Bhavesh Pravin Sheth has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
FIBERWEB · price
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Promoter Bhavesh Pravin Sheth has informed the exchanges about a proposed acquisition of 16,00,000 equity shares (5.56% of share capital) of Fiberweb (India) Limited from fellow promoter Pravin V. Sheth by way of a gift. This is an inter-se transfer among immediate relatives and is exempt from the open offer requirement under Regulation 10(1)(a)(i) of SEBI Takeover Regulations. After the transfer, Bhavesh Pravin Sheth's stake will rise from 28.66% to 34.21%, while Pravin V. Sheth's stake will drop from 5.78% to 0.23%. The total promoter group holding remains unchanged at 46.80%. The transaction is expected to be completed on or after 1st April 2026.
This is an internal reshuffling of shares within the promoter family and does not change the total promoter control in the company. No fresh money enters the company and no open offer is triggered. Existing shareholders should not see any meaningful change in the management or control of Fiberweb.