion of management, are subject to an
      insignificant risk of loss in value. The Company had $53 in cash and cash
      equivalents at March 31, 2010 and December 31, 2009.                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Start-Up Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | In accordance with FASC 720-15-20 Start-up
      Activities, the Company expenses all costs incurred in connection
      with the start-up and organization of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

9

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|Kranti Resources, Inc.               
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|March 31, 2010                       
|(Unaudited)                          

|2. | Significant Accounting Policies
      Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | Mineral Acquisition and Exploration
Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | The Company has been in the exploration stage since its
      formation on November 3, 2006 and has not yet realized any revenue from
      its planned operations. It is primarily engaged in the acquisition,
      exploration, and development of mining properties. Mineral property
      acquisition and exploration costs are expensed as incurred. When it has
      been determined that a mineral property can be economically developed as a
      result of establishing proven and probable reserves, the costs incurred to
      develop such property are capitalized. Such costs will be amortized using
      the units-of-production method over the estimated life of the probable
      reserves.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | Net Income or (Loss) Per Share of Common
    Stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | The Company has adopted FASC 260-10-20, Earnings per
      Share,(EPS) which requires presentation of basic and diluted EPS
      on the face of the income statement for all entities with complex capital
      structures and requires a reconciliation of the numerator and denominator
      of the basic EPS computation to the numerator and denominator of the
      diluted EPS computation. In the accompanying financial statements, basic
      earnings (loss) per share is computed by dividing net income (loss) by the
      weighted average number of shares of common stock outstanding during the
      period.                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | The following table sets forth the computation of basic
      and diluted earnings per share:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

| |                                                          |   | Three Months Ended March 31, |  
| | -------------------------------------------------------- | - | ---------------------------- | -
| |                                                          |   | 2010                         |  
| |                                                          |   |                              |  
| | Net loss                                                 | $ | (9,424                       | )
| |                                                          |   |                              |  
| | Weighted average common shares outstanding
      (Basic) |   | 43,875,000                   |  
| | Options                                                  |   | -                            |  
| | Warrants                                                 |   | -                            |  
| | Weighted average common shares outstanding (Diluted)     |   | 43,875,000                   |  
| |                                                          |   |                              |  
| | Net loss per share (Basic and Diluted)                   | $ | (0.00                        | )

The Company has no potentially dilutive
securities, such as options or warrants, currently issued and outstanding.

10

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|Kranti Resources, Inc.               
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|March 31, 2010                       
|(Unaudited)                          

|2. | Significant Accounting Policies-
      Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Concentrations of Credit Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | The Companys financial instruments that are exposed to
      concentrations of credit risk primarily consist of its cash and cash
      equivalents and related party payables. The Company places its cash and
      cash equivalents with financial institutions of high credit worthiness. At
      times, its cash and cash equivalents with a particular financial
      institution may exceed any applicable government insurance limits. The
      Companys management plans to assess the financial strength and credit
      worthiness of any parties to which it extends funds, and as such, it
      believes that any associated credit risk exposures are limited.                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Foreign Currency Translations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | The Companys functional currency is the Canadian dollar.
      The Companys reporting currency is the U.S. dollar. All transactions
      initiated in Canadian dollars are translated into U.S. dollars in
      accordance with FASC 830-10-20, "Foreign Currency Translation"as
      follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | i) Monetary assets and liabilities at the rate of
      exchange in effect at the balance sheet date. 
      ii) Equity at historical
      rates. 
      iii) Revenue and expense items at the average rate of exchange
    prevailing during the period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Adjustments arising from such translations are deferred
      until realization and are included as a separate component of
      stockholders equity (deficit) as a component of comprehensive income
      (loss). Therefore, translation adjustments are not included in determining
      net income (loss) but reported as other comprehensive income
  (loss).                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | For foreign currency transactions, the Company translates
      these amounts to the Companys functional currency at the exchange rate
      effective on the invoice date. If the exchange rate changes between the
      time of purchase and the time actual payment is made, a foreign exchange
      transaction gain or loss results which is included in determining net
      income for the period.                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | No significant realized exchange gain or losses were
      recorded from inception (November 3, 2006) to March 31, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Recent Accounting Pronouncements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | In June 2009, the FASB established the Accounting
      Standards Codification (Codification or ASC) as the source of
      authoritative accounting principles recognized by the FASB to be applied
      by nongovernmental entities in the preparation of financial statements in
      accordance with generally accepted accounting principles in the United
      States (GAAP). Rules and interpretive releases of the Securities and
      Exchange Commission (SEC) issued under authority of federal securities
      laws are also sources of GAAP for SEC registrants. Existing GAAP was not
      intended to be changed as a result of the Codification, and accordingly
      the change did not impact our financial statements. The ASC does change
      the way the guidance is organized and presented.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Statement of Financial Accounting Standards (SFAS) No.
      165 (ASC Topic 855), Subsequent Events, SFAS No. 166 (ASC Topic
      810), Accounting for Transfers of Financial Assets-an Amendment of
      FASB Statement No. 140, SFAS No. 167 (ASC Topic 810), Amendments
      to FASB Interpretation No. 46(R), and SFAS No. 168 (ASC Topic 105),
      The FASB Accounting Standards                                                                                                                                                                                                                                                                                                                                                                                                                                

