KRN Heat Exchanger and Refrigeration Limited has scheduled a one-on-one meeting with Wasatch Global on May 30, 2026. The physical interaction is set to commence at 10:00 AM IST. The company stated that no unpublished price sensitive information (UPSI) is intended to be discussed during the engagement.

The disclosure was made to the stock exchanges pursuant to the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. The meeting schedule is subject to changes due to exigencies on the part of the analysts, investors, or the company.

Meeting Details

The intimation was signed by Santosh Kumar Yadav, Chairman and Managing Director, on May 27, 2026.

Promoters of KRN Heat Exchanger and Refrigeration Limited have disclosed their intention to sell up to 10,00,000 equity shares for personal and financial reasons. The proposed divestment is subject to regulatory approvals and the receipt of pre-clearance from the company’s compliance officer. The disclosure was made to the stock exchanges on May 26, 2026, under Regulation 30 of the SEBI Listing Regulations.

The group intending to sell includes Santosh Kumar Yadav, Promoter, Chairman and Managing Director; Anju Devi, Promoter and Wholetime Director; and Manohar Lal, Non-Executive Non-Independent Director. Collectively referred to as the Promoters, they plan to offload shares held by themselves and members of the promoter group.

The proposed sale is conditional upon the completion of a qualified institutions placement (QIP), should the company undertake such an issue in the two months following the date of the letter. The promoters stated that the sale will only proceed post the completion of this potential QIP.

The transaction requires adherence to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal Code of Conduct for Prevention of Insider Trading. Santosh Kumar Yadav affirmed that the sale is contingent upon receiving the necessary pre-clearance and approvals from the Company Secretary and Compliance Officer.

Jitendra Kumar Sharma, Company Secretary & Compliance Officer, submitted the disclosure to BSE Limited and the National Stock Exchange of India Limited on behalf of the company. The scrip is traded under the symbol KRN on the NSE and carries the ISIN INE0Q3J01015.