Announced Wed, 15 Apr · 22:43 IST
EGM approves director re-appointments, ESOP Plan 2026 and QIP fundraise
Board & Shareholder Meetings View source PDF
KRN · price
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Price reaction · full curve 14 horizons · vs prior close
+13.3%1-day move
₹1124.05
prior close
₹1129.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.0+2.1+1.4+2.3+13.3+10.0+8.1+7.6+14.5+19.0+16.0-1.9+9.1+15.1
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AI summary
KRN Heat Exchanger held its EGM on April 15, 2026 via video conferencing. All 5 special resolutions passed with requisite majority. Re-appointment of CMD Santosh Kumar Yadav and WTD Anju Devi got 99.89% support each. KRN ESOP Plan 2026 and ESOPs for subsidiary employees were approved with 96.10% support. QIP equity issuance for fund raising was approved with 100% support. 33 members attended out of 85,422 shareholders on record date (April 8, 2026).
Likely market impact
QIP approval paves way for equity fundraise; ESOP creation may cause future dilution; director re-appointments ensure leadership continuity.