KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Agreements
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KRN Heat Exchanger and Refrigeration Limited has announced that its wholly owned subsidiary, KRN HVAC Products Private Limited, has entered into a registered deed to purchase an industrial plot. The plot is located in RIICO industrial area at Shahjahanpur, Alwar, Rajasthan, measuring 30,427.84 square meters. The purchase consideration is Rs. 8,51,98,000 (approximately Rs. 8.52 crore). The seller is Shree Krishna Paper Mills & Industries Limited. The transaction is not a related party transaction and does not involve any special rights or shareholding arrangements.
This acquisition of an industrial plot by the subsidiary indicates potential expansion of manufacturing capabilities. The deal is not related to the company's core listing obligations and has no direct impact on shareholder value in the short term.