Fabtech Technologies Board Approves Advantek Air Systems Acquisition and Preferential Issue
Fabtech Technologies Cleanrooms Limited announced two major corporate transactions following board approval on February 12, 2026. The company will acquire additional equity stake in associate company Advantek Air Systems for Rs. 2.55 crores and issue 1.24 lakh preferential shares to Mr. Raveendra Shetty for Rs. 3.98 crores, both requiring shareholder approval.

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Fabtech Technologies Cleanrooms Limited announced major corporate developments following its board meeting held on February 12, 2026. The board approved two significant transactions under Regulation 30 of SEBI LODR Regulations: an acquisition to strengthen its position in the air conditioning industry and a preferential equity issue to raise capital.
Advantek Air Systems Acquisition Details
The company's board approved the acquisition of additional equity stake in Advantek Air Systems Private Limited, a manufacturer of air handling units used in air conditioning industries. This transaction involves acquiring 38,673 equity shares for a total consideration of Rs. 2,54,85,507.
| Parameter: | Details |
|---|---|
| Target Company: | Advantek Air Systems Private Limited |
| Acquisition Cost: | Rs. 2,54,85,507 |
| Number of Shares: | 38,673 equity shares |
| Completion Timeline: | On or before March 15, 2026 |
| Transaction Nature: | Related party transaction on arm's length basis |
Advantek Air Systems demonstrates strong financial performance with consistent growth. The company reported a turnover of Rs. 2565.15 lakhs, representing growth from Rs. 2199.65 lakhs in the previous year. The target company maintains a paid-up capital of Rs. 27,98,140 against an authorized capital of Rs. 33,00,000, with a PAT of Rs. 81.35 lakhs.
Advantek's Financial Performance
| Financial Year: | Turnover (Rs. Lakhs) |
|---|---|
| 2022-23: | 2181.87 |
| 2023-24: | 2199.65 |
| 2024-25: | 2565.15 |
Fabtech Technologies currently holds a 26.1% stake in Advantek, making it an associate company. The acquisition aligns with the company's core business strategy and supports expansion plans in the air conditioning and cleanroom technology sectors. Advantek was incorporated on October 1, 2013, and operates exclusively in India.
Preferential Equity Issue
The board approved a preferential equity issue of 1,24,440 equity shares to raise capital for business operations. The shares will be issued at Rs. 320 per share, generating total proceeds of Rs. 3,98,20,800.
| Issue Details: | Specifications |
|---|---|
| Number of Shares: | 1,24,440 equity shares |
| Face Value: | Rs. 10 per share |
| Issue Price: | Rs. 320 per share |
| Total Consideration: | Rs. 3,98,20,800 |
| Allottee: | Mr. Raveendra Shetty (Non-promoter) |
| Post-allotment Holding: | 1.00% |
Mr. Raveendra Shetty, classified under the non-promoter category, will receive the entire allocation. Following the allotment, he will hold 1.00% stake in the company. The preferential issue follows SEBI ICDR Regulations and other applicable laws.
Regulatory Approvals and Next Steps
The board decided to convene the first extraordinary general meeting for FY 2025-26 to seek shareholder approval for these transactions. The company will fix cut-off dates for e-voting purposes and appoint a scrutinizer for the extraordinary general meeting process.
Both transactions require shareholder approval through the extraordinary general meeting. The Advantek acquisition requires no additional governmental or regulatory approvals beyond standard compliance requirements. The board meeting concluded at 7:00 PM on February 12, 2026, with Executive Director Amjad Adam Arbani signing the disclosure documents.
Historical Stock Returns for Fabtech Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.46% | -11.50% | -16.67% | -38.27% | -19.02% | +47.43% |


































