Dear Investors and Analysts,

We extend our heartfelt thanks for the overwhelming response and enthusiastic participation in Ice Make Refrigeration Ltd.’s Earnings Conference Call held on 21st May 2025.

Your presence and thoughtful engagement made the interaction with our management team truly meaningful. It is your continued trust and interest that inspire us to uphold transparency and consistently strive for excellence in the refrigeration industry.

FY25 was a year marked by strong revenue growth, particularly driven by robust demand and improved execution in Q4. While rising input costs towards our capex and a timing mismatch in order execution during the first nine months impacted margins, we maintained operational resilience and remain committed to long-term profitability.

Looking ahead, we are optimistic about the opportunities the new financial year presents. With our focus on capacity expansion, product innovation, and sectoral diversification, we are confident of strengthening our growth trajectory further.

For those who couldn’t attend the call or would like to revisit the discussion, we will be sharing the recording and presentation deck shortly.

Thank you once again for your continued support and encouragement.
Stay safe, stay connected.

Warm regards,

Chandrakant P. Patel
Chairman & Managing Director
Ice Make Refrigeration Ltd.