Business Update Neutral

2026-08-18 18:12

- Concall Schedule - Concall Date: 21st August, 2026 - Concall Time: 12:00 Noon Onwards

Business Update Neutral

2026-08-13 22:41

- KRN Heat Exchanger and Refrigeration Limited submitted an Investor Presentation for Q1 FY27, for the quarter ended June 30, 2026. - The presentation provides an overview of the company, its business segments, historical journey, and management details. - It accompanies the unaudited Standalone and Consolidated Financial Results, though specific financial figures are not included in the provided pages.

Financials Positive

2026-08-13 15:04

- Q1 FY27 Consolidated Revenue ₹252.32 Cr vs ₹115.28 Cr (▲118.87% YoY) - EBITDA ₹49.06 Cr vs ₹17.59 Cr (▲178.85% YoY) - PAT ₹32.90 Cr vs ₹12.42 Cr (▲164.84% YoY) - EBITDA Margin 19.44% vs 15.26% (▲418bps) - Overseas revenue grew 177.31% YoY, contributing 20.76% of total revenue. - QIP completed, raising ₹350 Cr with proceeds allocated as stated. - Domestic supply order of ₹50.87 Cr received post-quarter for heat exchanger coils.

Routine Positive

2026-08-12 18:12

- KRN Heat Exchanger and Refrigeration Limited confirmed no deviation in the use of ₹349.99 Cr funds raised via Qualified Institutional Placement (QIP) on June 01, 2026, for the quarter ended June 30, 2026.

Routine Neutral

2026-08-12 18:08

- KRN Heat Exchanger and Refrigeration Limited confirmed no deviation in the utilization of funds raised through its Initial Public Offer (IPO) of INR 341.94 Crore. - The statement for the quarter ended June 30, 2026, reviewed by the Audit Committee, confirms funds were utilized as per the original objects.

Financials Positive

2026-08-12 17:57

- Q1 FY27 Consolidated Revenue ₹25,231.70 Lakhs vs ₹11,528.21 Lakhs (▲118.89% YoY) - EBITDA ₹5,183.96 Lakhs vs ₹2,116.95 Lakhs (▲144.95% YoY) - PAT ₹3,289.56 Lakhs vs ₹1,242.08 Lakhs (▲164.84% YoY) - EBITDA Margin 20.55% vs 18.36% (▲219bps) - Board approved the appointment of M/s. R S Chauhan & Associates as Cost Auditor and M/s. Sharma Shankar & Co. as Internal Auditor for FY 2026-27. - The company completed a Qualified Institutions Placement (QIP), raising ₹34,999.99 Lakhs. - Proceeds from both the IPO and QIP have been fully utilized towards stated objectives, including investment in a subsidiary for a new manufacturing facility and working capital.

Financials Positive

2026-08-12 17:53

- Q1 FY27 Consolidated Revenue ₹252.32 Cr vs ₹115.28 Cr (▲119% YoY) - EBITDA ₹51.84 Cr vs ₹21.17 Cr (▲145% YoY) - PAT ₹32.90 Cr vs ₹12.42 Cr (▲165% YoY) - EBITDA Margin 20.5% vs 18.4% (▲220bps) - Board approved the appointment of M/s. R S Chauhan & Associates as Cost Auditor for FY 2026-27. - Board approved the appointment of M/s. Sharma Shankar & Co. as Internal Auditor for FY 2026-27.

Financials Positive

2026-08-12 17:37

- Q1 FY27 Consolidated Revenue ₹252.32 Cr vs ₹115.28 Cr (▲119% YoY) - EBITDA ₹49.06 Cr vs ₹17.59 Cr (▲179% YoY) - PAT ₹32.90 Cr vs ₹12.42 Cr (▲165% YoY) - EBITDA Margin 19.44% vs 15.26% (▲418bps)

Governance Neutral

2026-08-04 15:36

- Board meeting scheduled for August 12, 2026, to approve unaudited financial results (Standalone and Consolidated) for the quarter ended June 30, 2026. - Trading window will remain closed until August 14, 2026.

Business Update Positive

2026-07-23 21:00

- Order Win: KRN Heat Exchanger and Refrigeration Limited's wholly owned subsidiary, KRN HVAC Products Private Limited, received a domestic order for the supply of Heat Exchanger Coils. - Order Value: ₹43.11 Crore. - Delivery Period: As per the order terms.

