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.

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.