KRN Heat Exchanger and Refrigeration Limited — Important, 01-06-2026: Committee Meeting Updates

KRN Heat Exchanger and Refrigeration Limited's Fund-Raising Committee has approved the closure of its Qualified Institutional Placement (QIP). The company will allocate 33,01,886 Equity Shares to eligible institutional buyers at an issue price of ₹1,060.00 per share, which includes a premium of ₹1,050.00. This price reflects a 4.85% discount to the floor price of ₹1,114.05. This successful capital raise strengthens the company's financial position, supporting future growth and operational needs.