KRN Heat Exchanger and Refrigeration Limited — Important, 27-02-2025: General Updates

KRN Heat Exchanger and Refrigeration Limited has incorporated a wholly owned subsidiary, Thermotech Research Laboratory Private Limited. The new entity, based in Rajasthan, will focus on establishing a HVAC&R lab equipped with advanced testing, validation, and certification technologies. Key objectives include providing facilities for heating, ventilation, and air conditioning, as well as a platform for training and skill development within the HVAC&R sector. The subsidiary, with an authorized capital of ₹9.9 crore divided into 99 lakh equity shares, will not yet have revenue as it has yet to commence operations. This strategic move signals KRN's commitment to bolstering its offerings in the HVAC&R industry while creating potential growth avenues through enhanced service capabilities. Investors should monitor this development closely for its future impact on the company's growth trajectory.