Announced Mon, 20 Jul · 19:04 IST
Board approves Rs 15 crore promoter warrants, new CS appointed
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
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₹381.00
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AI summary
Fabtech Cleanrooms board approved issuing up to 3,80,711 convertible warrants to promoters and promoter group at Rs 394 each, aggregating about Rs 15 crore. Allottees: Amer Aasif Khan (2.30 lakh warrants), Aarif Ahsan Khan (56,317), Hemant and Manisha Anavkar (47,239 each). 25 percent payable upfront, balance on conversion within 18 months. EGM on August 17, 2026 for member approval. Also appointed Ms. Jai Vaidya as Company Secretary and Compliance Officer from July 20, 2026.
Likely market impact
Promoters committing fresh capital signals confidence, but conversion will dilute existing shareholders. Subject to EGM approval.