KRN Heat Exchanger and Refrigeration Limited has scheduled a Board of Directors meeting for Friday, March 13, 2026. The primary agenda item is the consideration and approval of raising capital through the issuance of equity shares or equity-linked securities. This fundraising could involve preferential allotment, private placement, or qualified institutional placement, subject to necessary shareholder and regulatory approvals.
Board Meeting Notification
KRN Heat Exchanger and Refrigeration Limited has issued a prior intimation regarding an upcoming meeting of its Board of Directors. The meeting is formally scheduled to convene on Friday, March 13, 2026.
Key Agenda Item: Capital Infusion
The primary purpose of this board session is to deliberate upon and potentially approve the raising of funds for the Company. This capital infusion is intended to be executed through the issuance of:
- Equity shares and/or equity-linked securities.
- The issuance method may include preferential issue, private placement, or qualified institutional placement.
- The Board retains the absolute discretion to determine the manner, terms, and conditions, contingent upon receiving requisite approvals from members and relevant statutory authorities.
Trading Window Status
In compliance with relevant regulations concerning insider trading, the Company confirms that the Trading Window for dealing in its securities remains closed. This closure is specifically for Designated Persons and their immediate relatives and will persist until 48 hours after the outcome of this board meeting is made publicly available.
The communication was authorized and signed by Jitendra Kumar Sharma, Company Secretary & Compliance Officer, on March 9, 2026.
Source: BSE
