KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding Outcome of Committee Meeting held on May 26, 2026.
KRN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The promoters of KRN Heat Exchanger and Refrigeration Limited (Santosh Kumar Yadav, Anju Devi, and Manohar Lal) have informed the company of their intention to sell up to 10,00,000 equity shares (1 million shares) held by them and the promoter group. The sale is for personal and financial reasons. The sale is conditional and will only proceed after the completion of any Qualified Institutions Placement (QIP) undertaken within the next two months. The transaction remains subject to pre-clearance and approvals under SEBI's Insider Trading Regulations and the company's Code of Conduct.
This announcement signals potential dilution and reduction in promoter holding. The timing linked to a QIP suggests the company may be planning a capital raise, and the promoter sale is contingent on that. Investors should monitor for the QIP announcement and monitor promoter holding changes.