Fiberweb (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP
FIBERWEB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Mukesh Pandya has tendered his resignation as Chief Financial Officer (CFO) of Fiberweb (India) Limited, effective 30th April 2026. The resignation comes due to ongoing health concerns and doctor's advice requiring extended rest. Mr. Pandya had initially submitted his resignation on 14th November 2025 with a last working day of 31st January 2026, but had offered to continue for an additional 3 months on a voluntary basis to ensure operational continuity. The company will need to appoint a new CFO to fill this Key Managerial Personnel position.
The departure of the CFO creates a leadership gap in the finance function. While the resignation is due to health reasons rather than governance concerns, shareholders should monitor how quickly the company appoints a replacement. The stock may see minor negative reaction initially due to management uncertainty.