Fabtech Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on March 24, 2026.
FABTECH · price
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Fabtech Technologies informed the exchanges about the outcome of its board meeting held on March 24, 2026. The Board approved carrying forward the utilization of unspent IPO proceeds from the current financial year (FY 2025-26) to the next financial year (FY 2026-27). The company confirmed that the unutilized funds will still be applied for the same purposes as originally stated in its IPO prospectus dated October 02, 2025. It also clarified that there has been no deviation in the use of IPO proceeds from the stated objects. The board meeting concluded at 12:45 p.m.
This indicates that Fabtech has not been able to deploy all its IPO funds within the originally planned timeframe, which investors may view as a mild negative. However, the confirmation that the funds will still be used for the stated purposes limits concerns about any misuse or change in business plans.