Acquisition of 9.2% stake in Kelvin Air Conditioning and Ventilation Systems Private Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fabtech Technologies Cleanrooms has approved the acquisition of an additional 9.2% equity stake (1,380 shares) in Kelvin Air Conditioning and Ventilation Systems for a cash consideration of ₹4.65 crore. Post-acquisition, Fabtech's total holding in Kelvin rises to 60.53%, strengthening its controlling position in this existing subsidiary. Kelvin, incorporated in 2007, operates in the industrial HVAC and air conditioning space with FY25 revenue of ₹43.4 crore (up from ₹25.4 crore in FY23) and a profit after tax of ₹1.6 crore as of September 2025. The deal is a related party transaction conducted at arm's length and is expected to close by January 31, 2026. Separately, the board approved a name change to 'Fabtech Cleanrooms Limited' and the retirement from Altair Partition Systems LLP.
The deal consolidates Fabtech's control over a growing HVAC subsidiary and signals deeper vertical integration in cleanroom-related air conditioning solutions, which could support future revenue and earnings contribution from Kelvin. For shareholders, this is a strategic expansion rather than a new large spend, though the impact on consolidated financials will depend on full-year earnings of Kelvin.