11

---

|Kranti Resources, Inc.               
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|March 31, 2010                       
|(Unaudited)                          

|2. | Significant Accounting Policies -Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | Recent Accounting Pronouncements Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | Codification and the Hierarchy of Generally Accepted
      Accounting Principles- a replacement of FASB Statement No. 162 were
      recently issued. SFAS No. 165, 166, 167, and 168 have no current
      applicability to the Company or their effect on the financial statements
      would not have been significant.                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | Accounting Standards Update (ASU) ASU No. 2009-05 (ASC
      Topic 820), which amends Fair Value Measurements and Disclosures 
      Overall, ASU No. 2009-13 (ASC Topic 605), Multiple Deliverable Revenue
      Arrangements, ASU No. 2009-14 (ASC Topic 985), Certain Revenue
      Arrangements that include Software Elements, and various other ASUs No.
      2009-2 through ASU No. 2010-11 which contain technical corrections to
      existing guidance or affect guidance to specialized industries or entities
      were recently issued. These updates have no current applicability to the
      Company or their effect on the financial statements would not have been
      significant.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|3. | Stockholders Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | Authorized Stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | At inception, the Company authorized 100,000,000 common
      shares and 100,000,000 preferred shares, both with a par value of $0.001
      per share. Each common share entitles the holder to one vote, in person or
      proxy, on any matter on which action of the stockholders of the
      corporation is sought.                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | Effective April 30, 2009 the Company increased the number
      of authorized shares to 600,000,000 shares, of which 500,000,000 shares
      are designated as common stock par value $0.001 per share, and 100,000,000
      shares are designated as preferred stock, par value $0.001 per
    share.                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | Share Issuances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | On April 27, 2009, the Board authorized a 10 for 1
      forward split of its common stock effective May 19, 2009. Each stockholder
      of record on May 18, 2009 received ten (10) new shares of the Companys
      $0.001 par value stock for every one (1) old share outstanding. The
      effects of the split have been retroactively applied to all periods
      presented in the accompanying financial
statements.                                                                                                                                                                                                                                                                                

Since its inception (November 3, 2006),
the Company has issued shares of its common stock as follows, retroactively
adjusted to give effect to the 10 for 1 forward split:

Price PerDate
    Description
    Shares
    Share
    Amount11/20/06
    Shares issued for cash
    5,000,000
    $ 0.001
    $ 5,00012/13/06
    Shares issued for cash
    25,000,000
    0.001
    25,00008/29/07
    Shares issued for cash
    13,875,000
    0.004
    55,50003/31/10
    Cumulative Totals
    43,875,000
    
