KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about change in Management
KRN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of KRN Heat Exchanger and Refrigeration approved raising up to ₹500 Crore through a Qualified Institutions Placement (QIP) of equity shares, subject to shareholder and regulatory approvals. The Board also re-appointed Mr. Santosh Kumar Yadav as Chairman and Managing Director and Mrs. Anju Devi as Whole-time Director, both promoters, for a fresh 5-year term starting May 9, 2026. An Extra-Ordinary General Meeting (EGM) has been scheduled for April 15, 2026 to seek shareholder approval for the QIP and the re-appointments. Both directors are part of the promoter family — Mr. Yadav is the husband of Mrs. Devi and brother of Non-Executive Director Mr. Manohar Lal.
The ₹500 Crore QIP will dilute existing shareholders but bring in fresh capital for growth. The promoter-led leadership continues unchanged, signaling continuity at the top. The stock may see short-term pressure depending on the QIP pricing and dilution percentage, which has not been disclosed yet.