Fabtech Technologies approves Advantek stake buy and ₹3.98 crore

Fabtech Technologies Cleanrooms Ltd has approved the acquisition of additional equity in Advantek Air Systems for ₹2.55 crore and a preferential equity issue worth ₹3.98 crore to strengthen its air conditioning business and raise growth capital.

Board Clears Dual Strategic Moves

Fabtech Technologies Cleanrooms Limited, in its board meeting held on February 12, 2026, approved two key corporate actions — increasing its stake in Advantek Air Systems Private Limited and raising capital through a preferential equity issue.

The moves are aimed at strengthening the company’s footprint in the air conditioning and cleanroom solutions segment while bolstering its capital base for business expansion.

Advantek Air Systems Stake Acquisition

The board approved the purchase of 38,673 equity shares in Advantek Air Systems for a total consideration of ₹2,54,85,507. The transaction is expected to be completed on or before March 15, 2026.

Key Details:

Target Company: Advantek Air Systems Pvt Ltd

Acquisition Cost: ₹2.55 crore

Shares Acquired: 38,673 equity shares

Nature of Transaction: Related party transaction on an arm’s length basis

Current Holding: 26.1% (Associate Company)

Advantek manufactures air handling units used in air conditioning systems and has shown consistent revenue growth over the past three years.

Advantek Financial Performance (Turnover in ₹ Lakhs)

FY23: 2181.87

FY24: 2199.65

FY25: 2565.15

The acquisition aligns with Fabtech’s core business strategy and supports its expansion in the HVAC and cleanroom technology sectors.

₹3.98 Crore Preferential Equity Issue

In a separate development, the board approved a preferential allotment of 1,24,440 equity shares at ₹320 per share, aggregating to ₹3,98,20,800.

Issue Highlights:

Face Value: ₹10 per share

Issue Price: ₹320 per share

Total Proceeds: ₹3.98 crore

Allottee: Mr. Raveendra Shetty (Non-promoter)

Post-allotment Holding: 1.00%

The issue will be conducted in compliance with SEBI ICDR Regulations and other applicable laws.

Next Steps

The company will convene its first Extraordinary General Meeting (EGM) for FY 2025–26 to seek shareholder approval for both transactions. Cut-off dates for e-voting and appointment of a scrutinizer will be announced in due course.

The Advantek acquisition does not require any additional regulatory approvals beyond standard compliance procedures. The board meeting concluded at 7:00 PM, with Executive Director Amjad Adam Arbani signing the disclosure.