Fiberweb (India) Limited has announced the extension of its Chief Financial Officer's tenure, demonstrating the company's commitment to maintaining leadership continuity during operational transitions. The spunbond nonwoven fabrics manufacturer made this disclosure in compliance with regulatory requirements on 30 January 2026.

Board Approval and Extension Details

The Board of Directors approved the extension of Mr. Mukesh Pandya's tenure as Chief Financial Officer during their meeting held on 30 January 2026. The extension provides additional operational continuity for the company's financial management.

Background and Timeline

Mr. Mukesh Pandya had previously submitted his resignation from the Chief Financial Officer position on 14 November 2025, with his last working day originally scheduled for 31 January 2026. However, the company subsequently received a request letter from Pandya seeking an extension of his tenure.

In his request letter dated 29 January 2026, Pandya expressed his willingness to continue rendering services to the company for an additional three months. He confirmed that the request was made voluntarily and that all other terms and conditions of his employment would remain unchanged during the extended period.

Officer Profile and Experience

Mr. Mukesh Pandya serves as the Chief Financial Officer of Fiberweb (India) Limited and brings extensive experience in multiple financial domains. His expertise spans finance, accounts, treasury, and corporate governance, providing comprehensive financial leadership to the organization.

The extension ensures continuity in the company's financial operations while supporting ongoing responsibilities during the transition period. Pandya's qualifications include B.com., F.C.A., and DISA (ICAI) certifications.

Regulatory Compliance

The company made this disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was communicated to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed under scrip codes 507910 and FIBERWEB respectively.

Fiberweb (India) Limited operates manufacturing facilities certified for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards, reflecting its commitment to quality, environmental management, and occupational health and safety systems.

Fiberweb (India) Limited has announced its unaudited financial results for the third quarter and nine months ended 31st December, 2025, showcasing strong operational performance and significant strategic developments. The spunbond nonwoven fabrics manufacturer reported robust quarterly results while securing substantial funding for a major expansion project focused on biodegradable products.

Strong Q3FY26 Financial Performance

The company delivered impressive results for Q3FY26, achieving gross sales of Rs 25.90 crores and profit before tax of Rs 4.15 crores. This performance represents a significant improvement over the previous quarter ended 30th September, 2025, demonstrating the effectiveness of the company's strategic initiatives.

For the nine months ended 31st December, 2025, the company reported net sales of Rs 7,484.11 lakhs compared to Rs 7,453.08 lakhs in the corresponding period of the previous year, with net profit reaching Rs 1,153.63 lakhs against Rs 999.00 lakhs in the previous year.

Global Diversification Strategy Yields Results

The company's marketing strategy to diversify globally since 2019 has successfully created a worldwide customer base, effectively hedging against adverse impacts from US tariff impositions. Sales to countries other than the US, including Norway, Poland, Ireland, Australia, Trinidad and Tobago, New Zealand, France, and Canada, have solidified, contributing to the improved quarterly performance.

Major Expansion Project and Funding

Fiberweb has commenced an ambitious expansion project to produce biodegradable nonwoven fabrics and products. The company has secured comprehensive funding for this strategic initiative:

The expansion into sustainable and eco-friendly nonwovens aligns with the company's corporate mission of being socially conscious and environmentally responsible. This strategic move positions the company in a product space expected to remain relevant for decades.

Projected Growth and Margins

Once the expansion is complete, the company expects significant growth in its financial metrics:

• Revenue Growth: Top line projected to increase from Rs 100 crores to approximately Rs 350 crores at 80% capacity utilization on an annualized basis
• Margin Improvement: EBITDA margin expected to improve from 16% to approximately 30%

Leadership Changes

The Board approved the extension of Mr. Mukesh Pandya's tenure as Chief Financial Officer until 30th April, 2026. Mr. Pandya had initially tendered his resignation on 14th November, 2025, with his last working day scheduled for 31st January, 2026, but subsequently requested an extension to ensure continuity of operations.

Regulatory Compliance

The unaudited financial results were reviewed by the audit committee and approved by the Board of Directors in their meeting held on 30th January, 2026. The company's auditors, M/s. Akshay Kirtikumar & Associates LLP, Chartered Accountants, have issued a Limited Review Report for the standalone financial statements prepared under the Companies Act, 2013 and listing regulations for the quarter and nine months ended 31st December, 2025.