Fabtech Board Approves Subsidiary Investments & Borrowing Limit Increase

Fabtech Technologies Ltd's Board of Directors convened on June 25, 2026, approving key strategic decisions. The company will invest an additional AED 1,00,000 in its wholly-owned subsidiary, Fabtech Technologies LLC, via Overseas Direct Investment. This move aims to strengthen market position and expand business operations. Additionally, an investment in the equity shares of another wholly-owned subsidiary, FT Institutions Private Limited, was approved. The Board also noted the completion of Mr. Shyam Nagorao Khante's term as Non-Executive, Independent Director and approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and CSR Committee effective June 26, 2026. Furthermore, the company's borrowing limits were increased, remaining within statutory limits, thus not requiring shareholder approval. The meeting lasted from 12:00 p.m. to 12:15 p.m.