Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform ....
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Shree Refrigerations' wholly-owned subsidiary Trezor Technologies Private Limited has signed an agreement with Smardt Chillers Pte. Ltd., Singapore, on September 4, 2025. Under the deal, Trezor has been appointed to sell, install, and service Smardt's chillers targeted at data centres in India, along with handling after-sales support. The agreement runs from September 1, 2025 to December 31, 2027 (about 2.3 years). Trezor must meet agreed annual sales targets, maintain adequate staff and spare parts inventory, attend training, and share promotional costs with Smardt. Smardt will supply products, technical know-how, training, and marketing materials. The agreement was approved by Trezor's board and also by Shree Refrigerations' board via a circular resolution on the same day. No related-party issues or change in management control have been flagged.
This opens a new revenue stream for Shree Refrigerations in the fast-growing data centre cooling market through a partnership with a globally recognised chiller technology player. Investors should view it as a positive strategic move into a high-demand segment, though actual revenue impact depends on Trezor hitting its annual sales targets over the agreement period.