Outcome of Board Meeting

KRN HEAT EXCHANGER AND REFRIGERATION LIMITED Registered & Work Office: Plot No.: F-46,47,48,49, EPIP, RIICO Industrial Area, Neemrana – 301705 (RJ) CIN No.: L29309RJ2017PLC058905 Contact No. 9116629184 Date: 29th October, 2026 To, To, BSE Ltd National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C-I Block G, Bandra Kurla Street, Mumbai- 400001, Maharashtra, Complex, Bandra (East), Mumbai-400051, India Maharashtra, India Script Code: 544263 Script Symbol: KRN ISIN: INE0Q3J01015 Subject: Outcome of Board Meeting pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, This is to inform you that the Board of Directors of the Company in its meeting held today i.e. 29th October, 2026, considered and approved the Unaudited Financial Results (both Consolidated and Standalone) of the Company for the quarter and half year ended on 30th September, 2026. A signed copy of the Unaudited Financial Results (both Consolidated and Standalone) of the Company for the quarter and half year ended on 30th September, 2026 along with Limited Review Reports thereon by the Statutory Auditors of the Company, is enclosed herewith as Annexure-I. The aforesaid Financial Results (both Consolidated and Standalone) along with Limited Review Reports thereon are enclosed and are also available on the website of the Company at www.krnheatexchanger.com The meeting of the Board of Directors commenced at 03:33 P.M. IST and concluded at 03:50 P.M. IST. Kindly take the above information on your record. Thanking You, For KRN Heat Exchanger and Refrigeration Limited Jitendra Kumar Sharma Company Secretary Encl: A/a (+91)-9116629184 info@krnheatexchanger.com www.krnheatexchanger.com KRN HEAT EXCHANGER AND REFRIGERATION LIMITED CIN: L29309RJ2017PLC058905 Plot No. F-4647,48,49, EPIP, RIICO Industrial Area Neemrana, Alwar, Rajasthan, India, 301705 Consolidated Financial Results For The Quarter and Half Year Ended 30th September, '26 I{ in lakhs (unless otherwise stated} For The Quarter Ended Half Year Ended For Year Ended ParUcular.s 30th Sep, '26 30th June,'26 30th Sep '25 30th Sep,'26 30th Sep,'25 31stMar'26 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Income Revenue from operations 31,913.58 25,231.70 15,206.82 57,145.28 26,735.03 60,005.77 ti. Other Income 748.63 277.76 239.27 1,026.39 596.80 974.82 Ill.Total Income (I+ II) 32,662.21 25,509.46 15 446.09 58 171.67 27 331.83 60 980.59 IV Expenses: Cost of materials consumed 24,715.08 16,441.22 1,221.37 41,156.30 10,288.55 24,311.80 Purchase of Stock-in-trade 10.21 921.46 10,408.40 931.68 10,408.40 21,165.88 Changes in Inventories of Finished Goods, Work-In (2,238.59) (260.14) (1,201.27) (2,498.73) (1,696.46) (4,298.62) Progress and Stock-In-Trade Employee benefit expenses 2,214.80 1,819.26 1,027.03 4,034.06 1,692.40 4,156.36 Finance costs 305.10 304.12 86.08 609.22 155.63 590.08 Depreciation and amortisation expense 732.46 646.76 484.60 1,379.22 703.10 1,876.49 Other expenses 2,337.41 1,403.70 725.50 3,741.11 1,256.93 3,422.74 Total expenses (IV) 28 076.47 21 276.38 12,751.71 49 352.86 22,808.55 51 224.73 V Profit Before Prior Period and Exceptional Item (Ill -IV) 4,585.74 4,233.08 2,694.38 8,818.81 4,523.28 9,755.86 VI Prior Period Item/Exceptional Item 39.71 VII Profit before tax (V-VI) 4,585.74 4 233.08 2 694.38 8,818.81 4 523.28 9 795.57 VIII Tax expense Current tax 959.36 763. 74 828.69 1,723.10 1,366.30 2,382.39 Deferred tax Liability/ (Assets) 15.26 179.78 63.57 195.04 112.78 69.09 Income Tax {Short/Excess provision) 302.65 I/JUI l~li ~lipM!~!