Sushma Shekhar Acquires 8.29% Stake in Fabino Enterprises Through Open Market Purchase

Sushma Shekhar has acquired a substantial stake in fabino enterprises through an open market purchase, marking a significant investment in the BSE-listed company. The acquisition has been disclosed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The transaction involved the purchase of 174,000 equity shares, representing 8.29% of Fabino Enterprises' total voting capital. This acquisition was completed through open market operations on April 9, 2026.

Parameter:	Details
Shares Acquired:	174,000
Percentage of Total Capital:	8.29%
Mode of Acquisition:	Open Market
Date of Acquisition:	April 9, 2026
Acquirer Status:	Non-Promoter

Holdings Comparison

Prior to this acquisition, Sushma Shekhar held no shares in Fabino Enterprises. The following table shows the complete transformation in shareholding:

Holding Type:	Before Acquisition	After Acquisition	Change
Shares with Voting Rights:	0	174,000	+174,000
Percentage Holding:	0%	8.29%	+8.29%
Encumbered Shares:	0	0	0
Voting Rights (Non-Equity):	0	0	0

Company Capital Structure

Fabino Enterprises' capital structure remained unchanged following this acquisition. The company's equity share capital stands at INR 2,10,00,000, divided into 21,00,000 equity shares of INR 10 each. The total diluted share capital also remains at the same level, indicating no outstanding convertible securities or warrants.

Regulatory Compliance

The disclosure confirms that Sushma Shekhar does not belong to the promoter or promoter group of Fabino Enterprises. The acquisition has been properly disclosed to BSE, where the company's shares are listed, in compliance with SEBI regulations for substantial acquisitions exceeding the prescribed thresholds.

This transaction represents a notable development in Fabino Enterprises' shareholding pattern, with Sushma Shekhar emerging as a significant stakeholder through this open market acquisition.

Fabino Enterprises Limited has announced the immediate resignation of Mr. Kuldeep Solanki as Non-Executive Independent Director, effective December 26, 2025. The company informed BSE Limited about this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

The key details of the resignation are presented below:

Parameter:	Details
Director Name:	Mr. Kuldeep Solanki
DIN:	07109951
Position:	Non-Executive Independent Director
Resignation Date:	December 26, 2025
Effective:	Immediate
Reason:	Pre-occupation and personal commitments

Resignation Process and Compliance

The company received Mr. Kuldeep Solanki's resignation letter on December 26, 2025. In his resignation letter, the director cited pre-occupation and other personal commitments as the primary reasons for stepping down from his position. He confirmed that there are no material reasons for his resignation other than those mentioned in his letter.

Fabino Enterprises has complied with all regulatory requirements by providing the requisite details pursuant to Regulation 30 of the SEBI Listing Regulations and the SEBI Master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Board Succession Planning

The company has indicated that the matter of succession will be placed before the upcoming Board meeting. This demonstrates the company's commitment to maintaining proper governance structure following the director's departure.

Regulatory Disclosures

As part of the mandatory disclosures, the company confirmed that:

Mr. Kuldeep Solanki does not hold directorships in any other listed entities
The resigning director has provided confirmation that there are no other material reasons for resignation beyond those stated
All required documentation has been submitted to the stock exchange

The resignation represents a routine corporate governance matter, with the company following all prescribed regulatory procedures for director changes.