Outcome of Board Meeting held on January 08,2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Fabtech Technologies Cleanrooms approved three key items. First, the company proposes to change its name from 'Fabtech Technologies Cleanrooms Limited' to 'Fabtech Cleanrooms Limited', pending approval from the Ministry of Corporate Affairs. Second, the company will acquire an additional 9.2% equity stake (1,380 shares) in Kelvin Air Conditioning and Ventilation Systems Pvt Ltd for a cash consideration of ₹4.65 crore, raising its total holding to 60.53% and strengthening its grip on the subsidiary. Kelvin reported revenues of ₹43.44 crore in FY25 (up from ₹25.37 crore in FY23) and is in the industrial HVAC business. The acquisition is classified as a related party transaction, conducted at arm's length, and is expected to close by January 31, 2026. Third, the board approved retirement from the partnership in Altair Partition Systems LLP.
The increased stake in Kelvin signals confidence in the subsidiary's growth trajectory and consolidates control over a fast-scaling HVAC business. The proposed name change is largely cosmetic but reflects brand simplification. Shareholders may view the acquisition positively given Kelvin's strong revenue growth, though the related-party nature warrants a closer look at valuation fairness.