Update on Proposed Acquisition of Advantek Air Systems Private Limited under Regulation 30 of SEBI (LODR) Regulations, 2015
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Fabtech Technologies Cleanrooms Ltd has informed the stock exchange that the timeline for its proposed acquisition of Advantek Air Systems Private Limited has been extended. The deal was first announced on February 12, 2026, and the delay is due to pending execution-related formalities and documentation. The company now expects to complete the acquisition on or before March 31, 2026. The acquisition is being pursued under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30). Further updates will be shared with the exchange as the transaction progresses.
The acquisition is still on track but delayed, which may cause short-term uncertainty for shareholders waiting for closure. Completion by March 31, 2026 could have a positive impact on the stock if the deal is successfully closed, as it would expand the company's cleanroom and air systems capabilities.