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

KRN Heat Exchanger's Fund-Raising Committee has approved the allotment of 33,01,886 Equity Shares through a Qualified Institutional Placement. The shares were issued to eligible institutional buyers at a price of ₹1,060.00 per share, raising approximately ₹350.00 Cr for the company. This capital raise increases the company's paid-up equity share capital from ₹62.16 Cr to ₹65.46 Cr. Key investors included Abu Dhabi Investment Authority, Ashoka Whiteoak ICAV, VQ Fastercap Fund, Valuequest India Inflexion Fund, and Subhkam Ventures I Pvt Ltd, each receiving over 5% of the offered shares, significantly strengthening the company's financial position.