Key Quantitative Figures
- Amount Raised through QIP: INR 349.99 Crore
- Date of Fund Raising: June 01, 2026
- Reporting Quarter: Quarter ended June 30, 2026
- Monitoring Agency: CRISIL Ratings Limited
Fund Utilization Details
The company confirmed there is no deviation or variation in the use of QIP funds. The detailed utilization of the raised funds is as follows:
- Repayment of outstanding borrowings: INR 3,000.00 Lac (INR 30.00 Crore) allocated and utilized
- Investment in material subsidiary KRN HVAC Products Private Limited for working capital requirements: INR 23,525.75 Lac (INR 235.26 Crore) allocated, with INR 9,207.98 Lac (INR 92.08 Crore) utilized during the quarter
- General Corporate Purposes: INR 7,653.73 Lac (INR 76.54 Crore) allocated and utilized
Regulatory Compliance Status
- Deviation/Variation in use of funds: NO
- Shareholder approval for variation: Not Applicable (NA)
- Explanation for deviation: Not Applicable (NA)
- Audit Committee comments: Not Applicable (NA)
- Auditor comments: Not Applicable (NA)
The statement of deviation/variation in utilization of funds was duly reviewed by the Audit Committee of the company for the quarter ended June 30, 2026.
Signatories and Authentication
- Santosh Kumar Yadav, Chairman & Managing Director (DIN: 07789940) digitally signed the disclosure letter on August 12, 2026, at 18:01:46 IST.
- Pawan Nal, Chief Financial Officer, signed the utilization statement on August 12, 2026.
Financial Impact
No financial impact from deviation or variation as the company confirmed compliance with the original fund utilization objects. All allocations and utilizations were as per the disclosed purposes.
#Tags: #KRNHeatExchanger #SEBIReg32 #QIP #FundUtilization #ComplianceDisclosure #Neutral