Clarification letter for administrative error in the Annexure B in the Outcome of the Board Meeting held on August 01, 2025.
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 issued a corrected disclosure for its planned acquisition of a 28% equity stake in Aart Integrated Projects Private Limited, which was originally announced on August 01, 2025. The earlier filing had incorrect share count and premium details. As per the revised figures, Fabtech will acquire 97,222 equity shares (face value ₹10 each) at a premium of ₹401 per share, for a total consideration of ₹3,99,58,242 (approximately ₹4 crore). Of this, ₹2 crore will be adjusted against an existing loan given to Aart in October 2024, with the balance ~₹1.99 crore paid in cash. The acquisition is expected to be completed by September 30, 2025, after which Aart Integrated Projects will become an associate company. Aart, engaged in cleanroom and HVAC solutions, reported FY24 revenue of ~₹12.58 crore and PAT of ~₹10.05 lakh.
The substance of the deal remains unchanged — a 28% stake in Aart for ~₹4 crore — so the financial impact on shareholders is minimal. Investors should note the company is using ₹2 crore of an earlier loan as part of the consideration, which means part of the investment is a loan conversion rather than fresh cash outflow.