Revised intimation for incorporation of Foreign Wholly owned Subsidiary Company.
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Fabtech Technologies Cleanrooms Ltd's Board approved setting up a 100% wholly-owned subsidiary in the UAE named 'Fabtech Technologies Cleanrooms-FZE'. The new entity will manufacture cleanroom partitions to supply the Indian operations of Fabtech Technologies and Fabtech Technologies Cleanrooms, leveraging the UAE–India trade deal. The subsidiary's authorised and paid-up capital will not exceed AED 1,00,000 (roughly ₹23 lakhs), funded entirely through cash subscription at face value. Incorporation is still in process and pending UAE regulatory approvals.
This is a small, strategic international expansion move to tap the UAE–India trade corridor for cleanroom partition manufacturing. The capital outlay is modest, so the financial impact on shareholders is limited, but it signals the company's intent to expand its footprint and supply chain beyond India.