Fiberweb (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

FIBERWEB · price

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹37.80

prior close

₹37.64

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-0.0% vs market

Other Textile Products peers, median of 186sector-0.2%-0.2% vs sector

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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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 186Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Mukesh Pandya, Chief Financial Officer of Fiberweb (India) Limited, has tendered his resignation from the company. His original resignation letter was dated November 14, 2025, with an agreed last working day of January 31, 2026. However, he subsequently offered to extend his services by three additional months, up to April 30, 2026, to ensure continuity of operations during the transition. The actual cessation date recorded is April 30, 2026. The reason cited for his resignation is ongoing health concerns and doctor's advice to take an extended period of rest, making him unable to continue in the CFO role.

Likely market impact

The resignation of the CFO represents a significant change in the company's key management. Shareholders should monitor for the appointment of a new CFO, as this could temporarily affect financial oversight and reporting functions until a replacement is found.