The Company is extending Corporate Guarantee for Kelvin Air Conditioning and Ventilation Systems Private Limited to avail the working capital limit from ICICI Bank for an amount upto Rs. 9,50,00,000.
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Fabtech Technologies Cleanrooms reported strong FY25 results with standalone revenue rising to Rs. 139.18 crore from Rs. 82.55 crore in FY24, and profit after tax more than doubling to Rs. 12.04 crore from Rs. 5.26 crore. The auditor issued an unmodified opinion on both standalone and consolidated financials. The company listed on BSE SME platform in January 2025 and recently announced an interim dividend of Rs. 2 per share. Separately, the board approved extending a corporate guarantee of up to Rs. 9.5 crore for its subsidiary Kelvin Air Conditioning and Ventilation Systems to help it secure a working capital limit from ICICI Bank.
Strong revenue and profit growth is positive for shareholders, though the corporate guarantee exposes the parent to contingent liability if the subsidiary defaults on the Rs. 9.5 crore ICICI working capital facility.