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Stock Report
Fabtech Technologies Cleanrooms Ltd invests Rs. 5.50 crore in Kelvin Air Conditioning and Ventilation Systems Pvt Ltd
Posted On : 2025-04-07 08:36:56( TIMEZONE : IST )
Fabtech Technologies Cleanrooms Limited, (Formerly known as Fabtech Technologies Cleanrooms Private Limited) has entered into Share Purchase Agreement on 03rd April, 2025 and invested a total amount of Rs. 5,50,00,000/- constituting 18% in the paid-up share capital of Kelvin Air Conditioning and Ventilation Systems Private Limited. The total stake of the Company sums upto 51.33% in Kelvin Air Conditioning and Ventilation Systems Private Limited. This move aligns with our vision for accelerated growth and expansion into highpotential markets.
Further, pursuant to the above acquisition of shares, Kelvin Air Conditioning and Ventilation Systems Private Limited will become a Subsidiary of the Fabtech Technologies Cleanrooms Limited.
The company have increased its stake in Kelvin hvac from 33.33% to 51%, strengthening our strategic partnership with Mr. Ravi Shetty and his esteemed team.
With this acquisition, we are now positioned to enhance our offerings, providing turnkey cleanroom solutions, micro-HVAC, precision air-conditioning, and modular below-the-ceiling solutions for pharma, biotech, and food industries. Additionally, we are expanding into data centers, semiconductors, electronics, and other cleanroom-reliant sectors.
We are proud to have secured significant data center projects with renowned companies and institutions, along with key reference projects in semiconductor and pharmaceutical sectors. This milestone reflects our commitment to delivering value to our shareholders and partners within the promised timeframe.
Shares of Fabtech Technologies Cleanrooms Limited was last trading in BSE at Rs. 346.40 as compared to the previous close of Rs. 350.05. The total number of shares traded during the day was 3200 in over 2 trades.
The stock hit an intraday high of Rs. 346.40 and intraday low of 345.00. The net turnover during the day was Rs. 1106240.00.
