Company Disclosure: Shree Refrigerations Limited Board Meeting Outcomes and FY26 Financial Results
Board Meeting Details
The Board Meeting commenced at 2:00 PM and concluded at 5:00 PM on Monday, May 25, 2026. Key decisions included:
1. Approval of Audited Standalone and Consolidated Financial Statements for year ended March 31, 2026
2. Approval of Auditor's Report received from Statutory Auditors on Audited Standalone and Consolidated Financial Statements
3. Appointment of Internal Auditor for Financial Year 2026-27: M/s. Kendhe Badve & Co LLP, Chartered Accountants (FRN: W101066)
4. Appointment of Secretarial Auditor for Financial Year 2026-27: M/s. Mohit Singhal and Associates (Membership No. F11143, Certificate of Practice No. 15995)
5. Appointment of Cost Auditor for Financial Year 2026-27: M/s. Parkhi Limaye & Co. (Firm Registration No. 191)
6. Approval of new Code of Conduct for Insider Trading
Financial Results Highlights
Standalone Financial Results (Year Ended March 31, 2026):
- Revenue from operations: ₹15,354.97 lakhs (Previous year: ₹9,872.70 lakhs)
- Total revenue: ₹15,505.54 lakhs (Previous year: ₹9,909.13 lakhs)
- Profit before tax: ₹2,481.60 lakhs (Previous year: ₹1,868.65 lakhs)
- Net profit: ₹2,140.18 lakhs (Previous year: ₹1,299.71 lakhs)
- Basic EPS: ₹6.47 (Previous year: ₹5.04)
- Diluted EPS: ₹6.35 (Previous year: ₹5.04)
Half Year Ended March 31, 2026 (Standalone):
- Revenue from operations: ₹10,315.78 lakhs
- Total revenue: ₹10,433.50 lakhs
- Profit before tax: ₹2,381.35 lakhs
- Net profit: ₹1,992.22 lakhs
- Basic EPS: ₹5.98
- Diluted EPS: ₹5.88
Consolidated Financial Results (Year Ended March 31, 2026):
- Revenue from operations: ₹15,354.97 lakhs
- Total revenue: ₹15,505.54 lakhs
- Profit before tax: ₹2,499.38 lakhs
- Net profit: ₹2,153.26 lakhs
Balance Sheet Position (Standalone as of March 31, 2026)
- Total assets: ₹29,992.90 lakhs
- Property, Plant and Equipment: ₹2,154.24 lakhs
- Capital work-in-progress: ₹1,754.75 lakhs
- Current investments: ₹515.35 lakhs
- Inventories: ₹5,477.04 lakhs
- Trade receivables: ₹10,542.57 lakhs
- Cash and cash equivalents: ₹5,751.38 lakhs
- Share capital: ₹712.61 lakhs
- Reserves and surplus: ₹20,873.40 lakhs
Cash Flow Statement (Standalone FY26)
- Net cash from operating activities: ₹1,385.38 lakhs
- Net cash used in investing activities: ₹(3,111.80) lakhs
- Net cash from financing activities: ₹6,884.84 lakhs
- Net increase in cash: ₹5,158.42 lakhs
IPO Proceeds Utilization
The company was listed on BSE SME platform on August 1, 2025 through IPO of 75,61,000 equity shares of face value ₹2 each issued at premium of ₹123 per share. Total proceeds utilization as of March 31, 2026:
- Issue related expenses: ₹1,451.25 lakhs (fully utilized)
- General corporate purposes: ₹1,000.00 lakhs (fully utilized)
- Working capital requirements: ₹7,000.00 lakhs (fully utilized)
- Total utilization: ₹9,451.25 lakhs (100% of proceeds)
Significant Operational Details
- The company operates in single business segment within geographical boundaries of India
- Capital work-in-progress includes expenditure towards new factory facility substantially completed as of reporting date, expected to be capitalized subsequently
- The subsidiary included in consolidation: Trezor Technologies Private Limited (wholly owned)
- Statutory Auditors: SSSS & Associates, Chartered Accountants (FRN: 121769W) issued unmodified opinion on financial results
Auditor Appointments Details
Internal Auditor (FY26-27): M/s. Kendhe Badve & Co LLP - Professionally managed CA firm with over 50 years collective partner experience, offices in Pune, Satara, Sangli, and Belgaum with pan-India clientele.
Secretarial Auditor (FY26-27): M/s. Mohit Singhal and Associates - Practicing Company Secretary firm with 10 years experience in secretarial audit services for listed and unlisted companies.
Cost Auditor (FY26-27): M/s. Parkhi Limaye & Co. - Formed in 2007, offering cost audit and accounting services across industries including steel, dyes, engineering, pharma, and cotton textile.