Fabtech Technologies Cleanrooms Limited has completed its strategic acquisition of additional shares in Kelvin Air Conditioning and Ventilation Systems Private Limited, marking a significant expansion of its stake in the HVAC specialist. The transaction, completed on January 19, 2025, represents a cash-based acquisition valued at ₹4.65 crores.

Acquisition Details

The company acquired 1,380 equity shares representing a 9.20% stake in Kelvin Air Conditioning and Ventilation Systems Private Limited. Following this acquisition, Fabtech's aggregate shareholding in Kelvin has increased to 60.53% of the paid-up share capital.

Target Company Profile

Kelvin Air Conditioning and Ventilation Systems Private Limited, incorporated on October 5, 2007, operates in the business of purchasing, selling, manufacturing, importing, exporting, trading, installing, assembling and servicing of air conditioners, air coolers and cooling equipment. The company also specializes in industrial HVAC systems.

Financial Performance Track Record

Kelvin has demonstrated consistent growth over the past three years, with its business presence concentrated in India. The company's revenue trajectory shows steady expansion across multiple fiscal years.

Strategic Rationale

The acquisition is positioned to strengthen the strategic partnership between Fabtech and Kelvin Air Conditioning, with the primary objective of accelerating growth and expansion into high-potential markets. The transaction is classified as a related party transaction, conducted at arm's length, as Kelvin is already a subsidiary of Fabtech Technologies Cleanrooms Limited.

Regulatory Compliance

The acquisition was completed without requiring any governmental or regulatory approvals. Fabtech has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive details of the transaction to BSE Limited.

Fabtech Technologies Cleanrooms Limited announced major corporate decisions following its board meeting held on January 08, 2026. The meeting, which commenced at 4:30 PM at the company's registered office in Mumbai, concluded significant strategic initiatives aimed at business expansion and operational restructuring.

Corporate Name Change Initiative

The board has approved a proposal to change the company's name from "Fabtech Technologies Cleanrooms Limited" to "Fabtech Cleanrooms Limited." This name change is subject to approval from the Central Registration Center, Ministry of Corporate Affairs, along with other necessary regulatory approvals. The simplified name reflects the company's focus on its core cleanroom business operations.

Strategic Acquisition Details

The most significant decision involved the acquisition of an additional 9.20% equity stake in Kelvin Air Conditioning and Ventilation Systems Private Limited. The acquisition parameters demonstrate the company's commitment to strengthening its market position:

Target Company Profile

Kelvin Air Conditioning and Ventilation Systems Private Limited, incorporated on October 05, 2007, operates in the HVAC sector with comprehensive business activities including manufacturing, importing, exporting, trading, installing, assembling, and servicing of air conditioning and cooling equipment. The company's financial performance shows consistent growth:

As of September 30, 2025, Kelvin reported total revenue of ₹2,607.59 lakhs and profit after tax of ₹163.08 lakhs. The company maintains an authorized capital of ₹2.00 lakhs divided into 20,000 equity shares of ₹10 each, with a paid-up share capital of ₹1.50 lakhs comprising 15,000 equity shares.

Strategic Rationale and Partnership Exit

The acquisition aims to strengthen the strategic partnership with Kelvin Air Conditioning and Ventilation Systems Private Limited to accelerate growth and expansion into high-potential markets. This transaction is classified as a related party transaction conducted at arm's length, as Kelvin is already a subsidiary of Fabtech Technologies Cleanrooms Limited.

Simultaneously, the board approved the company's retirement as a partner from M/s. Altair Partition Systems LLP, indicating a strategic realignment of business partnerships and focus areas.

Regulatory Compliance and Timeline

The acquisition requires no additional governmental or regulatory approvals and is expected to be completed by January 31, 2026. The transaction enhances Fabtech's control over Kelvin's operations, positioning the combined entity for enhanced market penetration in the HVAC and cleanroom sectors. All decisions were formally documented and communicated to BSE Limited under Regulation 30 of SEBI listing requirements.