Considered and approved the following- 1. Appointment of Mrs. Vandana Jain (DIN: 00004347) as Additional (Executive) Director designated as Executive Director subject to approval of shareholders. 2. ....
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Fabino Enterprises Ltd's board, meeting on August 28, 2025, approved the appointment of Mrs. Vandana Jain as Additional Executive Director, subject to shareholder approval. Mrs. Jain is the mother of the current Managing Director, Aditya Mahavir Jain, making this a promoter family addition to the board. She is a BA graduate from Delhi University with 8+ years of experience and currently serves as Director at Vaksons Metaplast Private Limited. Separately, the board accepted the resignation of Mr. Nitin Mehra as Additional Executive Director, citing personal reasons, effective the same day. The board also approved the FY2024-25 Board Report, MD&A report, and notice for the 21st AGM.
The induction of the MD's mother as Executive Director signals greater promoter family control over the company's management, which shareholders may view as concerning for corporate governance and independent oversight. The simultaneous exit of another Executive Director adds to the churn at the leadership level.