Appointement of Mr. Pawan Nawal as a Chief Financial officer of the Company
KRN · price
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KRN Heat Exchanger and Refrigeration Limited has appointed Mr. Pawan Nawal as Chief Financial Officer and Key Managerial Personnel effective May 15, 2026. The appointment was approved by the Nomination and Remuneration Committee and Audit Committee. Concurrently, Mr. Sonu Gupta has been re-designated as General Manager Finance. The Board also updated its authority for determining materiality of events, now including the new CFO alongside the Chairman and Company Secretary. The company reported strong financial performance with standalone revenue growing 57% year-over-year to Rs. 67,623 Lakhs and profit after tax rising 42% to Rs. 7,131 Lakhs for FY26. Consolidated revenue stood at Rs. 60,006 Lakhs with net profit of Rs. 7,647 Lakhs.
The CFO appointment reflects routine leadership strengthening with proper governance procedures followed. The company's strong financial growth (57% revenue increase) indicates robust business momentum. No immediate impact expected on stock price as this appears to be a planned succession rather than a replacement under distress.