Investment20 Jul 2026, 07:10 pm
Fabtech Cleanrooms Approves ₹150 Cr Preferential Issue of Warrants
AI Summary
Fabtech Cleanrooms Limited (formerly Fabtech Technologies Cleanrooms Limited) announced that its board of directors has approved a preferential issue of up to 3,80,711 convertible warrants to promoters and promoter group members. The total issue size is up to ₹150 crore, with an issue price of ₹394 per warrant. The warrants are convertible into fully paid-up equity shares within 18 months. The company also announced an Extra Ordinary General Meeting (EGM) on August 17, 2026, to seek shareholder approval for this warrants issue. Additionally, Ms. Jai Vaidya has been appointed as the Company Secretary and Compliance Officer.
Key Highlights
- Board approves preferential issue of convertible warrants worth up to ₹150 crore.
- Warrants to be issued to promoters and promoter group members.
- Shareholder approval to be sought at EGM on August 17, 2026.
- Appointment of Ms. Jai Vaidya as Company Secretary and Compliance Officer.
- Issue price per warrant is ₹394, convertible within 18 months.
Price Impact
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