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 , a company specializing in refrigeration solutions, has announced a significant order acquisition, bolstering its position in the domestic market. The company has secured an order worth ₹19.40 million (₹1.94 crore) for the supply of a magnetic bearing compressor.

Order Details

The order, valued at ₹1,94,25,000, was awarded by the Material Organisation (Mumbai), a domestic entity. According to the company's disclosure to the BSE, the contract involves the supply of a magnetic bearing compressor, highlighting Shree Refrigerations' expertise in advanced refrigeration technology.

Execution Timeline

Shree Refrigerations has been given a delivery timeline of 365 days from the execution of the supply order. This timeframe suggests a substantial project that may require custom manufacturing or specialized production processes.

Market Implications

This order is a positive development for Shree Refrigerations, potentially indicating:

• Strong demand for the company's specialized refrigeration products
• The company's competitive edge in magnetic bearing compressor technology
• Possible expansion of its client base in the domestic market

Company Disclosure

In compliance with SEBI regulations, Shree Refrigerations has made a formal disclosure regarding this order. The company confirmed that the contract does not fall under related party transactions, and neither the promoter group nor group companies have any interest in the entity awarding the order.

Shree Refrigerations, formerly known as Shree Refrigerations Private Limited, is listed on the BSE with the scrip code 544458. The company's proactive disclosure aligns with the transparency requirements for listed entities in India.

While specific details about the end-use of the magnetic bearing compressor or the exact nature of the project were not disclosed, this order underscores Shree Refrigerations' capabilities in providing advanced refrigeration solutions to domestic clients.