FABTECH TECHNOLOGIES : THERMAX COMPLETES ACQUISITION OF REMAINING STAKE IN TSA PROCESS EQUIPMENTS

• Company executed a Settlement Agreement on September 29, 2026, with Thermax Limited to complete the second and final tranche of the sale of its shareholding in TSA Process Equipments Private Limited. • The first tranche, completed in April 2024, involved Thermax acquiring 51% of TSA's share capital. • The second tranche involves the sale of 2,23,440 equity shares, with revised consideration terms agreed upon. • The settlement agreement does not alter the underlying objective of selling the remaining shareholding. • Details of the settlement agreement are enclosed as Annexure A. • Information also available on the company's website: www.fabtechnologies.com

Fabtech Technologies Limited

Open attachment

← Back to feed