KRN Heat Exchanger and Refrigeration Limited Acquires Industrial Plot in Rajasthan
KRN Heat Exchanger and Refrigeration Limited announced on April 1, 2026, that its wholly-owned subsidiary, KRN HVAC Products Private Limited, has entered into an agreement to purchase an industrial plot in Rajasthan. The plot is located within the Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) at Shahjahanpur, Distt. Alwar, Rajasthan, and measures 30,427.84 square meters.The purchase consideration for the industrial plot is Rs. 8,51,98,000. The seller is Shree Krishna Paper Mills & Industries Limited. According to the details released, no related-party relationships exist between the parties involved, and the transaction is not considered a related-party transaction.
Summary of Agreement Details
| Particulars | Information |
|---|---|
| Parties Involved | Shree Krishna Paper Mills & Industries Limited (Seller) and KRN HVAC Products Private Limited (Buyer) |
| Purpose | Purchase of an industrial plot |
| Purchase Consideration | Rs. 8,51,98,000 |
| Shareholding | Nil |
| Related Party Transaction | No |
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