Fabtech Cleanrooms Limited
Key Quantitative Figures
The proposed preferential issue involved 1,24,440 (One Lakh Twenty Four Thousand Four Hundred and Forty) fully paid-up equity shares intended for non-promoters.
Timeline of Events and Dates
- Board of Directors approved the preferential issue proposal on February 12, 2026
- Application for in-principle approval submitted to BSE Limited on February 20, 2026
- Shareholders approved the proposal at Extraordinary General Meeting held on March 14, 2026
- BSE granted in-principle approval under Regulation 28(1) of SEBI LODR Regulations on June 3, 2026
- Withdrawal decision communicated on June 17, 2026
Regulatory Framework
The issue was proposed under Chapter V of SEBI ICDR Regulations, requiring completion of allotment within 15 days from receipt of in-principle approval.
Rationale for Withdrawal
The Company decided not to proceed with the preferential issue due to prevailing market conditions characterized by uncertainty and volatility.
Financial and Operational Impact
The disclosure explicitly states that the withdrawal will not have any material impact on the Company's business operations or financial stability.
Future Considerations
The Company may explore alternative avenues for capital raising as required for business needs, with stakeholders to be informed of any future developments.
Parties Involved
- Fabtech Cleanrooms Limited (issuer)
- BSE Limited (designated stock exchange)
- Non-promoter investors (intended allottees)