Fiberweb (India) Limited has informed the Exchange regarding Notice of Postal Ballot
FIBERWEB · price
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Fiberweb (India) Limited is seeking shareholder approval via postal ballot for the appointment of Mrs. Reena Gupta (DIN: 11516950) as a Non-Executive Non-Independent Director. She was initially appointed as an Additional Director by the Board on March 27, 2026, based on the Nomination and Remuneration Committee's recommendation. Mrs. Gupta is a B.Com graduate with international experience working at a Fortune 500 company in the United States. Importantly, she is related to existing directors—she is the spouse of Mr. Bhavesh Sheth and daughter-in-law of Mr. Pravin Sheth (Chairman). The e-voting period runs from May 18, 2026 to June 16, 2026, with the cut-off date for eligible voters being May 8, 2026. She holds no shares in the company and has attended 1 out of 1 Board meetings during FY 2025-26.
This is a routine governance matter confirming the appointment of a related party as director. Shareholders should review the family relationship with existing directors before casting their vote. If approved, it strengthens the board with an additional non-independent director.