(Vlllj YIU.I YU!,./ HYUb 1,Y18.l~ lA/Y.UH IX Profit forthe period (VII-VIII) 3,611.12 3 289.56 1802.12 6 900.67 3 044.20 7 646.74 X Other Comprehensive Income Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans (5.37) 19.18 (3.74) 13.80 (6.12) (14.26) Income Tax relating to above 1.13 (4.51) 0.73 (3.38) 2.08 3.98 Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans Income Tax relating to above Total Other Comprehensive Income (X) (4.24) 14.67 (3.01) 10.42 (4.04) (10.28) XI. Total Comprehensive Income for the year{IX-X) 3 615.36 3,274.89 1,805.13 6,890.25 3 048.24 7,657.02 Net Profit attributable to: a) Owner of the company 3,611.12 3,289.56 1,802.12 6,900.67 3,044.20 7,646.74 b) Non Controlling Interest Other Comprehensive (lncome)/Loss attributable to: a) Owner of the company (4.25) 14.67 (3.01) 10.42 (4.04) (10.28) b) Non Controlling Interest Total Comprehensive lncome/(Loss) for the period/year attributable to: a) Owner of the company 3,615.36 3,274.89 1,805.13 6,890.25 3,048.24 7,657.02 b) Non Controlling Interest Net Profit after Tax and Non Controlling Interest 3,611.12 3,289.56 1,802.12 6,900.67 3,044.20 7,646.74 Paidup Equity Share Capital (Facevalue ~ 10 each) 6,545.85 6,545.85 6,215.66 6,545.85 6,215.66 6,215.66 Other Equity 51,183.82 Earnings Per Equity Share-Basic/Diluted (Not annualised for quarter ended) Basic/ Diluted 5.52 5.20 2.90 10.72 4.90 12.30 For and For KRN Date : 29th October, 2026 Place: Neemrana KRN HEAT EXCHANGER AND REFRIGERATION LIMITED CIN: U9309RJ2017PLC058905 Plot No. F-46,47,48,49, EPIP, RIICO Industrial Area Neemrana, Alwar, Rajasthan, India, 301705 Consolidated Financial Results For The Quarter and Half Year Ended 30th September, '26 Notes to Accounts -Consolidated Financial Statement [1] The above Unaudited Consolidated financial results for the Quarter and Half Year ended 30th September, 2026 have been prepared by the Company in accordance with regulation 33 of SEBI (Listing Obligation & Disclosure Requirements) Regulations 2015 (as amended) and were reviewed and recommended by the Audit Committee of the Board and thereafter were approved and taken on record by the board of directors in their meeting held on 29th October, 2026. A limited review of the above results has been carried out by the statutory auditors of the company. [2] Previous Year's /period's figures have been regrouped/rearranged/ restated/adjusted/rectified wherever considered necessary. [3] Basis of Preparation of the Statement and Adoption of Indian Accounting Standards. The Company has adopted Indian Accounting Standard (IND AS) specified under companies {Indian) Accounting Standard Rules, 2015 [as am mended J precribed under section 133 of the companies act,2013. [4] The Company manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry ("HVAC&R"). Heat exchangers manufactured by the company are made of non-ferrous metals primarily Copper and Aluminium. Their product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. [SJ The Figure for the quarter ended 30th September, 2026 are balancing figures between the un-audlted figures in respect of half year ended on 30th September, 2026 and the quarter figures up to the first quarter ended on 30th June, 2026 and the figure for the quarter ended 30th September 2025 are the balancing figure between the un-audited figures In respect of half year ended on 30th September, 2025 and the un-audited figure for first quarter up to period ended on 30th June, 2025, which were subject to limited review. [6] Segment Reporting is attached herewith. [7) The Proceeds From IPO Net Off Issue Expense Is'.! 31,111.66 Lakhs And Utilisation of the same ls as follows: Planned as per Balance as at 30th Particulars Prospectus Utilisation of fund Se tember '26 Investment in our wholly owned subsidiary, KRN HVAC Products Private Limited in the form of equity for setting up a 23,575.66 23575.66' new manufacturing facility at Neemrana, Alwar, Rajasthan ("Proposed Project") General cor orate ur oses 7,536.00 7,536.00 Total 31111.66 31 111.66 • However, as at September 30, 2026, the entire amount of~ 23,575.66 lakhs invested in the Subsidiary [Showing first 8,000 characters — download PDF for full document]