KRN · price
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KRN Heat Exchanger And Refrigeration Ltd has filed its Annual Secretarial Compliance Report for FY ended March 31, 2026, as required under SEBI Regulation 24A. The report, issued by SMD & Co., Company Secretaries, reveals one compliance deviation: the company delayed constitution of its Risk Management Committee by 41 days. Both NSE and BSE imposed a penalty of Rs. 82,000 each for this delay under Regulation 21(2) of SEBI LODR. The company paid the penalty on November 6, 2025, and subsequently constituted the Risk Management Committee in the Board Meeting held on May 12, 2025. All other compliance requirements including Secretarial Standards, policies, website disclosures, Related Party Transactions, and Insider Trading norms were met.
The company has resolved the regulatory penalty issue and now has the Risk Management Committee in place. The late constitution of a compliance committee is a minor procedural lapse that has been remedied, and should not materially impact the stock going forward.