KRN Heat Exchanger And Refrigeration Ltd. Announces Board Meeting Outcomes: QIP, Executive Re-Appointments, and EGM

KRN Heat Exchanger And Refrigeration Ltd. held a Board Meeting on 13th March, 2026, and announced several key decisions. The company approved a Qualified Institutions Placement (QIP) to raise up to ₹ 500 Crore. The Board also 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 Members' approval at the ensuing General Meeting. Additionally, the Board approved the issuance of a notice for an Extra-ordinary General Meeting (EGM) on 15th April, 2026, for seeking necessary approvals from the Members for the aforementioned matters.