Acquisitions8 Jan 2026, 07:22 pm
Fabtech Technologies Cleanrooms Ltd. Changes Name, Acquires 9.2% Stake in Kelvin Air Conditioning & Ventilation Systems Pvt. Ltd.
AI Summary
In a recent Board Meeting, Fabtech Technologies Cleanrooms Ltd. approved a proposal to change its name to 'Fabtech Cleanrooms Limited' or any other name approved by the Central Registration Center, Ministry of Corporate Affairs. The company also decided to acquire an additional 9.2% equity stake in Kelvin Air Conditioning & Ventilation Systems Pvt. Ltd. for a consideration of INR 4,65,06,000. This acquisition increases Fabtech's total shareholding in Kelvin to 60.53%.
Key Highlights
- Change of company name to 'Fabtech Cleanrooms Limited' or an approved name
- Acquisition of 9.2% equity stake in Kelvin Air Conditioning & Ventilation Systems Pvt. Ltd.
- Increase in total shareholding in Kelvin to 60.53%
- Total consideration for the acquisition is INR 4,65,06,000
- Kelvin Air Conditioning & Ventilation Systems Pvt. Ltd. is engaged in the business of purchasing, selling, manufacturing, importing, exporting, trading, installing, assembling and servicing of all types of air conditioners, air coolers and all types of cooling equipment's and all type industrial HVAC