Fabino Enterprises has scheduled its 15th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be held via Video Conference (VC) or Other Audio-Visual Means (OAVM) at 12:30 pm IST.

The company’s register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026. This closure determines shareholder eligibility for voting at the AGM.

E-voting Details

Fabino Enterprises has appointed National Securities Depository Limited (NSDL) as the e-voting service provider. Members can cast votes electronically during the remote e-voting period.

Voting rights are proportional to the paid-up capital held as on the cut-off date of September 22, 2026. Once a vote is cast, it cannot be changed. Members who vote remotely may attend the AGM but cannot vote again.

Company Background

The intimation was issued by Aditya Mahavir Jain, Managing Director, on September 4, 2026. Fabino Enterprises, formerly known as Fabino Life Sciences Limited, is an ISO 9001:2015 certified entity. The company formally notified BSE Limited to ensure timely market updates.

Fabino Enterprises has approved the sale of its entire stake in wholly-owned subsidiary Upender Metaplast Private Limited for a cash consideration of ₹5,00,000. The Board of Directors sanctioned the transaction during its meeting held on September 4, 2026, marking an exit from the building materials and metals trading segment.

The disinvestment involves the transfer of 50,000 equity shares, representing 99.998% of the subsidiary’s shareholding. The buyers are Mr. Atul Jain and Mrs. Vandana Jain. As Mrs. Vandana Jain serves as an Executive Director of Fabino Enterprises, the deal is classified as a related-party transaction. The company stated that arm’s-length pricing confirmation and requisite Audit Committee approvals will be recorded and disclosed separately.

Strategic Rationale

The Board cited prudence in withdrawing investment from the subsidiary as the primary rationale. Fabino Enterprises noted that it is concurrently scoping other viable projects and business opportunities. Upon completion, Upender Metaplast will cease to be a subsidiary of the listed entity. The transaction falls outside a Scheme of Arrangement and requires a Special Resolution under Section 180(1)(a) of the Companies Act, 2013.

Subsidiary Financial Profile

Upender Metaplast operates out of Sonipat, Haryana, and Delhi, supplying cement, steel, aluminium, and other construction materials. It also imports stainless steel cold-rolled coils from China. The financial impact on Fabino Enterprises appears minimal given the subsidiary's negligible contribution to consolidated turnover.

The subsidiary reported a net worth of ₹(3.42) Lacs, comprising share capital of ₹5.00 Lacs and other equity of ₹(8.42) Lacs. It posted a loss after tax of ₹7.13 Lacs in the last financial year.

Other Board Approvals

The Board also re-appointed Mrs. Tesu Alakh as a Non-executive Independent Director. Her term extends till the ensuing General Meeting. Additionally, M/s D G M S & Co., Chartered Accountants, were re-appointed as Statutory Auditors for the period from FY25-06 to 2030-31. The Board fixed the date, time, and place for the 15th Annual General Meeting and appointed Mr. Vivek Rawal as Scrutinizer.