Fabino Enterprises Ltd has reclassified its former promoter and promoter group members to the public category, while acquirers R G Family Trust, Sameer Gupta, and Sundeep Gupta have been reclassified from public to the promoter and promoter group category.

This change follows the completion of an open offer under Regulation 3(1) and Regulation 4 of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company filed this intimation with BSE Limited on October 19, 2026, pursuant to Regulation 31A(10)(ii) of the Listing Regulations.

The reclassification was triggered by the transfer of 11,93,200 equity shares from sellers Mrs. Vandana Jain, Mrs. Shanta Jain, Mrs. Kamal Naini Jain, Mrs. Shreya Jain, and Mr. Atul Jain to the acquirers. This transfer resulted from a Share Purchase Agreement dated April 28, 2026.

Reclassification details

The following table outlines the specific changes in shareholding categories for the individuals and entities involved:

Regulatory compliance

The company stated that all erstwhile members of the promoter and promoter group are now classified as public shareholders. Conversely, the acquirers have assumed the status of promoters. The Managing Director, Aditya Mahavir Jain, signed the disclosure digitally on October 19, 2026.

Fabino Enterprises Limited board of directors approved a proposal to change the company's name to Raavi Greenz Resources Limited. The move aligns with a strategic pivot toward green resources, biofuel production, and agro-based business activities.

The decision was taken during a board meeting held on October 12, 2026. The name change is subject to shareholder approval via a special resolution at an ensuing general meeting. It also requires regulatory approvals under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic shift in business objects

Concurrent with the name change, the board approved the alteration of Clause III (A) of the Memorandum of Association (MoA). This amendment enables the company to undertake new business activities in the renewable energy and agriculture sectors. The new main objects include:

• Production and marketing of biofuels such as ethanol and high-starch agro products.
• Trading and distribution of petroleum products, minerals, and their derivatives.
• Establishment and operation of refineries, pipelines, and plants for processing agro-based products.
• Manufacturing and trading of fuel ethanol, biodiesel, and related by-products.
• Processing of grains like broken rice, jowar, maize, and sugarcane for energy and chemical applications.

Regulatory compliance and next steps

The company stated that the proposed changes are designed to better reflect its future business focus. The alteration of the MoA and Articles of Association will be effective only upon receipt of a fresh Certificate of Incorporation from the Registrar of Companies. This follows the completion of statutory procedures mandated by Indian corporate law.

The board meeting commenced at 2:40 pm and concluded at 3:05 pm. Aditya Mahavir Jain, Managing Director, signed the disclosure filed with BSE Limited regarding the outcome of the meeting.