Shree Refrigerations Limited has secured a substantial defense contract worth Rs 28.59 crore from the Controller Procurement, Material Organisation, Visakhapatnam. The order involves the supply of 13 MBC Based AC Plants along with OB spare parts, reinforcing the company's strong position in the defense segment.

Order Details and Specifications

The contract details reveal a comprehensive supply arrangement with specific technical requirements:

The order represents a domestic supply contract with no related party transactions involved. The company confirmed that promoters and group companies have no interest in the entity that awarded the contract.

Strong Order Book Performance

The latest contract adds to Shree Refrigerations' impressive order accumulation in recent months. The company has disclosed receiving multiple fresh orders worth more than Rs 40 crore in the last 2 months from the Indian Navy. These orders predominantly pertain to:

• Retrofitting and upgrading existing equipment with newer, higher performance systems
• Replenishing spare parts for previously installed equipment
• Mission-critical HVAC and refrigeration systems

With these additions, the company's total closing order book now exceeds Rs 320 crore (excluding GST), providing strong medium-term revenue visibility.

Financial Performance Highlights

Shree Refrigerations Limited has demonstrated robust financial performance during the current financial year:

The company has surpassed its total revenue of the previous financial year within the first nine months, driven by steady order inflows and disciplined project execution.

Strategic Positioning and Outlook

The defense orders enhance Shree Refrigerations' market position in mission-critical applications and reflect continued confidence from defense establishments in the company's engineering capabilities. The projects will be executed using indigenously developed technologies, aligning with India's focus on self-reliance in critical infrastructure.

Based on current order visibility and execution momentum, the company continues to execute orders in alignment with its guidance of 40 percent year-on-year revenue growth for the financial year. The latest defense orders further strengthen the order book and provide improved earnings visibility, positioning the company for sustained growth supported by a diversified project pipeline.

Shree Refrigerations Limited has secured a substantial order worth ₹5,22,37,815.19 from Controller Procurement, Material Organisation, Visakhapatnam for the supply of self-contained air conditioners. The company announced this development through a regulatory filing dated January 31, 2026, under SEBI Listing Regulations.

Order Details and Specifications

The domestic order encompasses the supply of self-contained air conditioners across three different capacity ranges. The contract specifications include units of 3TR, 5TR, and 7.5TR capacity, catering to varied cooling requirements.

Delivery Timeline and Execution

The company has committed to a delivery timeline of 270 days from the order date of January 30, 2026. The final delivery is scheduled for October 27, 2026, providing the company with approximately nine months to fulfill the complete order requirements.

Regulatory Compliance and Disclosures

Shree Refrigerations confirmed that this order does not involve any related party transactions and is conducted at arm's length. The company has clarified that neither the promoter group nor group companies have any interest in the entity that awarded the contract.

Corporate Information

The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI circular dated November 11, 2024. The announcement was signed by Ravalnath Gopinath Shende, Managing Director, and the information has been uploaded on the company's website at shreeref.com.