    $ 85,500


12

---

|Kranti Resources, Inc.               
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|March 31, 2010                       
|(Unaudited)                          

|3. | Stockholders Equity- Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | Share Issuances- Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | Of these shares, 20,000,000 were issued to a director and
      former officer of the Company, 10,000,000 were issued to former directors
      of the Company, and 13,875,000 were issued to unaffiliated
    investors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | There are no preferred shares outstanding. The Company
      has no stock option plan, warrants or other dilutive securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|4. | Provision for Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | The Company recognizes the tax effects of transactions in
      the year in which such transactions enter into the determination of net
      income, regardless of when reported for tax purposes. Deferred taxes are
      provided in the financial statements under FASC 718-740-20 to give effect
      to the resulting temporary differences which may arise from differences in
      the bases of fixed assets, depreciation methods, allowances, and start-up
      costs based on the income taxes expected to be payable in future years.
      Minimal exploration stage deferred tax assets arising as a result of net
      operating loss carryforwards have been offset completely by a valuation
      allowance due to the uncertainty of their utilization in future periods.
      Operating loss carryforwards generated during the period from November 3,
      2006 (date of inception) through March 31, 2010 of $108,994 will begin to
      expire in 2026. Accordingly, deferred tax assets of approximately $38,100
      were offset by the valuation allowance, which increased by $3,300 and
      $2,400 during the three months ended March 31, 2010 and 2009,
      respectively.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|5. | Mineral Property Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | On January 18, 2007, the Company entered into an option
      to purchase agreement (the Agreement) to purchase an undivided interest in
      one (1) mining claim, consisting of 478.495 Hectares (1,182.362 Acres) on
      property located in the Clinton Mining District, British Columbia, Canada
      (the Property) for $20,000 USD, which was paid upon the Agreements
      inception. In addition to the property payment, as most recently amended
      February 11, 2010, the Company is required to incur $275,000 CAD (Canadian
      Dollars) of exploration work on the property over four years as follows:
      expenditures of $25,000 CAD on or before the first anniversary date
      (paid), $50,000 CAD on or before June 30, 2010, $100,000 CAD on or before
      December 31, 2010, and $100,000 CAD on or before the fourth anniversary
      date. Since the contract is terminable by either party at any time, no
      accrual provision has been made for these expenditures.                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | The Company is required to pay a 4% royalty on all
      mineral commodities sold from the property as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

13

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|Kranti Resources, Inc.               
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|March 31, 2010                       
|(Unaudited)                          

|5. | Mineral Property Costs-
Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | During October 2007, per the recommendation of a
      Geologist, the Company spent $14,290 CAD ($14,954 USD) on our work
      program. This expenditure is part of our required exploration work
      commitment. The program consisted of surveying a control grid, soil and
      rock chip sampling and geological mapping. An additional $10,775 USD in
      mining expenses was incurred and spent during the year ended December 31,
      2008. The Company has met its obligation to spend at least $25,000 CAD in
      work program expenses on the property.                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | The Company is also responsible for maintaining the
      mineral claim in good standing by paying all the necessary rents, taxes,
      and filing fees associated with the Property. As of March 31, 2010, the
      Company met these obligations.                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|6. | Due to Related Party                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | As of March 31, 2010 and December 31, 2009, the Company
      was obligated to a director, who is also a stockholder, for a non-interest
      bearing demand loan with a balance of $17,820 and $12,243, respectively.
      The Company plans to pay the loan back as cash flows become available.
      Interest has not been imputed on these advances due to its immaterial
      impact on the financial statements.                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|7. | Going Concern and Liquidity
  Considerations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | The accompanying financial statements have been prepared
      assuming that the Company will continue as a going concern, which
      contemplates, among other things, the realization of assets and
      satisfaction of liabilities in the normal course of business. As of March
      31, 2010, the Company had a working capital deficiency of $23,494 and an
      accumulated deficit of $108,994. The Company intends to fund operations
      through equity financing arrangements, which may be insufficient to fund
      its capital expenditures, working capital and other cash requirements for
      the next twelve months.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | The ability of the Company to emerge from the exploration
      stage is dependent upon, among other things, obtaining additional
      financing to continue operations, explore and develop the mineral
      properties, and the discovery, development and sale of ore reserves. In
      response to these problems, management intends to raise additional funds
      through public or private placement offerings.                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | These factors, among others, raise substantial doubt
      about the Companys ability to continue as a going concern. The
      accompanying financial statements do not include any adjustments that
      might result from the outcome of this uncertainty.                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|8. | Subsequent Events                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | The Company has evaluated events from March 31, 2010
      through the date whereupon the financial statements were issued and has
      determined that there are no additional items to
  disclose.                                                                                                                                                                                                                                                                                                                                                                                                                                           

