Shree Refrigerations Limited , a key player in the refrigeration industry, has taken a significant step forward by formalizing a partnership with Smardt Inc., the global leader in high-efficiency chillers. The company submitted a detailed corporate presentation to the Bombay Stock Exchange (BSE) following a formal agreement exchange event held on September 9, 2025, at the prestigious ITC Maratha in Mumbai.

Strategic Alliance Unveiled

The corporate presentation, signed by Managing Director Ravalnath Gopinath Shende, offers comprehensive insights into Smardt Inc.'s operations and technological prowess. This strategic move positions Shree Refrigerations to leverage Smardt's three decades of expertise in oil-free chiller technology, potentially revolutionizing its product offerings and market reach.

Smardt Inc.: A Global Powerhouse

Smardt Inc., renowned for its leadership in high-efficiency chillers, boasts an impressive global footprint:

• 30 years of experience in oil-free chiller technology
• 7 manufacturing facilities worldwide
• 8 sales offices spanning key regions
• Presence in Americas, Europe, Middle East, Africa, Greater Asia Pacific, and Greater China

Diverse Market Penetration

The presentation highlights Smardt's extensive reach across various sectors, including:

• Commercial and Industrial applications
• Healthcare and Pharmaceutical industries
• Data Centers
• Government and Educational institutions
• Hospitality and Transportation sectors

Cutting-Edge Product Range

Smardt's product lineup showcases its technological superiority:

• Chiller capacity range: 60-3600 TonR (210-12,660 kWR)
• Product types include water-cooled, air-cooled, and evaporative-cooled chillers
• Specialized offerings like low GWP HFOs and central plant optimization controls

Innovative Features

The partnership brings several advantages to Shree Refrigerations, including access to Smardt's innovative technologies:

• Smardt Restart™: Industry's fastest chiller restart (< 20 seconds)
• Enhanced reliability with oil-free technology
• Reduced maintenance costs (up to 50% reported by customers)
• Ultra-low sound levels and vibration

Event Highlights

The formal agreement exchange event, held at the Ball Room–4 of ITC Maratha, saw participation from various stakeholders:

• Representatives from financial institutions like Lucky Investment and IDBI Capital Market and Securities Limited
• Analysts from Narnolia Financial Services Limited
• Independent directors of Shree Refrigerations Limited
• High Net Worth Individuals (HNIs) and representatives from Aarth AIF and Niveshaay

Regulatory Compliance

In adherence to Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, Shree Refrigerations Limited assured that no Unpublished Price Sensitive Information (UPSI) was shared during the event.

This strategic alliance between Shree Refrigerations Limited and Smardt Inc. marks a significant milestone in the Indian refrigeration industry. By combining Shree Refrigerations' local market knowledge with Smardt's global expertise and cutting-edge technology, the partnership is poised to deliver innovative cooling solutions to diverse sectors across India and potentially beyond.

Shree Refrigerations Limited , a prominent player in the refrigeration industry, has announced a significant development involving its wholly-owned subsidiary, Trezor Technologies Private Limited. The company is set to formalize an agreement with Smardt Chillers Pte. Ltd., a Singapore-based entity, in a high-profile meeting scheduled for September 09, 2025.

Meeting Details

The formal exchange of the agreement will take place at the ITC Maratha, a luxury hotel in Mumbai. The event is slated to begin at 11:00 A.M. IST in Ball Room-4 of the hotel, bringing together key stakeholders from both companies.

Attendees and Participants

The meeting will host an impressive array of participants, including:

• Representatives from Trezor Technologies Private Limited and Smardt Chillers Pte. Ltd.
• A list of 18 marquee investors from various investment firms
• Merchant bankers
• Media representatives
• Prospective customers
• Directors and key management personnel of Shree Refrigerations Limited

Marquee Investors

The event has attracted attention from notable investors across India and abroad. Some of the prominent names include:

Agreement Details

The agreement, which was approved by the Board of Directors of Shree Refrigerations Limited on September 04, 2025, outlines a strategic partnership between Trezor Technologies and Smardt Chillers. Key points of the agreement include:

• Trezor Technologies is appointed for selling chillers to data center sectors in India
• The agreement covers installation and after-sales services
• The term of the agreement is from September 1, 2025, to December 31, 2027

Responsibilities and Commitments

Trezor Technologies' Responsibilities:

• Promoting, marketing, selling, installing, and servicing Smardt's products
• Meeting agreed annual targets
• Maintaining adequate staff, facilities, and spare parts
• Attending training sessions
• Sharing promotional costs with Smardt

Smardt Chillers' Commitments:

• Supplying products
• Providing technical support and training
• Offering promotional materials
• Contributing towards marketing programs

Implications for Shree Refrigerations

While Shree Refrigerations Limited is not directly party to the agreement, this strategic move by its wholly-owned subsidiary could potentially open new avenues in the data center cooling sector. The collaboration with a foreign entity like Smardt Chillers may bring advanced technologies and expanded market reach for the Shree Refrigerations group.

The high-profile nature of the upcoming meeting, coupled with the presence of marquee investors and industry stakeholders, underscores the potential significance of this agreement for Shree Refrigerations Limited's future growth strategy in the specialized cooling solutions market.

As the refrigeration industry continues to evolve, particularly in the fast-growing data center sector, this partnership could position Shree Refrigerations and its subsidiary favorably in the competitive landscape.