StockWatch
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Industrial Products
Clarification1 Jul 2026, 11:49 am

Fabtech Cleanrooms Corrects Accounting Standard Reference

AI Summary

Fabtech Technologies Cleanrooms Ltd has issued a corrigendum to its clarification letter dated June 29, 2026. The company rectifies an inadvertent clerical error where it incorrectly stated that its financial statements were prepared in accordance with Indian Accounting Standards (Ind AS). The clarification confirms that the financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (Indian GAAP). The company assures that it continuously monitors receivables and makes necessary provisions as per applicable laws and Indian GAAP. This correction aims to ensure accurate information for shareholders and investors.

Key Highlights

  • Correction issued regarding accounting standards used for financial statements.
  • Financial statements are prepared under Indian GAAP, not Ind AS.
  • Company confirms continuous monitoring of receivables and provisioning.
  • Ensures accurate information for shareholders and investors.