Fiberweb promoter Pravin Sheth buys 31,790 shares on open market

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Pravin V. Sheth acquired 31,790 Fiberweb equity shares on the open market
  • Purchase occurred across four dates between August 24 and September 9, 2026
  • Promoter's total holding increased to 17,25,050 shares (5.99% stake)
  • Disclosure filed under SEBI SAST Regulations Regulation 29(2)
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Fiberweb promoter Pravin V. Sheth acquired 31,790 equity shares on the open market between August 24 and September 9, 2026. The purchase brings his total holding to 17,25,050 shares, representing a 5.99% stake in the company.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the Bombay Stock Exchange and the National Stock Exchange on September 15, 2026.

Holding Details

Sheth’s stake increased from 16,93,260 shares (5.88% of total voting capital) before the transaction to 17,25,050 shares (5.99%) after the purchase. The company’s total equity share capital remains unchanged at 2,87,91,710 equity shares of ₹10 each.

Metric Before Acquisition Acquisition After Acquisition
Number of Shares 16,93,260 31,790 17,25,050
Stake (% w.r.t. Total Capital) 5.88% 0.11% 5.99%

Transaction Timeline

The shares were purchased across four separate dates:

  • August 24, 2026
  • September 7, 2026
  • September 8, 2026
  • September 9, 2026

All transactions were executed through the open market mechanism. No warrants or convertible securities were involved in the acquisition.

Historical Stock Returns for Fiberweb

1 Day5 Days1 Month6 Months1 Year5 Years
-5.42%-0.47%-13.79%-31.07%-42.82%0.0%

Could this incremental buyout signal Pravin V. Sheth's intention to consolidate control or prepare for a potential takeover bid?

How might this promoter confidence impact Fiberweb's stock price volatility and institutional investor sentiment in the coming quarters?

Are there any pending strategic initiatives or operational changes at Fiberweb that align with this timing of share acquisition?

Fiberweb shares web-link for FY26 annual report ahead of AGM

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Fiberweb provides web-link for FY26 annual report access
  • Letters sent to members without registered email addresses
  • 41st AGM scheduled for September 29, 2026 in Nani Daman
  • Shareholders urged to update KYC and dematerialize physical shares
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Fiberweb (India) Limited has provided a web-link for shareholders to access its Annual Report for FY26. The disclosure comes as the company prepares for its 41st Annual General Meeting scheduled for September 29, 2026.

The firm notified BSE and NSE on September 9, 2026, pursuant to Regulation 30 and Regulation 36(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Pravin V. Sheth, Chairman and Director, signed the compliance notice. This update supplements an earlier notification issued on September 3, 2026, regarding the AGM schedule.

Accessing the Annual Report

Letters containing the exact path to access the annual report have been dispatched to members who have not registered their email addresses with the company or depositories. The document is also available on the company website at https://fiberwebindia.com/annual-report/ .

Shareholders holding physical securities are urged to update their KYC details, including PAN, address, mobile number, bank account details, specimen signature, and nomination choice. Formats for these updates are available on the company website.

Meeting Details

The AGM is set for 9:00 am on September 29, 2026. Physical participation is requested at Hotel Ocean Inn in Devka Beach, Nani Daman. The cut-off date for shareholding eligibility is Wednesday, September 23, 2026.

Detail Information
Date September 29, 2026
Time 9:00 am
Venue Hotel Ocean Inn, Nani Daman
Cut-off Date September 23, 2026

Voting and Reporting

Shareholders can cast votes through remote e-voting or ballot papers during the AGM. The Integrated Annual Report for FY26 will be emailed to registered members. Physical copies are available upon request. Members are encouraged to dematerialize physical shares and register email IDs to avail online services.

Historical Stock Returns for Fiberweb

1 Day5 Days1 Month6 Months1 Year5 Years
-5.42%-0.47%-13.79%-31.07%-42.82%0.0%

How might the FY26 financial results disclosed in the annual report influence Fiberweb's dividend policy and shareholder returns?

What strategic initiatives or capital expenditure plans for FY27 are likely to be highlighted during the upcoming AGM?

Could the push for dematerialization and digital KYC updates signal a broader shift in Fiberweb's corporate governance or investor relations strategy?

More News on Fiberweb

1 Year Returns:-42.82%