Acquisition of 28% stake of M/s Aart Integrated Projects Private Limited
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Fabtech Technologies Cleanrooms Ltd has approved the acquisition of a 28% equity stake (1,12,319 shares) in Aart Integrated Projects Private Limited for a total consideration of approximately Rs. 3.99 crore. Of this, Rs. 2 crore will be adjusted against an existing loan extended to the target in October 2024, and the balance of about Rs. 1.99 crore will be paid in cash. Aart Integrated Projects, incorporated in 2005, operates in the same cleanroom, HVAC, and turnkey facility solutions space as Fabtech, with FY24 revenue of Rs. 12.58 crore. Post-acquisition, Aart will become an associate company of Fabtech, with the deal expected to close by September 30, 2025. The filing is not classified as a related party transaction, and no promoter group interest is involved. Additionally, the board appointed a new CFO (Mr. Sajjankumar Bawri), a new Company Secretary (Ms. Jahnavi Mehta), and new auditors for secretarial and internal audit roles.
The acquisition strengthens Fabtech's presence in the cleanroom and HVAC sector with a strategic associate stake, though the deal size (about Rs. 4 crore) is relatively small for the company. Shareholders should note the incremental investment alongside a new CFO appointment, which could signal upcoming growth or capital allocation plans.