Quarterly Updates13 Mar 2026, 07:38 pm
KRN Heat Exchanger And Refrigeration Ltd. Announces Board Meeting Outcomes: QIP, Executive Re-Appointments, and EGM
AI Summary
KRN Heat Exchanger And Refrigeration Ltd. held a Board Meeting on 13th March, 2026, discussing various agenda items. The Board approved raising funds up to ₹ 500 Crore through a Qualified Institutions Placement (QIP). Additionally, the Board approved the re-appointment of Mr. Santosh Kumar Yadav as Chairman and Managing Director, and Mrs. Anju Devi as a Whole-time Director, both for a term of 5 years, subject to approval in the ensuing General Meeting. The company also announced an Extra-ordinary General Meeting (EGM) on 15th April, 2026, for seeking necessary approvals from the members for the aforesaid matters.
Key Highlights
- Board approved raising funds up to ₹ 500 Crore through a Qualified Institutions Placement (QIP).
- Re-appointment of Mr. Santosh Kumar Yadav as Chairman and Managing Director for a term of 5 years.
- Re-appointment of Mrs. Anju Devi as a Whole-time Director for a term of 5 years.
- Approval of notice for Extra-ordinary General Meeting (EGM) on 15th April, 2026.
- Trading Window for dealing in the securities of the Company remains closed till 15th March, 2026.