KRN Heat Exchanger And Refrigeration Ltd

KRN Heat Exchanger And Refrigeration Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut for all designated persons and their immediate relatives starting from July 1, 2026. It will reopen 48 hours after the declaration of the un-audited financial results for the quarter ending June 30, 2026. The specific date of the board meeting to approve these results will be communicated separately.

KRN Heat Exchanger And Refrigeration Ltd has received an order from the Deputy Commissioner of State Tax, Rajasthan, for the recovery of ₹4,94,66,278 in tax, ₹9,75,773 in interest, and ₹49,46,627 in penalty, totaling approximately ₹5.44 crore. The demand is related to ineligible Input Tax Credit (ITC) for the Financial Year 2025-26. The company disputes the demand, stating that ITC was availed following due process, and plans to challenge the order legally. The company anticipates no material financial impact beyond the mentioned interest.

KRN Heat Exchanger and Refrigeration Ltd announced that promoters Mr. Santosh Kumar Yadav and Mrs. Anju Devi have sold a combined 10,00,000 equity shares, representing 1.52% of the company's paid-up equity share capital. The sale was conducted via an Open Market Sale (OFS) on June 9, 2026. Following the transaction, the promoters' collective holding has reduced from 67.22% to 65.69%. The total equity share capital of the company remains unchanged at INR 65,45,84,860, consisting of 6,54,58,486 equity shares of INR 10 each.

KRN Heat Exchanger and Refrigeration Ltd's Banking and Finance Committee has approved an investment of ₹235.26 crore in its wholly-owned subsidiary, KRN HVAC Products Private Limited (KHPL). This investment, made through the purchase of 78,41,917 equity shares at ₹300 per share, is part of the funds raised via Qualified Institutions Placement (QIP). The funds will be used by KHPL to meet its working capital requirements. KHPL reported a revenue of ₹218.85 crore for FY 2025-26. The acquisition is considered a related party transaction but is on an arm's length basis. The completion is expected within one month.

KRN Heat Exchanger And Refrigeration Ltd announced the closure of its fund-raising issue on June 1, 2026. The company successfully allocated 33,01,886 equity shares at an issue price of ₹1,060.00 per share, which includes a premium of ₹1,050.00. This price represents a discount of 4.85% to the floor price of ₹1,114.05, determined as per SEBI ICDR Regulations. The Fund-Raising Committee approved the allocation and finalized the placement document and confirmation of allocation notes for eligible Qualified Institutional Buyers (QIBs). The meeting concluded that this action complies with SEBI regulations.

KRN Heat Exchanger And Refrigeration Ltd's Fund-Raising Committee (FRC) approved the opening of an issue with a floor price of ₹1,114.05 per equity share, as per SEBI ICDR Regulations. The 'Relevant Date' for price determination is May 26, 2026. The company may offer a discount of up to 5% on the floor price. The preliminary placement document dated May 26, 2026, will be filed. The trading window for designated persons is closed from May 26, 2026, until 48 hours after issue price determination.

KRN Heat Exchanger And Refrigeration Ltd. announced that Santosh Kumar Yadav, along with Anju Devi and Manohar Lal (collectively, "Promoters"), intend to sell up to 1,000,000 equity shares of the company held by the Promoter and members of the promoter group. The sale is subject to pre-clearance, approvals under insider trading regulations, and completion of any qualified institutions placement (QIP) undertaken in the next two months.

KRN Heat Exchanger And Refrigeration Ltd announced that KRN HVAC Products Private Limited has received approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant. The approval includes a turnover-linked incentive of 1.54% of net sales/turnover (comprising 1.40% base incentive plus additional 10% as Employment Booster) and an Eligible Fixed Capital Investment (EFCI) of ₹182.95 Crore. The company expects the approval to enhance operational efficiency, improve cost competitiveness, and contribute positively to profitability.

KRN HVAC Products Private Limited, a wholly-owned subsidiary of KRN Heat Exchanger And Refrigeration Ltd, has received approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant. This approval includes a turnover-linked incentive of 1.40% (as a percentage of Eligible Fixed Capital Investment – EFCI) and a total EFCI approved by the State Level Screening Committee (SLSC) of ₹182.95 Crore. The company expects this approval to provide fiscal benefits, enhance operational efficiency, improve cost competitiveness, and positively contribute to profitability while strengthening its market position.

Sonu Gupta has resigned from his position as Chief Financial Officer and Key Managerial Personnel of KRN Heat Exchanger And Refrigeration Ltd, effective close of business hours on May 14, 2026. Gupta will continue as a Senior Management Personnel within the company following an internal restructuring. He expressed gratitude to the directors, key managerial personnel, and colleagues for their support during his tenure.