Shree Refrigerations Ltd — Important, 10-09-2025: Company Update

Shree Refrigerations, through its subsidiary Trezor Technologies, has partnered with Canada's Smardt Chillers to introduce advanced magnetic bearing chiller technology for India's $1.9 billion data center cooling market. This collaboration strategically diversifies SRL's business beyond its traditional defense sector. The company expects this new commercial vertical to contribute 10-15% of revenues within three years. The partnership brings highly energy-efficient, oil-free chillers that are 20-50% more efficient and reduce maintenance. This move strengthens SRL's position in critical infrastructure cooling, building on its existing experience of commissioning over 40 similar chillers in India.