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.

Shree Refrigerations Limited (INE0FMZ01045) has announced a significant business development through its wholly-owned subsidiary, Trezor Technologies Private Limited. The company has executed a strategic distribution agreement with Smardt Chillers Pte. Ltd., a Singapore-based entity, marking a notable expansion in its data center cooling solutions business.

Agreement Details

The agreement, effective from September 1, 2025, to December 31, 2027, appoints Trezor Technologies as the authorized distributor for Smardt Chillers' products in India's data center market. This partnership encompasses a comprehensive scope of services, including:

• Sales of chillers to data centers within India
• Installation services for the supplied equipment
• After-sales support and maintenance

Roles and Responsibilities

Under the terms of the agreement, Trezor Technologies will be responsible for:

• Promoting and marketing Smardt Chillers' products
• Executing sales in the Indian data center market
• Providing installation services for the chillers
• Delivering after-sales support and maintenance
• Meeting agreed-upon annual sales targets
• Maintaining adequate staff, facilities, and spare parts inventory
• Participating in training programs

Smardt Chillers, for its part, commits to:

• Supplying the chiller products
• Providing technical support and training
• Contributing to marketing programs and supplying promotional materials

Strategic Implications

This agreement positions Shree Refrigerations, through its subsidiary Trezor Technologies, to capitalize on the growing demand for efficient cooling solutions in India's rapidly expanding data center market. By partnering with Smardt Chillers, a recognized player in the chiller industry, Shree Refrigerations aims to enhance its product offerings and service capabilities in this specialized sector.

Corporate Governance

The agreement received approval from the Board of Directors of both Trezor Technologies Private Limited and Shree Refrigerations Limited on September 04, 2025. This dual approval underscores the strategic importance of the partnership and ensures alignment with corporate governance practices.

Disclosure Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shree Refrigerations has made the necessary disclosures to the BSE Limited. The company has also confirmed that this transaction does not fall under related party transactions and that there are no restrictions or liabilities imposed on the listed entity as a result of this agreement.

Investors and stakeholders can access additional details about this strategic partnership on the company's official website at https://www.shreeref.com/ .

As Shree Refrigerations Limited expands its footprint in the data center cooling solutions market through this partnership, market observers will be keen to see how this strategic move impacts the company's performance and market position in the coming years.