Issuance of 1,24,440 Equity Shares of Fabtech Technologies Cleanrooms Limited
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Fabtech Technologies' board, at its February 12, 2026 meeting, approved buying an additional 38,673 equity shares in its associate company Advantek Air Systems Private Limited for about Rs. 2.55 crore in cash, to be completed by March 15, 2026. Advantek manufactures air handling units for the AC industry and reported FY25 turnover of Rs. 25.65 crore with a profit after tax of Rs. 81.35 lakh. The board also approved a preferential issue of up to 1,24,440 equity shares at Rs. 320 per share to Mr. Raveendra Shetty (non-promoter), raising up to Rs. 3.98 crore and resulting in about 1% post-allotment dilution. Since Fabtech already holds 26.1% in Advantek, this is a related-party transaction being done at arm's length. An extra-ordinary general meeting will be held to seek shareholder approval.
The acquisition deepens the company's existing exposure in a related associate, which is positive for vertical integration but does mean more cash is locked into a single associate. The preferential issue brings in roughly Rs. 4 crore of fresh capital but dilutes existing shareholders by about 1%, with shares issued to a single non-promoter investor.