Fabtech Technologies to carry forward unutilized IPO proceeds to FY27
Fabtech Technologies' Board approved carrying forward unutilized IPO proceeds to FY27. The funds will be used for stated objects, with no deviation from the prospectus dated October 02, 2025. This ensures compliance with SEBI regulations regarding IPO fund utilization.
The decision to carry forward unutilized IPO proceeds is a procedural matter and does not immediately impact the company's operational or financial performance. It confirms adherence to the original IPO plan.
The announcement is a routine update regarding the utilization of IPO proceeds and does not contain any significant positive or negative financial performance indicators or strategic shifts.
Fabtech Technologies Limited announced today, March 24, 2026, that its Board of Directors has approved the carry forward of unutilized IPO proceeds from the current Financial Year 2025-26 to the next Financial Year, FY 2026-27.
These unutilized funds are intended to be applied towards the objects stated in the company's Prospectus. The company confirmed that there has been no deviation in the utilization of IPO proceeds from the objects stated in the prospectus dated October 02, 2025, in compliance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board meeting concluded at 12:45 p.m.
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