Fabtech Cleanrooms Approves Preferential Issue of Convertible Warrants to Promoter Group
Fabtech Cleanrooms Limited, formerly known as Fabtech Technologies Cleanrooms Limited, announced a significant corporate action following its Board meeting held on July 20, 2026. The board approved the preferential issue of convertible warrants to the company's Promoters and Members of the Promoter Group.The proposed issuance involves up to 380,711 convertible warrants. Each warrant is set to convert into one fully paid-up equity share of the company, which has a face value of INR 10/- each. The total aggregate amount for this preferential issue stands at INR 15,00,00,134/- (Indian Rupees Fifteen Crore One Hundred and Thirty Four Only).
The warrants were issued at an issue price of INR 394/- per warrant, inclusive of the subscription and exercise components. The allotment is earmarked for several key individuals within the promoter group, as detailed below:
| Proposed Allottee | Maximum Warrants | Subscription Price (INR) | Exercise Price (INR) | Total Amount (INR) |
|---|---|---|---|---|
| Amer Aasif Khan | 229,916 | 2,26,46,726.00 | 6,79,40,178.00 | 9,05,86,904 |
| Hemant Mohan Anavkar | 47,239 | 46,53,041.50 | 1,39,59,124.50 | 1,86,12,166.00 |
| Manisha Hemant Anavkar | 47,239 | 46,53,041.50 | 1,39,59,124.50 | 1,86,12,166.00 |
| Aarif Ahsan Khan | 56,317 | 55,47,224.50 | 1,66,41,673.50 | 2,21,88,898.00 |
| Total | 3,80,711 | 3,75,00,033.50 | 1,12,50,0100.50 | 15,00,00,134.00 |
The structure dictates that the Proposed Allottees will pay INR 98.50/- per warrant upon allotment (the Warrant Subscription Price). The remaining balance of INR 295.50/- per warrant (the Warrant Exercise Price) must be paid at the time the warrants are exercised.
The company specified that the warrants must be exercised within a period of 18 months from the date of allotment. Failure to exercise the warrants within this stipulated timeframe will result in the forfeiture of the Warrant Subscription Price, as per applicable law.
Management and Governance Updates
In addition to the preferential warrant issuance, the board meeting also addressed key managerial appointments and governance matters.Ms. Jai Vaidya, a qualified Company Secretary with Membership No. ACS 42246 and an Associate Member of the Institute of Company Secretaries of India (ICSI), was appointed as the Company Secretary and Compliance Officer (Key Managerial Personnel). This appointment is effective from July 20, 2026.
The company also announced that it will convene an Extra Ordinary General Meeting (EGM) on August 17, 2026, through video conferencing or other audio visual means. The EGM notice and related documents will be shared with eligible members in due course.
Stock Price Movement
Shares of Fabtech Technologies Cleanrooms Ltd. finished the trading day on Monday at ₹381.00, posting a solid 3.25% gain. The stock demonstrated strong intraday movement, dipping to a low of ₹360.00 before bouncing back and climbing near the day's high of ₹382.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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