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 in Rajasthan. The company disclosed this material event under Regulation 30 of the SEBI Listing Regulations on April 1st, 2026.

Transaction Details

The acquisition involves the purchase of an industrial plot measuring 30,427.84 sq. mtr. situated in Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) at Shahjahanpur, District Alwar, Rajasthan. The transaction represents a significant expansion move for the company's subsidiary.

Key Transaction Aspects

The agreement between KRN HVAC Products Private Limited and Shree Krishna Paper Mills & Industries Limited involves a total purchase consideration of Rs. 8,51,98,000 (Rupees Eight Crore Fifty One Lakhs Ninety Eight Thousand only). The transaction is structured as a straightforward industrial plot acquisition without any complex arrangements or special rights.

Important transaction characteristics include:

• No shareholding relationship between the parties
• No related party transaction implications
• No special rights or director appointment provisions
• Arms-length transaction structure

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The transaction does not fall within the related party transaction framework, and there are no potential conflicts of interest arising from this agreement. The acquisition appears to be part of the subsidiary's expansion strategy to strengthen its operational capabilities in the HVAC products segment.

KRN Heat Exchanger and Refrigeration Limited has scheduled its Extra-Ordinary General Meeting (EGM) for Wednesday, April 15, 2026 at 03:00 PM IST through Video Conferencing and Other Audio Visual Means (VC/OAVM). The meeting will address significant corporate governance matters including director re-appointments, employee stock option plan implementation, and a major fundraising initiative.

Meeting Details and Compliance

The EGM will be conducted entirely through digital means without requiring physical presence at a common venue, in compliance with MCA General Circular No. 03/2025. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Business Resolutions

Director Re-appointments

The EGM will consider the re-appointment of two key executives for five-year terms effective May 9, 2026:

Mr. Santosh Kumar Yadav as Chairman and Managing Director with monthly remuneration of ₹7,50,000 plus benefits including company-maintained car, mobile expense reimbursement, and insurance coverage.

Mrs. Anju Devi as Whole-Time Director with monthly remuneration of ₹5,00,000 plus similar employment benefits.

Employee Stock Option Plan 2026

The company proposes to implement the KRN Employee Stock Option Plan 2026 (ESOP Plan) covering up to 6,00,000 equity shares of ₹10 face value each. The plan aims to align employee interests with shareholder value and retain key talent across the organization and its subsidiaries.

Major Fundraising Initiative

The most significant resolution involves raising up to ₹500 crore through a Qualified Institutions Placement (QIP) of equity shares. This fundraising initiative will support the company's expansion and growth strategies across multiple business areas.

Fund Utilization Objectives

The proceeds from the QIP will be deployed towards:

• Capital expenditure for existing and new manufacturing facilities
• Working capital requirements for the company and subsidiaries
• Repayment or prepayment of existing debt obligations
• Funding organic and inorganic growth opportunities
• General corporate purposes (limited to 25% of total funds)

Shareholder Participation

Shareholders can participate in the EGM through the NSDL e-voting platform, with remote e-voting available from April 12-14, 2026. The company has appointed Mr. Deepak Arora of Deepak Arora & Associates as Scrutinizer to oversee the voting process.

Members wishing to ask questions during the meeting must register as speakers by April 8, 2026, by contacting investors@krnheatexchanger.com with their demat account details.

Document Availability

The EGM notice and related documents are available on the company website at www.krnheatexchanger.com , as well as on NSE ( www.nseindia.com ), BSE ( www.bseindia.com ), and NSDL e-voting portal ( www.evoting.nsdl.com ).

Company Secretary Jitendra Kumar Sharma signed the official communication confirming that all regulatory requirements have been met for the upcoming EGM proceedings.

Source: Company/INE0Q3J01015/d13c0901-c2b3-435b-8e3e-83015ee65654.pdf