
Board Meeting14 May 2026, 06:31 pm
Fiberweb India Approves FY26 Audited Standalone Results
AI Summary
Fiberweb India Ltd's board approved the audited standalone financial results for the year ended March 31, 2026. They re-appointed A. V. Jobanputra & Co as Internal Auditor for FY 2026-2027 and approved a postal ballot for the appointment of a Non-Executive Director. Milind Ghelani was appointed as CFO effective July 1, 2026, and Sorabh Gupta was reappointed as an Independent Director for a second term, subject to shareholder approval. The company has revised its expansion plan to focus on manufacturing nonwoven felted products using recycled materials, moving away from the previously proposed expansion in nonwoven flushable products.
Key Highlights
- Audited Standalone Financial Results for FY26 approved with unmodified auditor opinion.
- A. V. Jobanputra & Co re-appointed as Internal Auditor for FY 2026-27.
- Milind Ghelani appointed as Chief Financial Officer (CFO) effective July 1, 2026.
- Sorabh Gupta re-appointed as Independent Director for a second term, pending shareholder approval.
- Expansion plan revised to focus on nonwoven felted products using recycled materials.
Price Impact
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