Shree Refrigerations Ltd

Shree Refrigerations Limited (SRL) has supplied mission-critical Marine Air-Conditioning Plants for INS Dunagiri and INS Agray, two of the three warships commissioned into the Indian Navy by Prime Minister Narendra Modi. These systems have been successfully type-tested and commissioned for onboard operational use. This marks the second occasion SRL has supplied AC plants for ships commissioned by the Prime Minister, following a similar installation on two of three ships in January 2025. The company highlights this as a testament to Indian manufacturers' capability in delivering complex defence solutions and supporting the Atmanirbhar Bharat initiative. SRL also recently inaugurated a new manufacturing facility, doubling its production capacity.

Shree Refrigerations Ltd has announced securing two purchase orders totaling ₹2,54,83,281.65 (excluding GST) from Mazagon Dock Shipbuilders Limited. The orders are for the supply of OBS Spare and B & D Spare for an AC Plant, and for FCU Repair, maintenance & installation. The first order is to be executed within 12 months on a door delivery basis, while the second has a delivery timeline extending to June 7, 2027. This development signifies new business for the company and expands its order book with a prominent public sector undertaking.

Shree Refrigerations Ltd (SRL) is inaugurating a new 50,000 sq ft manufacturing facility in Karad, Satara, Maharashtra on June 20, 2026. The facility, built on 6 acres, features advanced machinery, robotic welding, laser cutting, and complies with IGBC standards. This expansion aims to enhance SRL's capabilities in designing and manufacturing specialized cooling solutions for defence applications, improve efficiency, and strengthen the supply chain. SRL reported over 100% revenue growth in H2FY26 and over 50% in FY26.

Shree Refrigerations Ltd. resubmitted its audited financial results for the half year and year ended March 31, 2026, following a Board Meeting on May 25, 2026. The resubmission incorporates a presentational refinement in the Cash Flow Statement, specifically reclassifying the 'Increase/(Decrease) in Provisions' line item within 'Changes in Working Capital' to better align with AS 3. The revision does not impact Net Profit/Loss, Balance Sheet positions, or Profit & Loss Statement items, and the Statutory Auditors' unmodified opinion remains valid.

Shree Refrigerations Ltd. reports no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO) for the half year ended March 31, 2026. This confirmation follows a review by the Audit Committee and approval by the Board of Directors on May 25, 2026. The company raised ₹9451.25 Lakhs through a public issue on July 31, 2025, and the funds were allocated to working capital (₹700 Lakhs), general corporate purposes (₹100 Lakhs), and issue-related expenses (₹1,451.25 Lakhs).

Shree Refrigerations Ltd (SRL) reported strong H2 & FY26 performance, with revenue growing by over 100% YoY in H2FY26 and over 50% YoY in FY26. The company's EBITDA increased by 136% to ₹271.6 Mn in H2FY26 and 21.8% to ₹328.2 Mn for FY26. Net profit surged by 325.5% to ₹199.2 Mn in H2FY26 and 64.7% to ₹214.0 Mn for FY26. Strategic investments in HVAC execution capabilities during H1FY26 drove scalable growth. The company's unexecuted order book stood at ₹2707.7 Mn as of March 31, 2026, providing strong visibility for future growth.

Shree Refrigerations Ltd's board meeting on May 25, 2026, approved the audited standalone and consolidated financial statements for the year ended March 31, 2026. The board also appointed the Internal Auditor, Secretarial Auditor, and Cost Auditor for the financial year 2026-27. Additionally, the board approved a new Code of Conduct for Insider Trading. The meeting commenced at 2:00 P.M. and concluded at 05:00 P.M.

Shree Refrigerations Ltd. announced the approval of its audited standalone and consolidated financial statements for the year ended March 31, 2026, following a Board of Directors meeting on May 25, 2026. The board also approved the auditor's report on these financial statements and appointed internal, secretarial, and cost auditors for the financial year 2026-27. Additionally, a new Code of Conduct for Insider Trading was approved. The audited financial results, along with the audit report and statement of deviations, have been submitted as annexures.

Shree Refrigerations Ltd's Board of Directors approved the audited standalone and consolidated financial statements for the year ended March 31, 2026. They also approved the auditor's report and appointed the internal, secretarial, and cost auditors for the financial year 2026-27. Additionally, the board approved a new Code of Conduct for Insider Trading. The meeting, held on May 25, 2026, commenced at 2:00 P.M. and concluded at 05:00 P.M.

Shree Refrigerations Ltd has scheduled a Board of Directors meeting on May 25, 2026, to consider and approve the audited standalone financial results for the year ended March 31, 2026. The trading window for dealing in the company's shares has been closed from April 1, 2026, until 48 hours after the results are made public.