BSECompany Update26 Aug 2026 · 26 Aug 2026, 05:38 pm
Pursuant to the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby enclose the updated Investor Presentation w.r.t. new manufacturing facility for upcoming Investor ....
Shree Refrigerations Ltd · 544458
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Shree Refrigerations Ltd has submitted an updated Investor Presentation to BSE, including information on its new manufacturing facility.
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Shree Refrigerations Ltd - 544458 - Announcement under Regulation 30 (LODR)-Investor Presentation
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26th August 2026
Department of Corporate Services/ Listing
BSE LIMITED
25th Floor, P J Towers,
Dalal Street, Mumbai-400001
Subject: Submission of Updated Investor Presentation w.r.t New Manufacturing Facility
Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015
Scrip Code: 544458
ISIN: INE0FMZ01045
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please find enclosed the updated Investor Presentation of Shree Refrigerations Limited. The
enclosed presentation, being issued in continuation of the disclosure made on 26th May 2026, has been
revised to include information relating to the Company's new manufacturing facility.
The enclosed presentation is proposed to be used during the Company's upcoming investor meeting and
is being shared for the information of investors, shareholders and the public at large.
We request you to kindly take the same on record.
Thanking 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
Encl: Investor Presentation
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
Augu s t 2 0 2 6
Key Financial Highlights
(FY26)
Cash flow from
Operations turned
Revenue EBITDA Net Profit EPS
Positive in FY26
INR 1,535 INR 328 INR 214
INR 6.47
Mn Mn Mn
Working capital cycle
improved from
55.5% YoY 21.8% YoY 64.7% YoY 28.4% YoY
~570 days (FY25) to
~370 days (FY26)
SHREE REFRIGERATIONS LIMITED 2
COMPANY
OVERVIEW
SHREE REFRIGERATIONS LIMITED 3
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+ 345+ 8 3 of 3
Locations (Across India) Naval Marine Registrations
Years of experience Team Strength (an on 31st March 2026)
2 Manufacturing & 6 Branch Offices
SHREE REFRIGERATIONS LIMITED 4
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 5
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 6
BUSINESS
OVERVIEW
SHREE REFRIGERATIONS LIMITED 7
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 8
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 9
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
Brahmaputra Class AC Plant with Control Panel Completed
Completed
P17A, Nilgiri Class Ships AC Plant with Control Panel
06/07 Shipsets Delivered
P75 Scorpene Submarine
FCU AC Plants with Control Panel Completed
(INS Vagsheer)
Completed
FPV, Coast Guard (GSL) Turnkey HVAC
06/08 Shipsets Delivered
Completed
CTS AC Plant with Control Panel
03/03 Shipsets Delivered
Completed
Solas Marine Turnkey HVAC for Tugs
02/02 Shipsets Delivered
SHREE REFRIGERATIONS LIMITED 11
SRL’s Projects
(2/2)
Project/Ship Product Project Status
Fleet Support Ships AC Plant, HVAC and Ref Plant Ongoing
Ongoing
FPV Turnkey HVAC
02/14 Shipsets Delivered
Beas MCB AC Plant with Control Panel Ongoing
Shivalik MCB AC Plant with Control Panel Ongoing
NGMV Ref Plant with Control Panel Ongoing
Ongoing
NGOPV Turnkey HVAC
03/07 Shipsets Delivered
Kongsberg Cooling System for RAS & FAS Ongoing
SHREE REFRIGERATIONS LIMITED 12
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. & supported by a 40%-50%
Processes subsidy on CAPEX under PSI scheme of Government of
Maharashtra
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
▪ ISO
▪ Robot Welding Stations
▪ ZED Gold
▪ Heavy Duty Plate Rolling Machines
▪ 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 14
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 15
In-house
Test Facility
Our advanced in-house testing facility enables performance validation,
quality assurance, and rigorous testing under controlled conditions
Controlled Ambient
AC Test Room
Chiller Performance Test Bed
Chiller Tilt
• Test Bed facility for 650 KW Marine Plant – 2 nos
Test Facility
• Leak test facility fo
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