Governance Neutral

2026-06-27 13:47

- Trading window for Designated Persons closed from July 1, 2026. - Will reopen 48 hours after Q1 FY27 un-audited financial results (quarter ending June 30, 2026) are declared. - Board meeting date for results to be intimated separately.

Business Update Negative

2026-06-20 16:41

CRITICAL RED FLAG DETECTED

- KRN Heat Exchanger received an order from the Deputy Commissioner of State Tax on June 19, 2026. - The order demands ₹4.95 Cr tax, ₹0.10 Cr interest, and ₹0.49 Cr penalty for ineligible Input Tax Credit for FY 2025-26 (total approx. ₹5.53 Cr). - The company plans to challenge the order, stating no material financial impact except for the interest.

Ownership Negative

2026-06-11 19:34

- Promoters (Santosh Kumar Yadav and Anju Devi) sold 1,000,000 equity shares (1.52% of paid-up capital) via open market sale on June 9, 2026. - Promoter holding decreased from 67.22% to 65.69%.

Business Update Positive

2026-06-09 16:49

- BFC approved an investment of ₹235.26 Crores in KRN HVAC Products Private Limited (KHPL), a wholly-owned subsidiary, for 78,41,917 equity shares at ₹300/share. - Funds from QIP will be used for KHPL's working capital requirements. - KHPL's turnover for FY 2025-26 was ₹218.85 Crore.

Business Update Neutral

2026-06-03 18:47

- Concall Schedule - Concall Date: 08th June, 2026 to 9th June 2026 - Concall Time: 10:00 AM IST Onwards - Details: KRN Heat Exchanger and Refrigeration Limited will attend the India Investor Conference organised by ICICI Securities Limited, featuring Group Meetings and One-on-One interactions in Mumbai.

Business Update Positive

2026-06-01 23:25

- KRN Heat Exchanger and Refrigeration Limited approved the allotment of 33,01,886 Equity Shares at ₹1,060 each via a Qualified Institutional Placement (QIP). - The QIP raised ₹34,999.99 lakhs (approx. ₹350 crores), with shares allotted at a 4.85% discount to the floor price.

Business Update Positive

2026-06-01 22:28

- The Fund-Raising Committee approved the closure of the Qualified Institutional Placement (QIP) on June 1, 2026. - The company allocated 33,01,886 Equity Shares to eligible Qualified Institutional Buyers (QIBs). - The Issue price was ₹1,060.00 per Equity Share (including a premium of ₹1,050.00). - The issue price represents a discount of 4.85% to the floor price of ₹1,114.05.

Routine Negative

2026-05-30 09:19

CRITICAL RED FLAG DETECTED

KRN Heat Exchanger And Refrigeration Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report highlighted a past non-compliance due to a 41-day delay in constituting the Risk Management Committee, caused by a Company Secretary cum Compliance Officer's resignation. This resulted in a penalty of ₹82,000 each from NSE and BSE, which was paid on November 6, 2025. The committee was constituted on May 12, 2025. No auditor resignation occurred during the period.

Business Update Neutral

2026-05-27 00:26

KRN Heat Exchanger and Refrigeration Limited announced a schedule for an Analyst/Institutional Investor meeting. The company officials will meet Wasatch Global in a one-on-one physical meeting on May 30, 2026, at 10:00 AM IST. The company stated that no unpublished price sensitive information (UPSI) will be discussed during the interaction.

Ownership Positive

2026-05-26 23:17

KRN Heat Exchanger and Refrigeration Limited's Fund-Raising Committee approved the opening of a Qualified Institutional Placement (QIP) of equity shares on May 26, 2026. The floor price for the issue has been set at ₹1,114.05 per equity share, with a potential discount of up to 5%. The trading window for designated persons has been closed from May 26, 2026.

Ownership Neutral

2026-05-26 22:34

KRN Heat Exchanger and Refrigeration Limited disclosed that Promoter Santosh Kumar Yadav, along with other promoter group members, intends to sell up to 1,000,000 equity shares of the Company. The sale is for personal and financial reasons and is conditional on the completion of a Qualified Institutions Placement (QIP), if undertaken within two months. All necessary pre-clearances and approvals under insider trading regulations will be obtained.

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KRN Heat Exchanger And Refrigeration Ltd

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