
Clarification29 Jun 2026, 01:29 pm
Fabtech Clarifies Trade Receivables Aging to ₹18.32 Cr
AI Summary
Fabtech Technologies Cleanrooms Ltd has issued a clarification regarding trade receivables aging, correcting a figure mentioned during the 'Niveshak Samvad Roadshow'. The company stated that as of March 31, 2026, trade receivables outstanding for over one year amount to ₹18.32 Crore, not ₹38 Crore as previously referred to. These receivables are attributed to ongoing projects with pending milestones, retention amounts, and active customer follow-ups. The company assures stakeholders that it continuously monitors and manages its receivables in compliance with relevant laws and accounting standards, making necessary provisions where appropriate.
Key Highlights
- Trade receivables aging corrected to ₹18.32 Cr from ₹38 Cr.
- Receivables relate to ongoing projects, retention amounts, and follow-ups.
- Company actively monitors and manages receivables recovery.
- Clarification ensures transparency for shareholders and investors.
Price Impact
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