Fiberweb (India) Limited has appointed Mrs. Reena Gupta as a Non-Executive Non-Independent Director following the approval of shareholders through a postal ballot. The resolution was passed on June 16, 2026, with 98.42% of the votes polled in favour, as per the scrutinizer's report submitted to the stock exchanges.

The postal ballot was conducted via remote e-voting between May 18, 2026, and June 16, 2026, under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution sought shareholder consent for the appointment of Mrs. Reena Gupta (DIN: 11516950). The record date for determining eligibility was May 8, 2026.

Voting Results

The appointment received strong support from public non-institutional shareholders. A total of 53,011 votes were polled, with 52,175 votes in favour and 836 against. Promoters and promoter group members, who were interested in the resolution, abstained from voting. Consequently, their votes were not considered in the final tally.

Scrutinizer Details

Mr. Ritesh Sharma of Ritesh Sharma & Associates was appointed as the scrutinizer to oversee the e-voting process. The report confirms that the resolution was passed with the requisite majority. The results will be available on the company's website and the e-voting service provider's portal.

Fiberweb (India) Limited announced its standalone audited financial results for the fourth quarter and year ended March 31, 2026. The company reported a total income of ₹86.13 Cr for the full year, with a net profit of ₹10.01 Cr. For the quarter ended March 31, 2026, the company recorded a net loss of ₹1.52 Cr, attributed to a challenging operating environment and geopolitical tensions impacting raw material supply chains. The results were reviewed by the Audit Committee and approved at the Board Meeting held on May 14, 2026. The statutory auditors, M/s. Akshay Kirtikumar & Associates LLP, issued an audit report with an unmodified opinion on the standalone financial results.

Financial Performance

The company's EBITDA for FY26 stood at ₹18.82 Cr, representing an EBITDA margin of 21.85%. In Q4 FY26, EBITDA was ₹2.80 Cr with a margin of 27.11%. The diluted EPS for FY26 was ₹3.48, while it stood at (₹0.53) for the fourth quarter. Management noted that the ongoing US-Iran conflict disrupted logistics and raw material supply during the quarter. The following table summarises the key financial metrics for the period:

Expansion Plan Revision

The Board provided an update on its expansion strategy. Previously, the company proposed an investment of approximately ₹165 Crores in the nonwoven flushable products segment. However, reassessing market conditions and business dynamics, the management has decided to pursue a project for manufacturing nonwoven felted products using recycled materials. The revised project involves a proposed investment of approximately ₹50 Crores. It is expected to generate an estimated annual revenue of approximately ₹175 Crores and a projected profitability of approximately ₹30 Crores.

Corporate Governance

In a separate development, Fiberweb (India) Limited has initiated a postal ballot process seeking shareholder approval for the appointment of Mrs. Reena Gupta (DIN: 11516850) as a Non-Executive Director. The Board also approved the re-appointment of Mr. Sorabh Gupta (DIN: 05124195) as an Independent Director for a second term of five years, subject to shareholder approval. Additionally, Mr. Milind Ghelani has been appointed as the Chief Financial Officer (CFO) of the company effective from July 1, 2026. The postal ballot notice was dispatched to eligible shareholders on May 15, 2026, with the remote e-voting window opening on May 18, 2026.