14

---



|ITEM 2. | MANAGEMENTS DISCUSSION AND ANALYSIS OF
      FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|------- | -------------------------------------------------------------------------------------------

General Overview

We were incorporated in the State of Nevada on November 3, 2006
to engage in the acquisition, exploration, and development of mineral deposits
and reserves. On January 18, 2007 we entered into a Mineral Claim Purchase
Agreement (the Agreement) to which we acquired an option to purchase an
undivided interest in one (1) mining claim, consisting of 478.495 Hectares
(1,182.362 Acres) on property located in the Clinton Mining District, British
Columbia, Canada (The Bradley Creek Claim). Under the terms of the Agreement,
as amended on February 11, 2010, we paid $20,000 USD upon the Agreements
inception and agreed to make exploration expenditures on the property of
$275,000 CAD (Canadian Dollars) over a four-year period. During the initial
exploration, no commercial quantities of gold or other minerals were discovered
and in October 2007, we ceased exploration on the prospect. We do not claim to
have any minerals or reserves whatsoever at this time on any of the property.
Our management has no current plans for the property at this time, and all of
our exploration operations have been discontinued. Following the discontinuation
of our planned mineral acquisition, exploration, and development activities
through the present, we have determined to look at other ventures of merit to
enhance stockholder value. These ventures may involve sales of our debt or
equity security in merger, acquisition, or similar transactions. To date, we
have achieved no operating revenues and have yet to engage in any such
ventures.

Results of Operations

We are an exploration stage corporation. We have generated no
revenues (other than minimal interest income) since inception (November 3, 2006)
and have incurred $109,386 in expenses through March 31, 2010, resulting in an
accumulated deficit of $108,994.

The following table provides selected financial data about our
company as of and for the periods ended March 31, 2010 and December 31,
2009.

Balance Sheet
    
    
    As of
    
    
    As ofData:
    
    
    March 31, 2010
    
    
    December 31, 2009Cash
    
    $
    53
    
    $
    53Total assets
    
    $
    53
    
    $
    53Total liabilities
    
    $
    23,547
    
    $
    14,123Stockholders' equity (deficit)
    
    $
    (23,494)
    
    $
    (14,070)


Net cash provided by financing activities since inception
through March 31, 2010, was $103,320, consisting of $30,000 raised from the sale
of common shares to a current and former directors,$55,500 from the sale of shares through our SB-2 registration
statement to non-affiliated individuals and $17,820 in loans from a former
officer and current director of the Company.

15

---

Plan of Operation

We were formed to engage in the acquisition, exploration, and
development of mineral deposits and reserves. We conducted minimal operations in
this line of business. We have experienced difficulties in obtaining financing
for our business and have shifted some of our focus to investigating other
business opportunities. These opportunities include possible acquisitions or
joint venture arrangements in this and other industries. We can provide no
assurance that these efforts in exploring possible acquisitions or joint venture
arrangements will come to fruition. Additionally, if any new ventures are
successfully negotiated, we can provide no assurance that such new venture will
have enough financial resources to fully develop the new venture. Although we
will continue to explore financing options based upon our existing business
plan, our plan of operations for the next 12 months will also include further
investigation of forming partnerships with other entities and researching other
business opportunities.

We have minimal operating costs and expenses at the present
time due to our limited business activities. However, because of our limited
cash in the bank, we will be required to raise additional capital over the next
twelve months to meet our ongoing expenses, including our costs related to the
remaining required payments under the mining claims purchase agreement we signed
in January 2007 and amended February 11, 2010.

Further, we may raise capital in connection with, or in
anticipation of, possible acquisition transactions. We do not currently engage
in any product research and development and have no plans to do so in the
foreseeable future. We have no present plans to purchase or sell any plant or
significant equipment. We also have no present plans to add employees, although
we may do so in the future if we engage in any merger or acquisition
transactions.

