KRN Heat Exchanger and Refrigeration (KRN) — deviation variation

📢 Key Event
No deviation in fund utilization for QIP issue

💡 Investor Takeaway
Shareholders can be assured that raised capital was deployed strictly as per approved objectives with no unauthorized changes.

KRN Heat Exchanger disclosed that there is no deviation in the utilization of funds raised through its June 1, 2026 Qualified Institutional Placement, which generated INR ₹349.99 crores. The filing confirms all funds were used for approved purposes including repayment of borrowings, investment in subsidiary KRN HVAC for working capital, and general corporate needs, with no material changes reported.

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About KRN Heat Exchanger and Refrigeration Limited (KRN)

Capital Goods · Engineering · Listed on NSE

Market Cap: ₹9,973.25 Cr P/E: 98.3 ROE: 19.4% ROCE: 24.5%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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