Intimation for Incorporation of the Associate Company in the name and style of "FABTECH FORTLINE PRIVATE LIMITED" or any other appropriate name, as may be approved by the Minister of Corporate ....
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The board of Fabtech Technologies Cleanrooms, an SME-listed company, approved the incorporation of a new associate company called 'Fabtech Fortline Private Limited', subject to MCA approval. The new entity will operate in the pharmaceutical industry, manufacturing cleanroom doors and cleanroom equipment — a natural extension of Fabtech's existing cleanroom business. The new company will have an authorised share capital of Rs. 3 crore and paid-up capital of Rs. 2 crore. Fabtech will subscribe to 49% of the initial paid-up capital by investing Rs. 98 lakh in cash at face value of Rs. 10 per share.
This is a modest strategic investment that allows Fabtech to expand into cleanroom doors and equipment manufacturing through a minority associate structure. The Rs. 98 lakh cash outflow is small relative to corporate size and unlikely to materially move the stock, though it signals management's intent to grow in the pharma-cleanroom value chain.