Outcome of Board Meeting held on Monday, 31st August 2026

31st August 2026 Department of Corporate Services/ Listing BSE LIMITED 25th Floor, P J Towers, Dalal Street, Mumbai-400001 Subject: Outcome of Board Meeting held on Monday, 31st August 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 the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Company is hereby submitting that the Board of Directors in the Meeting held on Monday, 31st August 2026 has taken the following decision as given hereunder: 1. Proposed incorporation of/ Investment in a Wholly Owned Subsidiary Company The Board of Directors, at its meeting held today has approved the incorporation of a Wholly Owned Subsidiary of the Company under the provisions of the Companies Act, 2013 with the name and style of “Aquilon Deep Chill Limited” or any other name that may be approved by Ministry of Corporate Affair (MCA). The disclosures as required under Regulation 30 of SEBI Listing Regulations read with SEBI Circular: SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 are given in Annexure - A. The meeting commenced at 2:30 p.m. and concluded at 3:35 p.m. This intimation is also being placed on the website of the Company at www.shreeref.com . Kindly take the aforesaid submission on your 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: Annexure A Annexure A Sr. Particulars Details 1 Name of the entity, date & country of Name of Proposed Company: In the incorporation, etc. name and style of “Aquilon Deep Chill Limited” or any other name that may be approved by Ministry of Corporate Affair (“MCA”). Date of Incorporation: Incorporation is under process. Country of incorporation: The registered office of the proposed company will be situated in Karad, Satara, Maharashtra, India. 2 Name of holding company of the The Company being incorporated is a incorporated company and relation with wholly owned subsidiary of Shree the listed entity Refrigerations Limited, the Holding Company. 3 Industry to which the entity being Manufacturing incorporated belongs 4 Brief background about the entity To carry on the business of designing, incorporated in terms of products/line of manufacturing, assembling, supplying, business installing, commissioning, servicing, repairing, importing, exporting and dealing in all types of chillers, heat pumps, refrigeration, cooling, heating and HVAC systems including air cooled chillers, water cooled chillers, industrial chillers, air source heat pumps, water source heat pumps and allied equipment, components, spare parts, controls and automation systems. 5 Brief details of any governmental or NA regulatory approvals required for the incorporation 6 Nature of consideration - whether cash 100% subscription to the initial paid-up consideration or share swap and details share capital in cash. of the same 7 Cost of subscription/price at which the Upto Rs. 5,00,00,000/- (Rupees Five shares are subscribed Crore Only) into equity shares of the proposed Company. 8 Percentage of shareholding/control by 100% subscription to the initial paid-up the listed entity and/or number of shares share capital in cash. allotted