Statement of Deviation or variation of funds raised through QIP Issue

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: 12th August, 2026 To, To, BSE Ltd National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-I Block G, Bandra Kurla Mumbai- 400001, Maharashtra, India Complex, Bandra (East), Mumbai-400051, Maharashtra, India Script Code: 544263 Script Symbol: KRN Subject: Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Statement on Deviation or Variation of funds raised through Qualified Institutional Placement (“QIP”) Issue of the Company. Dear Sir/Madam, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, we hereby confirm that there is no deviation or variation in the use of funds raised through Qualified Institutional Placement (“QIP”) Issue of the Company. Statement of Deviation/ Variation in utilization of funds duly reviewed by the Audit Committee of the Company for the quarter ended June 30, 2026 is enclosed. Kindly take the above information on your record. Thanking You, For KRN Heat Exchanger and Refrigeration Limited Santosh Kumar Yadav Chairman & Managing Director DIN: 07789940 (+91)-9116629184 info@krnheatexchanger.com www.krnheatexchanger.com 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 Statement of Deviation/ Variation in utilisation of funds raised Name of listed entity KRN Heat Exchanger and Refrigeration Limited Mode of Fund Raising Qualified Institutional Placement ("QIP") Issues Date of Raising Funds June 01, 2026 Amount Raised INR 349.99 Crore Report filed for Quaiter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if CRISIL Ratings Limited applicable Is there a Deviation/ Variation in use NO of funds raised If yes, whether the same is pursuant to NA change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval NA Explanation for the Deviation/ NA Variation Comments of the Audit Committee NA after review Comments of the auditors, if any NA (+91 )-9116629184 ~ info@krnheatexchanger.com www.krnheatexchanger.com HRn KRN HEAT EXCHANGER AND REFRIGERATION LIMITED Registered & Work Office: Plot No.: F-46,4 7,48,49, EPIP, RJICO Industrial Area, Neemrana - 301705 (RJ) CJN No.: L29309RJ2017PLC058905 Contact No. 9116629184 Objects for which funds have been raised and where there has been a deviation, in the following table: Original Object Modifie Original Modifie Funds Amount of Remarks if d Allocatio d utilised deviation/ any Object, n (lNR Allocatio (INR variation for if any Lac) 11 Lac.) the qua11er if any according to applicable object Repayment and/or pre- payment, in full or in part, of certain outstanding NA 3,000.00 NA 3,000.00 NA NA borrowings availed by our Company Investment in our material subsidiary, KRN HVAC NA 23,525.75 NA 9,207.98 NA NA Products Private Limited for funding working capital requirements General Corporate Purposes NA 7,653.73 NA 7,653.73 NA NA Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or ::~ Change in terms of:+~11\1i;\\w'.: ~)~~t'~t :·ed to in the fund raising document i.e. prospectus, letter of offer, N emrana -t-c, Wl :a +-''o-.::-J * ·~<;l' ' Name of the Signatory: Pawan N al Designation: Chief Financial officer Date: 12.08.2026 (+91 )-9116629184 info@krnheatexchanger.com www.krnheatexchanger.com