Shree Refrigerations Limited has informed stock exchange stakeholders of a change in the inauguration schedule for its upcoming manufacturing facility, filing the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication, dated 12 May 2026, references an earlier intimation dated 4 March 2026, in which the company had originally announced the inauguration date.

Inauguration Rescheduled to June 2026

The company had previously announced the inauguration of its new facility at Plot No. M N 537, Hanbarwadi, Satara – 415106, scheduled for 20 May 2026. The latest disclosure confirms that the inauguration has now been moved to June 2026. No specific date within June 2026 has been provided in the filing.

Key details of the disclosed development are summarised below:

Stakeholder Communication

Shree Refrigerations has stated its commitment to keeping all stakeholders informed of significant developments. The company has indicated that any further updates regarding the inauguration will be duly communicated. The disclosure was signed by Tanmay Mukund Pethkar, Company Secretary and Compliance Officer, on behalf of Shree Refrigerations Limited.

Shree Refrigerations Limited has secured a substantial defense sector order worth ₹4,83,49,286.24 from Cochin Shipyard Ltd for the Next Generation Missile Vessel (NGMV) Project. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The contract involves the supply of 8 kw Refrigeration Plant specifically designed for the Next Generation Missile Vessel project. This domestic order represents a significant business development for the company in the defense manufacturing sector.

Financial and Commercial Terms

The order value of ₹4,83,49,286.24 (Rupees Four Crore Eighty Three Lakh Forty Nine Thousand Two Hundred Eighty Six and Twenty Four Paisa Only) excludes GST. The company has confirmed that this is a domestic order with a delivery timeline extending to 4th February 2030, providing a substantial execution period for the specialized refrigeration equipment.

Regulatory Compliance and Disclosures

Shree Refrigerations Limited has confirmed that this order does not constitute a related party transaction and has been awarded at arm's length. The company has also disclosed that neither the promoters, promoter group, nor group companies have any interest in Cochin Shipyard Ltd, the entity awarding the contract.

Strategic Significance

This order represents the company's continued engagement in the defense sector, specifically in providing specialized refrigeration solutions for naval vessels. The Next Generation Missile Vessel project underscores the company's capability to deliver technical solutions for advanced defense applications. The extended delivery timeline until February 2030 indicates the complex nature of the specialized refrigeration plant required for naval applications.