Subsidiary31 Aug 2026, 05:31 pm
Shree Refrigerations to Incorporate Wholly Owned Subsidiary
AI Summary
Shree Refrigerations Limited announced that its Board of Directors has approved the incorporation of a Wholly Owned Subsidiary (WOS) named 'Aquilon Deep Chill Limited' or any other name approved by the Ministry of Corporate Affairs. The WOS will be engaged in the manufacturing and dealing of chillers, heat pumps, refrigeration, cooling, heating, and HVAC systems. The company will subscribe to the initial paid-up share capital of up to ₹5,00,00,000/- in cash, representing 100% shareholding.
Key Highlights
- Board approves incorporation of a wholly owned subsidiary.
- New subsidiary to be named 'Aquilon Deep Chill Limited'.
- Focus on manufacturing chillers, heat pumps, and HVAC systems.
- Investment of up to ₹5 Crore in the subsidiary's share capital.
- Subsidiary will be 100% owned by Shree Refrigerations Ltd.
Price Impact
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