EGM on Aug 17 for preferential issue of convertible warrants to promoters
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Fabtech Cleanrooms has called an EGM on August 17, 2026 via video conferencing to approve issuing up to 3,80,711 convertible warrants at INR 394 each to promoters and promoter group, raising up to about INR 15 crore. Each warrant converts to one INR 10 share within 18 months. Allottees include Amer Aasif Khan (2,29,916 warrants), Hemant Anavkar, Manisha Anavkar, and Aarif Ahsan Khan. Proceeds will fund working capital and general corporate purposes. E-voting runs August 13 to 16, with cut-off date August 10.
Promoters investing about INR 15 crore signals confidence but warrants will dilute existing public shareholders upon conversion.