1. Appointment of CFO of the Company 2. Appointment of Company Secretary and Compliance Officer of the Company
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Fabtech Technologies Cleanrooms announced multiple board-level changes effective August 1, 2025. Mr. Sajjankumar Bawri, a Chartered Accountant with 30+ years of experience in finance, taxation, and project financing, was appointed as Chief Financial Officer. Ms. Jahnavi Mehta, an ICSI member with 7 years of experience in corporate and secretarial compliance, was appointed as Company Secretary and Compliance Officer. The Board also appointed M/s Kiran Doshi & Co. as Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30) and M/s SHBA & Co LLP as Internal Auditor for FY2025-26. Additionally, the company is acquiring a 28% equity stake (1,12,319 shares) in M/s Aart Integrated Projects Private Limited for Rs. 3.99 crores, making it an associate company. The target operates in the same cleanroom and HVAC sector, with FY24 revenue of Rs. 12.58 crores.
The new CFO and Company Secretary strengthen the leadership team, while the acquisition deepens Fabtech's presence in the cleanroom and HVAC space through an associate company. Investors may view the strategic stake positively as it offers synergy potential, though the small size of the target limits immediate financial impact. The transaction is expected to close by September 30, 2025.