Intimation on the update on the acquisition of shares of M/s. Kelvin Air Conditioning and Ventilation Systems Private Limited
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Fabtech Technologies Cleanrooms Ltd has completed the acquisition of 1,380 additional equity shares (9.20% stake) in Kelvin Air Conditioning and Ventilation Systems Pvt Ltd for a total cash consideration of ₹4.65 crore. With this, Fabtech's total shareholding in Kelvin has increased to 60.53%, reinforcing its position as the majority owner and parent. Kelvin operates in the HVAC and air conditioning industry, with revenues growing from ₹25.37 crore in FY23 to ₹43.44 crore in FY25, and a half-yearly PAT of ₹1.63 crore as of September 2025. The transaction is classified as a related party deal (since Kelvin is already a subsidiary) and was conducted at arm's length.
This is a bolt-on acquisition that strengthens Fabtech's control over its profitable subsidiary and supports its expansion into high-potential HVAC markets. For shareholders, the move could drive consolidated revenue and earnings growth, though the ₹4.65 crore cash outflow and related-party nature of the deal may warrant close monitoring of valuation and governance.