Subsidiary15 Oct 2026, 04:44 pm
Shree Refrigerations Incorporates Wholly Owned Subsidiary Aquilon Limited
AI Summary
Shree Refrigerations Limited has incorporated a wholly-owned subsidiary named "Aquilon Limited" in India. The new entity will engage in the manufacturing and dealing of chillers, heat pumps, refrigeration, cooling, heating, and HVAC systems. Shree Refrigerations has subscribed to the initial paid-up share capital of Aquilon Limited, amounting to ₹2,50,00,000 (₹2.5 Crore), through cash consideration.
Key Highlights
- Shree Refrigerations Ltd has incorporated a new wholly-owned subsidiary, Aquilon Limited.
- Aquilon Limited will operate in the manufacturing of HVAC and refrigeration systems.
- The company invested ₹2.5 Crore in the subsidiary's initial paid-up share capital.
- The incorporation is a strategic move to expand business operations in the manufacturing sector.
Price Impact
More from SHREEREF