Liquidity and Capital Resources

Our external auditors issued a going concern opinion on our
December 31, 2009 audited financial statements that raises substantial doubt
about our ability to continue as a going concern for the next 12 months given
our current financial position. We have minimal assets and have achieved no
operating revenues since our inception. We have depended on loans and sales of
equity securities to conduct operations. Unless and until we commence material
operations and achieve material revenues, we will remain dependent on financings
to continue our operations. This financing may take the form of additional sales
of debt or equity securities and/or loans from our directors. There is no
assurance that additional financing, if required, will be available, or
available on terms favorable to us.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have, or
are reasonably likely to have, a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures, or capital resources that are
material to investors.

16

---

|ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES
      ABOUT MARKET RISK
|------- | ----------------------------------------------------------------

Not required by smaller reporting companies.

|**ITEM 4T.** | CONTROLS AND PROCEDURES
|------------ | -----------------------

Disclosure Controls

We carried out an evaluation, under the supervision and with
the participation of our management, including our principal executive officer
and principal financial officer, of the effectiveness of our disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based
upon that evaluation, our principal executive officer and principal financial
officer concluded that, as of the end of the period covered in this report, our
disclosure controls and procedures were effective at ensuring that information
required to be disclosed in reports filed under the Securities and Exchange Act
of 1934 is recorded, processed, summarized and reported within the required time
periods and is accumulated and communicated to our management, including our
principal executive officer and principal financial officer, as appropriate to
allow timely decisions regarding required disclosure.

Our management, including our principal executive officer and
principal financial officer, does not expect that our disclosure controls and
procedures or our internal controls will prevent all error or fraud. A control
system, no matter how well conceived and operated, can provide only reasonable,
not absolute, assurance that the objectives of the control system are met.
Further, the design of a control system must reflect the fact that there are
resource constraints and the benefits of controls must be considered relative to
their costs. Due to the inherent limitations in all control systems, no
evaluation of controls can provide absolute assurance that all control issues
and instances of fraud, if any, have been detected. We performed additional
analysis and other post-closing procedures in an effort to ensure our
consolidated financial statements included in this quarterly report have been
prepared in accordance with generally accepted accounting principles.
Accordingly, management believes that the financial statements included in this
report fairly present in all material respects our financial condition, results
of operations and cash flows for the periods presented.

Officers Certifications

Appearing as exhibits to this quarterly report are
Certifications of our Chief Executive Officer and Chief Financial Officer. The
Certifications are required pursuant to Section 302 of the Sarbanes-Oxley Act of
2002 (the Section 302 Certifications). This section of the Quarterly Report
contains information concerning the Controls Evaluation referred to in the
Section 302 Certification. This information should be read in conjunction with
the Section 302 Certifications for a more complete understanding of the topics
presented.

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal control over
financial reporting that occurred during the quarter ended March 31, 2010 that
have materially affected or are reasonably likely to materially affect our
internal control over financial reporting.

17

---

PART II - OTHER INFORMATION

|**ITEM 1.** | LEGAL PROCEEDINGS
|----------- | -----------------

None.

|**ITEM 1A.** | RISK FACTORS
|------------ | ------------

Not applicable.

|ITEM 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND
      USE OF PROCEEDS
|------- | -----------------------------------------------------------------

None.

|ITEM 3. | DEFAULTS UPON SENIOR SECURITIES
|------- | -------------------------------

None.

|ITEM 4. | (REMOVED AND RESERVED)
|------- | ----------------------
|        |                       
|ITEM 5. | OTHER INFORMATION     

None.

|ITEM 6. | EXHIBITS
|------- | --------

The following exhibits are included with this filing. Those
marked with an asterisk and required to be filed hereunder, are incorporated by
reference and can be found in their entirety in our original Form SB-2
Registration Statement, filed under SEC File Number 333-142096, at the SEC
website at www.sec.gov:

|Exhibit |                                               
|------- | ----------------------------------------------
|Number  | Description                                   
|        |                                               
|31      | Rule 13a-14(a)/15d-14a(a)
      Certifications
|32      | Section 1350 Certifications                   

18

---

SIGNATURES

Pursuant to the requirements of
the Securities Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.

|             |  | KRANTI RESOURCES, INC.
|------------ |  | ----------------------
|             |  | (Registrant)          
|May 12, 2010 |  |                       
|             |  | BY:                   
|Date         |  |                       
|             |  |                       
|             |  |                       
|             |  |                       
|             |  |                       

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