Fiberweb FY26 Net Profit ₹10.01 Cr; Expansion Plan Revised

2 min read     Updated on 21 May 2026, 06:38 AM
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AI Summary

Fiberweb (India) announced FY26 net profit of ₹10.01 Cr on a total income of ₹86.13 Cr, while Q4 saw a net loss of ₹1.52 Cr due to supply chain disruptions. The Board revised its expansion strategy to a ₹50 Cr project for nonwoven felted products, targeting ₹175 Cr in annual revenue. Additionally, the company initiated a postal ballot for director appointments and appointed a new CFO effective July 2026.

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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:

Particulars (₹ Cr): FY26 Q4 FY26
Total Income 86.13 10.33
EBITDA 18.82 2.80
EBITDA Margin (%) 21.85% 27.11%
Net Profit / (Loss) 10.01 (1.52)
Net Profit Margin (%) 11.63% (14.73)%
Diluted EPS (₹) 3.48 (0.53)

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.

Historical Stock Returns for Fiberweb

1 Day5 Days1 Month6 Months1 Year5 Years
-0.39%-3.07%-24.85%-23.72%-45.77%-41.38%

How might the pivot from flushable nonwoven products to recycled felted materials position Fiberweb against competitors, and what market share could it realistically capture given the ₹175 Cr revenue projection?

If the US-Iran geopolitical tensions persist or escalate further, what is the potential downside risk to Fiberweb's raw material costs and supply chain stability in FY27?

With the revised ₹50 Cr investment expected to generate ₹30 Cr in profitability, how does this capital efficiency compare to industry benchmarks, and what financing mix is the company likely to pursue?

Fiberweb (India) Limited seeks approval for Non-Executive Director appointment

4 min read     Updated on 15 May 2026, 09:20 PM
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Fiberweb (India) Limited has issued a Postal Ballot Notice dated May 14, 2026, seeking shareholder approval for the appointment of Mrs. Reena Gupta as Non-Executive Non-Independent Director. The appointment follows her initial role as an Additional Director since March 27, 2026. Shareholders on the record date of May 08, 2026, can vote via remote e-voting from May 18 to June 16, 2026, with Link Intime India Private Limited acting as the Registrar.

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Fiberweb (India) Limited has issued a Postal Ballot Notice dated May 14, 2026, seeking shareholder approval for the appointment of Mrs. Reena Gupta as Non-Executive Non-Independent Director of the Company. The notice has been filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the Company's earlier announcement regarding her initial appointment by the Board of Directors on March 27, 2026.

Postal Ballot and E-Voting Details

The resolution is proposed to be passed by Members through remote e-voting only, in compliance with Section 110 and Section 108 of the Companies Act, 2013, read with the applicable MCA Circulars and SEBI Listing Regulations. Link Intime India Private Limited has been engaged as the Registrar and Share Transfer Agent (RTA) to provide the remote e-voting facility. The key details of the e-voting process are summarised below:

Parameter: Details
Postal Ballot Notice Date: May 14, 2026
Cut-Off Date (Record Date): Friday, May 08, 2026
E-Voting Start: 09:00 a.m. (IST), Monday, May 18, 2026
E-Voting End: 05:00 p.m. (IST), Tuesday, June 16, 2026
Scrutinizer: Mr. Vivek Sharma, Practicing Company Secretary
E-Voting Platform: InstaVote (Link Intime India Private Limited)
Result Declaration: Not later than 2 working days after conclusion of e-voting

Only members whose names appear in the Register of Members or List of Beneficial Owners as on the Cut-Off Date of Friday, May 08, 2026, are eligible to participate in the e-voting process. The Postal Ballot Notice has been sent electronically to members with registered email IDs, and physical copies have been dispatched to members holding shares in physical form.

Resolution: Appointment of Mrs. Reena Gupta

The sole resolution under this Postal Ballot seeks approval for the appointment of Mrs. Reena Gupta as Non-Executive Non-Independent Director, liable to retire by rotation. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee (NRC), had appointed her as an Additional Director with effect from March 27, 2026. The key disclosures pertaining to her appointment, as required under Regulation 36(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Secretarial Standards-2, are as follows:

Parameter: Details
Name & DIN: Mrs. Reena Gupta (DIN: 11516950)
Date of Birth: 2nd July, 1970
Date of First Appointment on Board: 27th March, 2026
Qualifications: B.Com
Directorships in Other Companies: NIL
Committee Memberships/Chairmanships: NIL
Shares Held in the Company: NIL
Board Meetings Attended (FY 2025-26): 1 out of 1 meeting (till date of Notice)
Relationship with Directors/KMP: Spouse of Mr. Bhavesh Sheth, Director; Daughter-in-law of Mr. Pravin Sheth, Chairman and Director
Remuneration: In line with internal guidelines of the Company

Mrs. Reena Gupta is a graduate with international professional experience, currently working with one of the Fortune 500 companies in the United States. The NRC and the Board confirmed that she is a fit and proper person for the directorship, is not disqualified under Section 164 of the Companies Act, 2013, and has not been debarred from holding office by SEBI or any other authority. Her areas of expertise include business finance and business transformation.

Board Recommendation and Scrutinizer Process

The Board of Directors recommends the Ordinary Resolution set out in Item No. 1 of the Postal Ballot Notice for approval by Members. Mr. Vivek Sharma, Practicing Company Secretary, has been appointed as Scrutinizer to conduct the postal ballot process in a fair and transparent manner. Upon completion of scrutiny, the Scrutinizer will submit his report to the Chairman of the Company. The results, along with the Scrutinizer's Report, will be uploaded on the Company's website at www.fiberwebindia.com and on the RTA's website, and will also be communicated to BSE Limited and the National Stock Exchange of India Limited. If assented to by the requisite majority, the resolution shall be deemed passed on Tuesday, June 16, 2026, the last date specified for e-voting.

Eligibility and Interested Parties

Except Mrs. Reena Gupta and/or her relatives, no other Director, Key Managerial Personnel, or their respective relatives are concerned or interested, financially or otherwise, in the said resolution. Members are advised to cast their votes exclusively through the remote e-voting system, as no other mode of communication of assent or dissent will be accepted. The Postal Ballot Notice is available for inspection on the Company's website at www.fiberwebindia.com and on the websites of BSE Limited and the National Stock Exchange of India Limited.

Historical Stock Returns for Fiberweb

1 Day5 Days1 Month6 Months1 Year5 Years
-0.39%-3.07%-24.85%-23.72%-45.77%-41.38%

How might Mrs. Reena Gupta's expertise in business finance and transformation at a Fortune 500 company influence Fiberweb India's strategic direction or potential international expansion plans?

Given Mrs. Reena Gupta's family ties to both the Chairman and an existing Director, how could this appointment affect minority shareholder confidence and corporate governance perceptions of Fiberweb India?

Could the appointment of a family member with international business experience signal Fiberweb India's intent to explore overseas markets or foreign partnerships in the nonwoven fabrics sector?

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1 Year Returns:-45.77%