On April 3, 2025, Fabtech Technologies Cleanrooms Limited (formerly Fabtech Technologies Cleanrooms Private Limited) entered into a Share Purchase Agreement with Kelvin Air Conditioning and Ventilation Systems Private Limited, marking a significant milestone in its expansion strategy. The company has acquired 18% of the paid-up share capital of Kelvin Air Conditioning for a total consideration of INR 5,50,00,000. This acquisition increases Fabtech's total stake in Kelvin Air Conditioning and Ventilation Systems to 51.33%, thus making it a subsidiary of Fabtech Technologies Cleanrooms Limited.

This strategic acquisition is a key part of Fabtech Technologies’ growth plans, as it aims to strengthen its market presence and broaden its product portfolio in the rapidly growing air conditioning and ventilation sector. The acquisition aligns with Fabtech’s vision of expanding its reach into high-potential markets and establishing itself as a key player in the industry.

Kelvin Air Conditioning and Ventilation Systems, incorporated in 2007, specializes in the manufacturing, selling, and servicing of air conditioning systems and cooling equipment. As of March 31, 2024, the company reported a revenue of INR 30.04 crores and a Profit After Tax (PAT) of INR 91.52 lakhs.

The acquisition was completed through a cash consideration for 2,700 equity shares in Kelvin Air Conditioning, representing an 18% stake in the company. The acquisition does not require any regulatory approvals and is completed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details:

• Target Entity: Kelvin Air Conditioning and Ventilation Systems Pvt. Ltd.

• Shareholding Acquired: 18% stake in the company.

• Purchase Consideration: INR 5.5 Crores for the 18% stake.

• Acquisition Impact: With this acquisition, Kelvin Air Conditioning will now be a subsidiary of Fabtech Technologies Cleanrooms Limited, contributing to their growth strategy and expanding their product offerings in the air conditioning and ventilation business.

Key Takeaways:

• Fabtech Technologies has acquired an 18% stake in Kelvin Air Conditioning.

• The deal enhances Fabtech’s market presence in air conditioning and ventilation systems.

• Kelvin Air Conditioning becomes a subsidiary of Fabtech Technologies, marking a new phase in the company’s expansion.

This acquisition is a testament to Fabtech Technologies Cleanrooms’ strategic initiatives aimed at enhancing its business portfolio and accelerating growth in high-potential sectors. The company remains committed to furthering its reach and capabilities, particularly in the air conditioning and ventilation industry, and this acquisition serves as a solid foundation for future expansion.

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