NewsFiberweb (India) Limited Appoints Milind Ghelani as Chief Financial Officer Effective 01st July, 2026Fiberweb (India) Limited Appoints Milind Ghelani as Chief Financial Officer Effective 01st July, 2026
Fiberweb (India) Limited's Board of Directors approved the appointment of Mr. Milind Ghelani as CFO and Key Managerial Personnel at their meeting on 14th May, 2026, with the role effective from 01st July, 2026. Mr. Ghelani holds qualifications of C.A., C.S., and B.Com, and brings over 15 years of experience in financial services, covering audits, governance, compliance, and financial planning. The appointment was made under Section 203 of the Companies Act, 2013, and disclosed pursuant to Regulation 30 of the SEBI LODR Regulations.
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Fiberweb (India) Limited , a manufacturer of Spunbond Nonwoven Fabrics, has announced the appointment of Mr. Milind Ghelani as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The Board of Directors approved this appointment at their meeting held on 14th May, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment will be effective from 01st July, 2026.
Appointment Details
The following table outlines the key details of Mr. Milind Ghelani's appointment as disclosed under Regulation 30 of the SEBI LODR Regulations:
| Parameter: | Details |
|---|---|
| Name: | Mr. Milind Ghelani |
| Designation: | Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) |
| Date of Board Approval: | 14th May, 2026 |
| Effective Date: | 01st July, 2026 |
| Qualification: | C.A., C.S., B.Com |
| Experience: | Over 15 years in the financial services industry |
Profile of the Incoming CFO
Mr. Milind Ghelani is described as a dynamic Finance and Accounts leader with over 15 years of experience in the financial services industry. He has a proven track record across statutory and internal audits, assurance, governance, and compliance. His expertise spans the design and implementation of policies and Standard Operating Procedures (SOPs), strengthening internal control frameworks, and managing accounting, taxation, due diligence, and financial planning and budgeting. He is also noted for delivering clear risk insights and management-focused reporting.
Regulatory Compliance
The appointment has been made in accordance with the provisions of Section 203 of the Companies Act, 2013, and disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/2023/120 dated July 11, 2023. The announcement was communicated to both BSE Limited and the National Stock Exchange of India Limited. The disclosure was signed by Pravin V. Sheth, Director and Chairman of Fiberweb (India) Limited.
Historical Stock Returns for Fiberweb
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -6.97% | -5.63% | -18.31% | -14.34% | -28.31% |
How might Mr. Ghelani's expertise in internal controls and compliance frameworks influence Fiberweb India's financial governance strategy in the coming years?
Could the appointment of a CFO with dual CA and CS qualifications signal Fiberweb India's intent to pursue capital market activities such as fundraising or acquisitions?
What strategic financial priorities is Fiberweb India likely to focus on given the growing demand for nonwoven fabrics in sectors like healthcare and packaging?
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