Fabtech Technologies announced on June 02, 2026, that its wholly owned subsidiary, Fabtech Technologies LLC, has entered into a shareholders agreement with Mr. Saleh Mousa Eidhah Al-Zahrani and Specialized Contracting Activities LLC. The agreement aims to establish a new step-down subsidiary in the Kingdom of Saudi Arabia to expand the company's footprint in specialized contracting activities within the region.

The proposed entity, Specialized Contracting Activities LLC, will be incorporated in the Kingdom of Saudi Arabia, subject to regulatory approval from the relevant authorities. The new company will operate in the specialized contracting sector, specifically catering to Mechanical, Electrical, Plumbing, and Civil requirements for non-pharma industries.

Ownership Structure and Investment Details

Fabtech Technologies LLC will acquire a 51% stake in the proposed entity, establishing it as a step-down subsidiary of Fabtech Technologies. The remaining stakeholders include Mr. Saleh Mousa Eidhah Al-Zahrani and Specialized Contracting Activities LLC. The consideration for the subscription involves a 100% cash investment at the face value per share.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation has been submitted to the National Stock Exchange of India Limited and BSE Limited. Hemant Mohan Anavkar, Executive Director of Fabtech Technologies, signed the filing on June 02, 2026.

Fabtech Technologies Limited has published the postal ballot notice in newspapers dated May 30, 2026, informing shareholders about the remote e-voting process for the appointment of two Non-Executive Independent Directors. The publication was made in the Financial Express (English) and Loksatta (Marathi) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company seeks approval for the regularisation of the appointments of Ms. Rupal Dhiren Haria and Ms. Bharti Khanna.

The remote e-voting facility is scheduled to be open from Monday, June 01, 2026, to Tuesday, June 30, 2026. Shareholders whose names appear in the register of members as of Friday, May 22, 2026, are eligible to participate. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process. Ms. Rupal Dhiren Haria was initially appointed as an Additional Director via a circular resolution on March 27, 2026, while Ms. Bharti Khanna was appointed during the board meeting on May 25, 2026.

Ms. Rachana Shanbhag, Partner at M/s. D.A Kamat & Co., Company Secretaries, has been appointed as the Scrutinizer to ensure the e-voting process is conducted fairly. The resolutions require approval as a Special Resolution. The results of the postal ballot will be declared within the stipulated timelines and communicated to the stock exchanges.

Key E-Voting Dates

Proposed Director Appointments