$KRN

KRN HEAT EXCHANGER : SUBSIDIARY RECEIVES RIPS-2024 APPROVAL FROM RAJASTHAN GOVT 🏭❄️ • ✅ KRN HVAC Products Pvt Ltd, wholly-owned subsidiary of KRN Heat Exchanger & Refrigeration, received approval under Rajasthan Investment Promotion Scheme (RIPS-2024) • 📍 Approval granted for Neemrana Plant • 💰 Company eligible for Turnover Linked Incentive of 1.40% on Eligible Fixed Capital Investment (EFCI) • 🏛️ Total EFCI approved by State Level Screening Committee (SLSC) stands at ₹182.95 Cr • 📈 Management expects incentives to enhance operational efficiency, improve cost competitiveness & support profitability • 📜 Entitlement Certificate issued on May 20, 2026 🟢 Impact: Positive (Government incentive support can improve margins, strengthen competitiveness and aid long-term expansion plans)