Investor Presentation for Earnings Conference call scheduled today i.e. Friday, at 12.15 P.M.

30th October 2026 Department of Corporate Services/ Listing BSE LIMITED 25th Floor, P J Towers, Dalal Street, Mumbai-400001 Subject: Investor Presentation on the Financial Results for the Half Year ended September 30, 2026 Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Scrip Code: 544458 ISIN: INE0FMZ01045 Dear Sir/Madam, Pursuant to the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclosed the Presentation to be made to analyst / investors on the financial results for the Half Year ended September 30, 2026. Please access the live webcast of Earnings Conference call scheduled to be held today i.e., Friday, October 30, 2026, at 12.15 P.M. at https://events.kaptify.in/ShreeRef-H1FY27-Concall. Further, a copy of the said Investor Presentation is also enclosed as annexure. This investor presentation is also being placed on the website of the Company at www.shreeref.com. Kindly take the same on record. Thank you, For and on behalf of Shree Refrigerations Limited Tanmay Mukund Pethkar Company Secretary and Compliance Officer Membership No. A53618 6th Floor," Samarth House”, Survey No.116/3/1, 3/3,3/10, Near shell Petrol Pump, Warje, Pune, Maharashtra, India – 411058 SHREE REFRIGERATIONS LTD DEFENCE | DATA CENTRES We don’t just make Products, We manufacture Pride I NV E S TO R P RE S E NTATI O N H1 FY2 7 Key Financial Highlights (H1’FY27 - Standalone) Revenue EBITDA Net Profit INR 93.2 INR 12.7 INR 6.8 Cr Cr Cr 84.9% YoY 123.6% YoY 360.9% YoY EPS EBITDA % Net Profit % 13.6 7.3 INR 1.91 297.9% YoY +235 bps YoY +438 bps YoY SHREE REFRIGERATIONS LIMITED 2 SIDM Champion Award 2026 (8th Society of Indian Defence Manufacturers Annual Session | Indigenization – Critical Equipment | New Delhi | 9 Oct 2026) Recognized for indigenizing the air conditioning system for Scorpène-class submarine Presented by Hon’ble Raksha Mantri Shri Rajnath Singh SHREE REFRIGERATIONS LIMITED 3 COMPANY OVERVIEW SHREE REFRIGERATIONS LIMITED 4 Inside Shree Refrigerations D E C A D E + O F S E R V I N G I N D I A N N A V Y India's leading defence-oriented manufacturer of high- 10+ years performance HVAC System and AC & Ref Plant for mission-critical applications. of trusted Indian Navy engagement from first marine HVAC orders (2012) to Corporate indigenous submarine AC plants and magnetic-bearing chillers for P17A warships. Video 30+ 375+ 8 3 of 3 Locations (Across India) Naval Marine Registrations Years of experience Team Strength (as on 30th September 2026) 2 Manufacturing & 6 Branch Offices SHREE REFRIGERATIONS LIMITED 5 What Drives Us Core Vision Values Building a stronger nation with indigenous products and cooling solutions. Collaboration Transparency Mission Integrity Provide reliable, high-quality products for defence and Agility engineering sectors, supporting India’s self-reliance and technological excellence. SHREE REFRIGERATIONS LIMITED 6 Our Journey Of Engineering 1990 1994 1995 1998 2002 2006 Started as a Introduced Manufactured first Moved to owned Developed first Became a private partnership firm in condensing units for chiller for newspaper premises calorimeter test rig limited company rented premises milk cooling printing and refrigeration test room 2012 From “New Entrant to Market Leader” in “Naval HVAC&R” in Seven Years Started Marine HVAC and received first ISO certification 2025 2024 2023 2020 2018 2017 Listed on BSE SME Became a public Received first turnkey Secured equity Received first tender Developed Platform limited company and HVAC order investment from for magnetic bearing Indigenous ACs for received the Udyam IDBI under the chillers for P17A P75 Scorpene Lions Share of New Kaustubh Award Self-Reliant India warships Submarines Build Ships and Scheme Retrofit Orders SHREE REFRIGERATIONS LIMITED 7 BUSINESS OVERVIEW SHREE REFRIGERATIONS LIMITED 8 Core Business Identity Defence-focused Trusted supplier to the Indian Navy, manufacturer