KRN Heat Exchanger and Refrigeration Limited

rs,

J2017PLC058905 Contact No. 9116629184 Date: 15th May, 2026 To, BSE Ltd Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001, Maharashtra, India To, National Stock Exchange of India Limited E

₹600.06

presence across key international markets including the UAE, USA, Europe, and Canada • Revenue: ₹600.06 Cr • EBITDA Margin: 18.74% • Net Profit Margin: 12.54% FY26 Return Metrics • • ROE: 18.74% ROCE:

18.74%

tional markets including the UAE, USA, Europe, and Canada • Revenue: ₹600.06 Cr • EBITDA Margin: 18.74% • Net Profit Margin: 12.54% FY26 Return Metrics • • ROE: 18.74% ROCE: 12.31% Investor Presenta

12.54%

e UAE, USA, Europe, and Canada • Revenue: ₹600.06 Cr • EBITDA Margin: 18.74% • Net Profit Margin: 12.54% FY26 Return Metrics • • ROE: 18.74% ROCE: 12.31% Investor Presentation 3 Journey: Building I

12.31%

r • EBITDA Margin: 18.74% • Net Profit Margin: 12.54% FY26 Return Metrics • • ROE: 18.74% ROCE: 12.31% Investor Presentation 3 Journey: Building India’s Emerging HVAC&R Engineering Champion 2017 – 2

₹1,000

cquisition: Entering Bus AC & Railway HVAC Asset-and-team acquisition (Q2 FY26) gives KRN entry to ₹1,000 Cr+ Bus AC market and a path to full railway HVAC systems MARKET SIZE ~₹1,000 Cr+ Pan-India Bus

₹160

o full railway HVAC systems MARKET SIZE ~₹1,000 Cr+ Pan-India Bus AC TAM FY27 REVENUE TARGET ~₹160 Cr From Bus AC Line TARGET MARKET SHARE ~15% Year 1 of Full Ramp GROSS MARGIN Higher Full Ass

15%

0 Cr+ Pan-India Bus AC TAM FY27 REVENUE TARGET ~₹160 Cr From Bus AC Line TARGET MARKET SHARE ~15% Year 1 of Full Ramp GROSS MARGIN Higher Full Assembly vs Heat-exch Only WHY THIS DEAL RAMP PA

₹2

ng team • Paid for assets only — not an equity acquisition • Existing Sphere revenue immaterial (~₹2-3 Cr); value is the IP and team Strategic fit • Moves KRN from component supplier to full Bus A

14.68%

Geography Wise Revenue Distribution Domestic Sales Export Sales Top Markets Driving Revenue (%) 14.68% 15.69% 16.57% 85.26% 84.31% 83.43% 120% 100% 80% 60% 40% 20% 0% 37.90% 31.10% UAE U

15.69%

y Wise Revenue Distribution Domestic Sales Export Sales Top Markets Driving Revenue (%) 14.68% 15.69% 16.57% 85.26% 84.31% 83.43% 120% 100% 80% 60% 40% 20% 0% 37.90% 31.10% UAE USA Ital

16.57%

evenue Distribution Domestic Sales Export Sales Top Markets Driving Revenue (%) 14.68% 15.69% 16.57% 85.26% 84.31% 83.43% 120% 100% 80% 60% 40% 20% 0% 37.90% 31.10% UAE USA Italy 13.30

Education

1

Education

• • Diploma in Mechanical Engineering – Board of Technical Education, Rajasthan Diploma in Business Management – IMT Ghaziabad Investor Presentation 31 Board Leadership Driving Long-Term Value Creation Mr. Santosh Kumar Yadav Chairman and Managing Director Mrs. Anju Devi Whole Time Director Mr. Manohar Lal Non-Executive Director Mr. Srinivasa Rao Anasingaraju Independent Director Mr. Ketan Sharma Independent Director Mr. Deepak Batheja Independent Director Mrs. Meenakshi Sharma Independent Director Investor Presentation 32 The People Powering KRN’s Next Phase of Growth Mr. Pawan Navel Chief Financial Officer Mr. Bastiram Yadav Sr. GM – PE Maintenance Mr. Sukdev Operation Director Mr. Jitendra Kumar Sharma Company Secretary Mr. Devender Sales - President (food & Non-food) Mr. Sandeep Sales- Director Mr. Vivek Chauhan Sr. GM – Operations Investor Presentation Mr. Pragnesh Sales - President (Export) Mr. Pramod Verma Sales- Director 33 Shareholding Pattern & Share Price Performance NSE: KR