Fiberweb (India) Limited has appointed Mr. Milind Ghelani as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective July 1, 2026. The appointment strengthens the company's financial leadership as Ghelani brings over 15 years of experience in the financial services industry, with expertise in statutory audits, assurance, governance, and compliance.

The Board of Directors approved the appointment at its meeting held on May 14, 2026, in accordance with Section 203 of the Companies Act, 2013. Consequently, Mr. Ghelani has assumed charge as CFO and KMP from July 1, 2026. The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of the Appointee

Mr. Milind Ghelani is a qualified Chartered Accountant (CA), Company Secretary (CS), and holds a B.Com degree. His professional background includes designing and implementing policies and SOPs, strengthening internal control frameworks, and managing accounting, taxation, and financial planning.

The company confirmed that Mr. Ghelani is known for delivering risk insights and management-focused reporting. The intimation regarding the effective date of the appointment was submitted to BSE Limited and National Stock Exchange of India Limited on July 1, 2026.

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.