KRN

KRN Heat Exchanger and Refrigeration Limited announced a one-on-one physical meeting with Wasatch Global scheduled for May 30, 2026, starting at 10:00 AM IST. The company stated that no unpublished price sensitive information will be discussed during the interaction.

KRN Heat Exchanger and Refrigeration Limited's Fund-Raising Committee (FRC) approved the opening of a Qualified Institutions Placement (QIP) on May 26, 2026. The floor price for the issue has been set at ₹1,114.05 per equity share, with the company having the option to offer a discount of up to 5% on this price. The trading window for designated persons is closed from May 26, 2026, until 48 hours after the issue price is determined.

KRN Heat Exchanger and Refrigeration Limited's Promoter, Chairman & MD Santosh Kumar Yadav, along with other promoters, intends to sell up to 1,000,000 equity shares for personal and financial reasons. This sale is subject to pre-clearance and approvals, and will occur after a Qualified Institutional Placement (QIP) if undertaken within two months from May 26, 2026.

KRN Heat Exchanger and Refrigeration Limited received intimation from its promoters, including Chairman & MD Santosh Kumar Yadav, of their intention to sell up to 1,000,000 equity shares from their holdings and the promoter group, citing "personal and financial reason." The sale is contingent on pre-clearance and approvals, and will proceed only after any Qualified Institutions Placement undertaken within two months.

KRN Heat Exchanger and Refrigeration Limited reported strong FY26 results with consolidated total income up 38.06% YoY, EBITDA up 59.52% YoY, and PAT up 44.62% YoY. For Q4 FY26, consolidated total income grew 33.5% YoY, EBITDA by 77.56% YoY, and PAT by 57.14% YoY. Management guided for 50% utilization of the new HVAC facility in FY27 and 80% in FY28. Key growth drivers include expansion into new product segments like Bus AC and liquid cooling solutions for AI data centers, significant growth from data center exports (targeting double last year's export), and entry into railways and marine segments. They anticipate slight margin improvement driven by PLI incentives, higher export margins, and solar energy savings, with the ability to pass on raw material cost increases. A QIP of up to Rs.500 crores is being considered primarily for working capital.

KRN HVAC Products Private Limited, a subsidiary of KRN Heat Exchanger and Refrigeration Limited, 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 and approved Eligible Fixed Capital Investment (EFCI) of ₹182.95 Crore. This is expected to provide fiscal benefits, enhance operational efficiency, improve cost competitiveness, and positively impact profitability.

KRN Heat Exchanger and Refrigeration Limited's wholly-owned subsidiary, KRN HVAC Products Private Limited, has received approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant. This entitles the company to a Turnover Linked Incentive of 1.40% on Eligible Fixed Capital Investment (EFCI), with total EFCI approved at ₹182.95 Crore. The scheme is expected to provide fiscal benefits, enhance operational efficiency, improve cost competitiveness, and positively contribute to the company's profitability and market position. The entitlement certificate was issued on May 20, 2026.

KRN Heat Exchanger and Refrigeration Limited announced that its management will be meeting investors for an Investor Meet from May 20, 2026, to May 22, 2026. The company clarified that no Unpublished Price Sensitive Information will be shared during the meetings.

KRN Heat Exchanger and Refrigeration Limited announced the resignation of Mr. Sonu Gupta from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from the close of business hours on May 14, 2026. Mr. Gupta cited internal restructuring and a changed role, and will continue as a Senior Management Personnel of the Company.

KRN Heat Exchanger and Refrigeration Limited announced the availability of the audio recording for its Q4 FY26 Earnings Conference Call, held on May 15, 2026. The call discussed the audited financial results for the quarter and year ended March 31, 2026, and the recording is accessible via a link on the company's website.

Consolidated Revenue ₹179.48 Cr vs ₹131.50 Cr (▲36.48% YoY), EBITDA ₹59.78 Cr vs ₹43.03 Cr (▲38.92% YoY), PAT ₹23.36 Cr vs ₹14.87 Cr (▲57.14% YoY). EBITDA Margin 33.31% vs 32.72% (▲59bps). The Board also approved the appointment of Mr. Pawan Nawal as Chief Financial Officer and re-designated Mr. Sonu Gupta as GM Finance.

KRN Heat Exchanger and Refrigeration Limited announced an Investors/Analysts Conference Call to discuss the Audited financial results for Q4 & 12M FY26. The call is scheduled for Friday, May 15, 2026, at 1:00 P.M. (IST).