KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding Appointment of Mr Pawan Nawal as Chief Financial Officer of the company w.e.f. May 15, 2026.
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KRN Heat Exchanger held its board meeting on May 14, 2026, approving audited financial results for Q4 and full year ended March 31, 2026. Standalone revenue grew 57% year-on-year to Rs 67,623 Lakhs, while profit after tax rose 42% to Rs 7,131 Lakhs. EPS improved from Rs 9.25 to Rs 11.47. Consolidated revenue stood at Rs 60,006 Lakhs with PAT of Rs 7,647 Lakhs. The Board appointed Mr. Pawan Nawal as CFO and KMP effective May 15, 2026, and re-designated Mr. Sonu Gupta as GM Finance. Authority for disclosure materiality determination was also revised to include the new CFO. No investor complaints were pending during the period. IPO proceeds of Rs 31,112 Lakhs have been fully deployed toward the subsidiary and general corporate purposes.
Strong financial performance with robust revenue and profit growth reflects solid execution. The appointment of a new external CFO brings fresh leadership to the finance function, which could positively influence investor confidence in financial governance and future strategic decisions.