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KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about1. Approved the Modification/Amendment in the loan agreement dated 15th April, 2023executed with KRN HVAC Products Private Limited ( KRN HVAC ) a wholly ownedsubsidiary Company of the Company. (Annexure I)2. Approved the execution of loan agreement dated 12th January, 2026 with ThermotechResearch Laboratory Private Limited ( TRL ) a wholly owned subsidiary Company of theCompany to grant an unsecured loan of Rs. 10,00,00,000/- (Rs. Ten Crores only) in oneor more tranches. (Annexure II)3. Approved the KRN Employee Stock Option Plan 2026 ( ESOP Plan ) in accordancewith the Securities and Exchange Board of India (Share Based Employee Benefits andSweat Equity) Regulations, 2021, Subject to the approval of the members of thecompany. (Annexure III) |SUBJECT: General Updates
