Fabtech Technologies Limited has announced significant changes to its board composition and committee structure, with the appointment of a new Independent Director and reconstitution of key board committees effective April 03, 2026.

New Independent Director Appointment

The company's Board of Directors approved the appointment of Ms. Rupal Dhiren Haria (DIN: 10624643) as an Additional Non-Executive Independent Director through a Circular Resolution dated March 27, 2026. The appointment is effective from April 03, 2026, for a term of five consecutive years, subject to shareholder approval.

Ms. Haria brings extensive professional expertise to the board as a fellow member of The Institute of Chartered Accountants of India since 1993. She currently serves as a Partner at Atul C. Beda & Company, Chartered Accountants, with over two decades of experience specializing in taxation, corporate taxation, auditing, TDS, and indirect taxes. Her professional contributions include training and speaking at various Chartered Accountant forums nationwide, and training professionals, corporates, and Income Tax Officers under the T3 training program.

Director Tenure Completion

Simultaneously, the Board noted the completion of Ms. Aparna Narendra Sharma's (DIN: 07132341) tenure as Non-Executive Independent Director, scheduled to end with business hours on April 02, 2026. The Board and Management acknowledged her valuable contributions and guidance during her association with the company.

Board Committee Reconstitution

Following these changes, the Board approved the reconstitution of three key committees effective April 03, 2026:

Audit Committee:

Nomination and Remuneration Committee:

Stakeholder Relationship Committee:

Regulatory Compliance

The company confirmed that the Board composition remains compliant with requirements under the Companies Act, 2013 and SEBI Listing Regulations. All disclosures have been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has verified that Ms. Haria is not debarred from holding directorship by any SEBI order or other regulatory authority, and she maintains no relationships with existing Board members.

The announcement was signed by Hemant Mohan Anavkar, Executive Director (DIN: 00150776), and communicated to both NSE and BSE on March 27, 2026.

Fabtech Technologies Limited's board of directors has approved the carry forward of unutilized IPO proceeds from the current financial year to the next, ensuring continued compliance with regulatory requirements and prospectus commitments.

Board Meeting Outcomes

The board meeting held on March 24, 2026, concluded at 12:45 p.m. with key decisions regarding the company's IPO fund utilization strategy. The primary resolution involved approving the carry forward of IPO proceeds allocated for utilization in Financial Year 2025-26 to the subsequent Financial Year 2026-27.

IPO Proceeds Utilization Framework

The unutilized funds are intended to be applied for the objects as stated in the prospectus and in compliance with applicable SEBI regulations. This decision ensures that the company maintains flexibility in fund deployment while adhering to the original investment plan outlined during the public offering.

The board has confirmed that there has been no deviation in the utilization of IPO proceeds from the objects stated in the prospectus dated October 02, 2025. This confirmation aligns with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent fund management.

Regulatory Compliance

The intimation was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring proper disclosure to stock exchanges. The communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, maintaining transparency with all stakeholders.

Corporate Governance

The board resolution was signed by Hemant Mohan Anavkar, Executive Director with DIN: 00150776, on March 24, 2026. The digital signature timestamp shows 12:59:54 +05'30', confirming the authenticity and timing of the regulatory filing.

This strategic decision reflects the company's prudent approach to capital allocation, ensuring that IPO proceeds are utilized effectively while maintaining full compliance with regulatory frameworks and original prospectus commitments.