0000002026-09-100000002026-09-102026-09-10iso4217:INRxbrli:pure000000ICE MAKE REFRIGERATION LIMITEDICEMAKENOTLISTEDINE520Y01019NewAcquisition (including agreement to acquire)true2026-09-1012:10:002026-09-10ICE MAKE REFRIGERATION LIMITEDOthersJoint Venture Company (Associate Company)Ice Make Horeca Private Limited00100000true2026-07-242026-07-24falsetrueOne of the Promoter Director of the Company is also Director in the Joint Venture CompanytrueThe JV Company shall be engaged in, inter alia, (i) for the Interim Period (as defined in the JV Agreement), manufacturing, assembling, producing and integrating components for, and supplying and selling, the commercial upright and table-type refrigerators and the business of import and sale of specified products; and (ii) after the Interim Period, the manufacture, assembly, distribution, marketing, sale, supply, or otherwise dealing in, the following: (a) commercial upright type refrigerators; (b) commercial table type refrigerators; (c) any derivative, successor, modification, upgrade or enhancement of the products referred to in sub-clauses (a) and (b) above, which are developed, manufactured, assembled, commercialized or otherwise commercially exploited, whether directly or indirectly, by or for the JV Company at any time during the term of the JV Agreement; (d) ice makers that are proposed, intended, evaluated, planned, or contemplated to be developed, manufactured, assembled, commercialized or supplied by the JV Company at any time during the term of the JV Agreement; (e) modular blast chillers that are designed or configured for mass production on factory production lines, and that incorporate microcomputerbased control systems with programmable operational functions, which are developed, manufactured, assembled, commercialized, or otherwise commercially exploited, whether directly or indirectly, by the JV Company at any time during the term of the JV Agreement on the terms and conditions set out therein; and (f) after-sales, maintenance, servicing, repair and support services, in each case forming part of, relating to, or ancillary or incidental to the foregoing products forming part of the Restricted Business (as defined in the JV Agreement)The investment forms part of the Company's growth strategy and is intended to facilitate expansion of its commercial refrigeration business and related product offerings through the JV Company.NofalseThe completion of the transaction is subject to the satisfaction of conditions precedent set out in the JV Agreement. The outer date for completion of the transaction is 5 months from the execution of the JV Agreement or such other date as is mutually agreed in writing between the Company and Galilei.Cash352700000The Company’s investment in Ice Make Horeca Private Limited would be INR 352,700,000 (Indian Rupees Three Hundred Fifty Two Million Seven Hundred Thousand Only), being INR 10 per Equity Share for 3,52,70,000 Equity Shares of the JV Company.35270000010.40.4a) Products/line of business acquired: Please refer to point 3 above. b) Date of Incorporation – August 5, 2026 c) Last 3 years turnover – Not applicable, since the JV Company was incorporated on August 5, 2026. d) Country of operations – India e) PAT- Not applicable / Nil, the JV Company having been recently incorporated and not yet commenced material commercial operations. f) Net Worth – Nil g) Significant information (in brief) – N.A. 2026-08-05INDIAAs disclosed to stock exchange on 24th July, 2026 regarding Joint Venture Agreement executed between Ice Make Refrigeration Limited (“Company”), and Galilei Holdings Co. Ltd. (formerly known as Galilei Co. Ltd.) (“Galilei”), the JV Company was initially incorporated as a wholly owned subsidiary of the Company and subsequent to incorporation, the JV Company has undertaken a fund raise in accordance with the terms of the JV Agreement, pursuant to which the Company holds 40% of the shareholding of the JV Company .