BSECompany Update6d ago · 28 Jul 2026, 03:29 pm
Please find attached Monitoring Agency Report for quarter ended June 30, 2026
Fabtech Technologies Ltd · 544558
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Fabtech Technologies Ltd has received a Monitoring Agency Report from CRISIL Ratings Limited for the quarter ended June 30, 2026, regarding the utilization of proceeds of its Initial Public Offer (IPO). The report confirms that the utilization of proceeds is in line with the objects of the issue.
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Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10
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Fabtech Technologies Ltd - 544558 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Date: July 28, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Listing Compliance Department
Bandra Kurla Complex, Floor 25, P J Towers,
Bandra (East), Mumbai – 400051 Dalal Street, Mumbai – 400001
Maharashtra, India. Maharashtra, India.
Symbol: FABTECH Scrip Code: 544558
Dear Sir/ Madam,
Subject: Monitoring Agency Report for the quarter ended on June 30, 2026.
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations,
2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018, as amended, please find enclosed herewith the Monitoring Agency Report issued by CRISIL Ratings
Limited, Monitoring Agency, for the quarter ended on June 30, 2026 in respect of utilization of proceeds
of the Initial Public Offer (IPO) of the Company.
The same is also available on the website of the Company at www.fabtechnologies.com
We request you to kindly take the same on record.
Thank you,
Yours faithfully,
For Fabtech Technologies Limited
Hemant Mohan Anavkar
Executive Director
DIN: 00150776
Encl: As mentioned above
Monitoring Agency Report
Fabtech Technologies Limited
for the quarter ended
June 30, 2026
CRL/MAR/GLVEPL/2026-27/1929
July 28, 2026
Fabtech Technologies Limited
715, Janki Centre,
Off. Veera Desai Road, Andheri West,
Mumbai - 400 053, Maharashtra, India
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”)
of Fabtech Technologies Limited (“the Company”)
Pursuant to Regulation 41 (2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations”) and Monitoring Agency Agreement dated September 11, 2025, enclosed herewith the
Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI
ICDR Regulations towards utilization of proceeds of IPO for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Report of the Monitoring Agency (MA)
Name of the issuer: Fabtech Technologies Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: Not applicable
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the
issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and
reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/
statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no
responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do
not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this
report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the
agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the
Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive
any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable.
There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the
Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer
and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA
takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Fabtech Technologies Limited
Names of the promoter: Mr. Aarif Ahsan Khan
Mr. Hemant Mohan Anavkar
Mr. Aasif Ahsan Khan
Mrs. Manisha Hemant Anavkar
Industry/sector to which it belongs: Pharmaceutical Engineering Company
2) Issue Details
Issue Period: September 29, 2025, to October 01, 2025
Type of issue (public/rights): Initial Public Offer (IPO)
Type of specified securities: Equity Shares
IPO Grading, if any: NA
Issue size: Rs 23,029.65 lakhs*
*Note:
Particulars Amount (Rs in lakhs)
Gross proceeds 23,029.65 #
Less: Issue Expenses 2,277.63
Net Proceeds 20,752.02
#Crisil Ratings shall be monitoring the gross proceeds.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information/
Comments
certifications
Comments of the of the
Particulars Reply considered by
Monitoring Agency Board of
Monitoring Agency for
Directors
preparation of report
Management
undertaking, Statutory
Auditor certificate^, Proceeds were utilized
Whether all utilization is as per
Prospectus dated towards working capital No
the disclosures in the Offer Yes
02/10/2025 requirements and general comments
Document?
(“hereinafter referred as corporate purposes
“Offer document”),
Bank Statements
Whether shareholder approval
has been obtained in case of
material deviations from NA No comments
comments
expenditures disclosed in the
Offer Document?
Whether the means of finance for
the disclosed objects of the issue No No comments
comments
has changed?
Is there any major deviation
observed over the earlier No No comments
comments
monitoring agency reports?
Whether all Government/
statutory approvals related to NA No comments
Management comments
the object(s) have been obtained?
undertaking, Statutory
Whether all arrangements
Auditor certificate^
pertaining to technical No
NA No comments
assistance/collaboration are in comments
operation?
Are there any favorable events
improving the viability of these No No comments
comments
object(s)?
Are there any unfavorable events
affecting the viability of the No No comments
comments
object(s)?
Is there any other relevant
information that may materially No
No No comments
affect the decision making of the comments
investors?
NA represents Not Applicable
^Certificate dated July 20, 2026, issued by M/s Ajmera and Ajmera Chartered Accountants (Firm Registration Number:
018796C), Statutory auditors of the Company.
4) Details of object(s) to be monitored:
i. Cost of the object(s):
Original
Source of Comments of the Board of Directors
cost
information/
(as per the Revise Comment
Sr. certification Particulars
Offer d Cost of the
No Item considered Reason of Proposed of firm
Documen (Rs in Monitoring
. Head by MA for Cost financing arrangeme
t) lakhs) Agency
preparation revision option nts
(Rs in
of report made
lakhs)
Funding working
No No No
1 capital requirements 12,700.00 NA No revision
comments comments comments
of the Company
Pursuing inorganic
No No No
2 growth initiatives Management 3,000.00 NA No revision
comments comments comments
through acquisitions undertaking,
Statutory
Auditor
certificate^,
General Corporate Offer No No No
3 5,052.02 NA No revision
Purposes# document comments comments comments
- Sub-total 20,752.02 - - - - -
No No No
4 Issue expenses 2,277.63 NA No revision
comments comments comments
- Total - 23,029.65 - - - - -
#The amount utilised for general corporate purposes does not exceed 25% of the Gross Proceed
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