Fabino Enterprises Approves Related-Party Sale Of Subsidiary For ₹5 Lakh

Board approved sale of 99.998% stake in subsidiary Upender Metaplast to Atul Jain and executive director Vandana Jain for Rs 5.0 lakh; subsidiary will cease to be controlled. The metals and building-materials trading subsidiary had nil turnover, Rs 7.1 lakh FY26 loss and negative net worth of Rs 3.4 lakh; management cited withdrawal of investment. Related-party transaction due to buyer Vandana Jain; arm's-length confirmation and Audit Committee approval remain pending, subject to shareholder special resolution.