Aryaman Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement for the attention of the Equity Shareholders of Fabino Enterprises Ltd ("Target ....
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R G Family Trust, Sameer Gupta, and Sundeep Gupta (Acquirers) have made a Detailed Public Statement for an open offer to acquire up to 5,46,000 equity shares (26% of fully diluted capital) of Fabino Enterprises Limited at ₹20 per share. The Acquirers had previously signed a Share Purchase Agreement on April 28, 2026 to purchase 11,93,200 promoter shares (56.82%) at ₹18 per share from Aditya Mahavir Jain and family members. Post open offer completion (assuming full acceptance), the Acquirers will hold 82.82% of the company, causing public shareholding to fall below the mandatory 25% minimum, which the Acquirers have committed to rectifying. Fabino is an SME-listed food processing company (BSE Scrip Code: 543444) with FY25 revenue of ₹18.33 crore and PAT of ₹6.11 lakh, though H1FY26 showed a loss of ₹18.59 lakh.
Shareholders can tender at ₹20 per share (5.6% premium over the ₹18.89 VWAP), but with Acquirers gaining 82.82% control and public holding dropping below 25%, the stock may face liquidity concerns or eventual delisting compliance requirements.