of marine- Indian PSUs, shipyards and private industrial clients grade HVAC & refrigeration systems Only Indian company registered across all 3 Turnkey HVAC&R Solutions AC & Ref Plants Electrical Control Panels critical naval segments SHREE REFRIGERATIONS LIMITED 9 Business Model MANUFACTURING VALUE-ADDED & SUPPLY SERVICES Equipment (New + Retrofit) Installation & Commissioning Turnkey HVAC & R, AC & Ref Plants, Heat Exchangers, Electrical On-site execution, training, operations and maintenance Control Panels handover Spares (Recurring Revenue) AMC & Life Cycle Services On-board vessel storage and base depot inventory Preventive + Corrective Maintenance throughout system replenished every 3–5 years through equipment life lifecycle SHREE REFRIGERATIONS LIMITED 10 Marine HVAC&R Portfolio AC Plant Marinised Split Air Conditioner Marine HVAC&R 5 TR to 300 TR (seawater or air-cooled) Designed for maritime environments Systems ▪ Chillers for warships and submarines – NHQ/ DME Approved Starter & Control Panels Refrigeration Plant ▪ Turnkey HVAC&R for For pumps and motors in defence 0.5 TR to 35 TR applications warships and submarines – NHQ/ DNA Approved ▪ Electrical control panels for warships and submarines – NHQ/ DEE Approved Self-Contained Air Conditioner AHU/ATU & Fan Coil Units Compact cooling for marine applications For efficient air distribution SHREE REFRIGERATIONS LIMITED SRL’s Projects (1/2) Project/Ship Product Project Status INS Dhruv (Project VC 11184) AC & Ref Plant with Control Panel Completed INS Jalashwa SCAC with Control Panel Completed INS Jalashwa Unit Cooler Completed Brahmaputra Class AC Plant with Control Panel Completed P17A, Nilgiri Class Ships AC Plant with Control Panel Completed P75 Scorpene Submarine (INS Vagsheer) FCU AC Plants with Control Panel Completed FPV, Coast Guard (GSL) Turnkey HVAC Completed CTS AC Plant with Control Panel Completed Solas Marine Turnkey HVAC for Tugs Completed ASW SWC AC Plants Completed SHREE REFRIGERATIONS LIMITED 12 SRL’s Projects (2/2) Project/Ship Product Project Status Fleet Support Ships AC Plant Ongoing Fleet Support Ships Ref Plant Ongoing Fleet Support Ships HVAC Ongoing FPV (MDL) Turnkey HVAC Ongoing B-Class - 1 MBC AC Plant with Control Panel Ongoing B-Class - 2 MBC AC Plant with Control Panel Ongoing Shivalik MBC AC Plant with Control Panel Ongoing NGMV Ref Plant with Control Panel Ongoing NGOPV Turnkey HVAC Ongoing Kongsberg Cooling System for RAS & FAS Ongoing SHREE REFRIGERATIONS LIMITED 13 State-of-the-art Manufacturing Facility Located at Karad, Equipped with advanced machinery, in-house design and naval-grade testing Maharashtra Every system inspected and signed off stage-by-stage as per naval quality standards Infrastructure Unit - 1 Unit – 2 (New Greenfield Expansion) (~20,000 sq. ft.) (~50,000 sq. ft.) Executing Core Manufacturing Expandable to ~1,00,000 sq. ft. Processes Manufacturing Capabilities ▪ CNC Laser Cutting, Bending, Drilling & Grooving SPM for Tube Sheet, Plasma Hole Cutting & Chamfering SPM for Condenser Certified by ▪ Modern Shot Blast & Painting Shop ▪ Robot Welding Stations ▪ ISO ▪ Heavy Duty Plate Rolling Machines ▪ ZED Gold ▪ IRS ▪ VMC, CNC set up ▪ 25m Span 15T Cranes – 2 nos SHREE REFRIGERATIONS LIMITED Birds Eye View of the New Unit Inaugurated SHREE REFRIGERATIONS LTD 15 Overview of the New Plant (Unit 2 : Designed to enhance capacity, efficiency and operational scalability) New Capability Additions: 01 | Laser Cutting Machine Enhanced precision cutting capability 02 | Paint Shop Strengthen finishing capabilities and process control. 03 | Shot Blasting Supporting improved component quality and finishing. 04 | Recreational Area Better workplace environment and employee well-being. Integrated Manufacturing Infrastructure | Enhanced In-house Capabilities | Improved Process Control SHREE REFRIGERATIONS LTD 16 In-house Test Facility Our advanced in-house testing facility ena [Showing first 8,000 characters — download PDF for full document]