Fabtech Technologies Finalizes TSA Process Equipments Sale

Fabtech Technologies Limited has executed a Settlement Agreement on September 29, 2026, to finalize the sale of its remaining shareholding in TSA Process Equipments Private Limited to Thermax Limited. This agreement amends certain terms related to the consideration for the second and final tranche of the transaction. The first tranche, where Thermax acquired 51% of TSA's share capital, was completed in April 2024. The second tranche involves the sale of 2,23,440 equity shares. The settlement agreement aims to facilitate the completion of this final tranche under revised terms, without altering the core objective of divesting the remaining stake. The transaction is expected to be completed by October 05, 2026, with a consideration of ₹13,98,60,000/-. TSA Process Equipments contributed NIL to Fabtech's turnover, revenue, income, and net worth in the last financial year. Thermax Limited is not a related party to Fabtech.