KRN Heat Exchanger and Refrigeration Limited has announced that its Board of Directors will convene on March 13, 2026, to deliberate on fund raising initiatives through equity shares and equity-linked securities. The meeting notification was issued on March 9, 2026, in compliance with Regulation 29 of the SEBI Listing Regulations.

Fund Raising Proposal Details

The board meeting will focus on raising funds through multiple financing options to support the company's growth objectives. The comprehensive fund raising proposal encompasses various strategic approaches designed to optimize capital structure.

Financing Methods and Structure

The company plans to explore multiple fund raising avenues to ensure optimal capital mobilization. The proposed financing structure offers flexibility in execution and timing based on market conditions.

The fund raising initiative may be implemented through:

• Preferential issue of equity shares
• Private placement arrangements
• Qualified institutional placement
• Other permissible methods under regulatory guidelines
• Any combination of the above methods

Regulatory Compliance and Approvals

The fund raising proposal requires comprehensive regulatory clearances before implementation. The company has outlined the necessary approval framework to ensure full compliance with applicable regulations.

All fund raising activities will be subject to:

• Receipt of necessary regulatory approvals
• Approval from company members
• Statutory approvals as required
• Compliance with SEBI ICDR Regulations 2018
• Adherence to Companies Act 2013 provisions

Trading Window Restrictions

In accordance with SEBI Prohibition of Insider Trading Regulations 2015, the company has implemented trading restrictions for designated persons. The trading window closure ensures compliance with insider trading norms during the material information disclosure period.

The trading window for designated persons and their immediate relatives has been closed and will remain closed until 48 hours after the information becomes publicly available. This measure protects market integrity and ensures fair disclosure practices.

KRN Heat Exchanger and Refrigeration Limited has issued a clarification to BSE Limited regarding significant movement in its share price, stating that the fluctuation is purely market driven with no undisclosed price-sensitive information pending.

BSE Inquiry and Company Response

The company received a letter from BSE Limited dated February 25, 2026, inquiring about the significant movement in the price of the company's equity shares. In response, KRN Heat Exchanger and Refrigeration Limited provided a comprehensive clarification through Company Secretary Jitendra Kumar Sharma.

Regulatory Compliance Statement

The company emphasized its commitment to regulatory compliance, confirming that all necessary disclosures and announcements have been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management stated that there is no announcement or price-sensitive information pending disclosure to the stock exchanges.

Market-Driven Price Movement

KRN Heat Exchanger and Refrigeration Limited clarified that the observed significant movement in share price is purely market driven. The company's management confirmed that in their opinion, there is no undisclosed information that may have a bearing on the price or volume behavior of the stock.

The clarification was digitally signed by Company Secretary Jitendra Kumar Sharma on February 25, 2026, at 21:54:48 +05'30', ensuring proper documentation and authentication of the company's response to the stock exchange inquiry.