Shree Refrigerations Limited
Meru Investments is no longer listed among Shree Refrigerations Limited's major shareholders. Having last reported a 1.71 percent stake, the investor has either completely exited or reduced its holding below the 1 percent public disclosure threshold.
A defence-focused manufacturer of advanced refrigeration and HVAC systems, Shree Refrigerations serves the aerospace and defense sectors with specialized thermal management solutions. Incorporated in 2006, the company designs and produces precision cooling and climate control equipment engineered for critical military and space applications. Its technical expertise in thermal management positions it as a specialized supplier within India's defense industrial base.
Meru Investment Fund PCC is a foreign portfolio investor that is among the more active anchor investors in Indian SME IPOs. It has backed offerings across sectors such as electric equipment, infrastructure, steel, textiles, and chemicals.