Fiberweb (India) Limited has announced its 73rd Board of Directors meeting scheduled for Friday, March 27, 2026 at 12.00 p.m. The meeting will be held at Kiran Building, 128, Bhaudaji Road, Matunga (East), Mumbai - 400019, with significant director-level changes on the agenda.

Board Meeting Details

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the upcoming board meeting in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Changes on Agenda

The board meeting will address two key personnel changes in the company's leadership structure:

Company Background

Fiberweb (India) Limited operates as a manufacturer of Spunbond Nonwoven Fabrics. The company maintains its registered office at Airport Road, Kadaiya, Nani Daman, (U.T.) – 396210, while its Mumbai office is located at Kiran Building, Matunga. The company's manufacturing operations are certified for multiple international standards including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, demonstrating its commitment to quality, environmental management, and occupational health and safety standards.

Regulatory Compliance

The notification was signed by Pravin V Sheth, Director (DIN NO - 00138797), ensuring proper corporate governance procedures are followed. The company has provided this information to both stock exchanges where it is listed to maintain transparency with stakeholders and comply with regulatory requirements.

Pravin V. Sheth, promoter of Fiberweb (India) Limited, has acquired 10,692 equity shares of the company through open market purchases, according to a regulatory disclosure filed on February 26, 2026. The acquisition was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share purchases were executed over two trading sessions on February 23 and 24, 2026, through open market transactions. The acquisition represents a modest increase in the promoter's stake in the textile manufacturing company.

Shareholding Changes

The acquisition resulted in a marginal increase in Sheth's shareholding percentage in Fiberweb (India) Limited. His total holding now represents 5.78% of the company's total share capital.

Company Share Capital

Fiberweb (India) Limited's equity structure remained unchanged following the transaction. The company maintains its total equity share capital at 2,87,91,710 equity shares of Rs. 10 each. The shares are listed on both BSE Limited (Scrip Code: 507910) and National Stock Exchange of India Limited (Scrip Code: FIBERWEB).

Regulatory Compliance

The disclosure was made in accordance with SEBI regulations governing substantial acquisition of shares. Sheth, operating from his registered address at Kiran Building, Matunga, Mumbai, submitted the required documentation to both stock exchanges and the company's management. The company was formally notified of the share purchase on February 26, 2026.

The transaction reflects the promoter's continued confidence in the company's prospects, though the acquisition represents only a minor adjustment to the overall shareholding structure of Fiberweb (India) Limited.