Corporate Governance29 Oct 2026, 06:24 pm
KRN Heat Exchanger Monitoring Agency Report for QIP Proceeds
AI Summary
KRN Heat Exchanger and Refrigeration Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by Crisil Ratings Limited, pertains to the utilization of proceeds from the company's Qualified Institutional Placement (QIP) issue. The gross proceeds were ₹34,999.99 lakhs and net proceeds were ₹34,179.48 lakhs. The report indicates no deviation from the stated objects of the issue. The company confirmed that all utilization is as per the offer document and for funding working capital requirements.
Key Highlights
- Monitoring Agency Report submitted for QIP proceeds utilization.
- Report covers the quarter ended September 30, 2026.
- No deviation from the objects of the QIP issue noted.
- Proceeds utilized for working capital as per offer document.
Price Impact
More from KRN