Pursuant to the provision of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose a press release ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Refrigerations Ltd (BSE SME: SHREEREF), a defence-focused cooling solutions company, has announced a strategic association with Smardt Chillers Pte Ltd, a global leader in oil-free chillers, to bring magnetic bearing chiller technology to India's data center market. The MoU was executed through its wholly-owned subsidiary Trezor Technologies. SRL expects this new data center vertical to contribute 10–15% of revenues over the next three years, diversifying beyond its traditional defence base. Smardt's chillers are 20–50% more energy-efficient than conventional oil-lubricated ones, and SRL has already installed 40+ magnetic bearing chillers in India, showing prior technical capability.
The partnership opens a new high-growth, scalable revenue stream in commercial cooling, which could improve long-term margins and broaden investor appeal. Near-term stock impact may be limited since the 10–15% revenue contribution is expected gradually over three years, but it signals a meaningful diversification beyond defence dependency.