Fabtech Technologies Announces Key Appointments and Strategic Acquisition
Fabtech Technologies Cleanrooms Limited has made key appointments and a strategic acquisition. Mr. Sajjankumar Bawri is appointed as CFO and Ms. Jahnavi Mehta as Company Secretary and Compliance Officer, effective August 1, 2025. The company has also appointed new Secretarial and Internal Auditors. Fabtech is acquiring a 28% stake in Aart Integrated Projects Private Limited for ₹3.99 crore, strengthening its presence in HVAC and cleanroom solutions sectors. The acquisition is expected to be completed by September 30, 2025.
Fabtech Technologies Cleanrooms Limited (FABCLEAN) secured consolidated orders worth ₹11.5 crore in June, with the majority (₹10.86 crore) coming from the Pharma & Health sector. The company's total consolidated order book as of June 30 stands at ₹85.08 crore, with ₹57.04 crore from Pharma & Health. Additionally, orders valued at ₹175 crore are under negotiation. FABCLEAN reported a 32% year-over-year increase in Q1 revenue, reaching ₹43.20 crore compared to ₹32.75 crore in the previous year.
Fabtech Technologies Cleanrooms Limited's shares have skyrocketed over 300% from their IPO price of ₹85.00 within three months. The company has increased its stake in Kelvin Air Conditioning & Ventilation Systems Pvt. Ltd. from 33% to 51%, making it a subsidiary. This move strengthens Fabtech's position in the HVAC domain for cleanroom environments. Additionally, the company's Company Secretary & Compliance Officer, Ms. Kinjal Nitinkumar Shah, has resigned effective April 3, 2025.