KRN Heat Exchanger and Refrigeration Limited has filed its quarterly compliance certificate with the stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 7, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company submitted the certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited. The certificate was issued by Bigshare Services Private Limited, which serves as the company's Registrar and Share Transfer Agent.

Certificate Details and Confirmations

Bigshare Services Private Limited, in its certificate dated April 6, 2026, confirmed several key compliance aspects. The registrar verified that securities received from depository participants for dematerialization up to March 31, 2026 were properly confirmed to the depositories and that these securities have been listed on the stock exchange where earlier issued securities are listed.

The certificate also confirms that security certificates received for dematerialization have been mutilated and cancelled after due verification by the depository participant. Additionally, the names of the depositories have been substituted in the register of members as registered owners within the required 15-day timeframe.

Quarter Activity Summary

A significant aspect of the certificate relates to the quarter's activity levels. Bigshare Services specifically confirmed that during the quarter ended March 31, 2026, no demat or remat requests were received for processing. This indicates minimal dematerialization activity for KRN Heat Exchanger and Refrigeration Limited's shares during this period.

Company Information

KRN Heat Exchanger and Refrigeration Limited operates from its registered and work office located at Plot No. F-46,47,48,49, EPIP, RIICO Industrial Area, Neemrana – 301705, Rajasthan. The company secretary Jitendra Kumar Sharma digitally signed the submission on April 7, 2026.

This routine compliance filing demonstrates the company's adherence to SEBI regulations governing depositories and participants, ensuring transparency in share transfer and dematerialization processes.

KRN Heat Exchanger and Refrigeration Limited has announced that its wholly owned subsidiary, KRN HVAC Products Private Limited, has secured a significant export order worth Rs 55 crore for the supply of heat exchanger coils. This major international contract represents a substantial milestone for the thermal engineering solutions provider and demonstrates the company's expanding global footprint.

Export Order Details

The export order, received by KRN HVAC Products Private Limited in the normal course of business, involves the supply of heat exchanger coils to international markets. The company has confirmed that this order does not include any internal transactions and represents genuine business growth.

Subsidiary Structure and Compliance

KRN HVAC Products Private Limited, being a wholly owned subsidiary of KRN Heat Exchanger and Refrigeration Limited, operates independently in securing business opportunities. The company has disclosed that the promoters, promoter group, and group companies have no interest in the entities that awarded this project, ensuring it does not fall under related party transactions.

The order announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) listing obligations, demonstrating the company's commitment to transparent corporate governance and timely disclosure of material information.

Business Impact and Market Position

This substantial export order strengthens KRN Heat Exchanger and Refrigeration Limited's international presence and validates its subsidiary's capability to compete in global markets. The Rs 55 crore contract is expected to contribute meaningfully to the company's revenue stream and enhance its order book visibility.

The successful securing of this export order reflects the growing international demand for specialized thermal engineering solutions and positions the company favorably in the competitive heat exchanger market. This development underscores the company's strategic focus on expanding its global customer base while maintaining its strong domestic market presence.