Fiberweb (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on March 27, 2026.
FIBERWEB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fiberweb (India) Limited's board, at its meeting on March 27, 2026, accepted the resignation of Mrs. Soniya Sheth (DIN: 02658794) as Non-Executive Director, effective the close of business hours that day, citing personal and other professional commitments. The board simultaneously appointed Mrs. Reena Gupta (DIN: 11516950) as an Additional Non-Executive Director, subject to shareholder approval. Mrs. Reena Gupta is a graduate with international experience at a Fortune 500 US company, and she is the spouse of Mr. Bhavesh Sheth and daughter-in-law of Mr. Pravin Sheth, both existing directors, making this a related-party appointment. She holds no shares in the company. Three committees — Nomination & Remuneration, Sexual Harassment, and Corporate Social Responsibility — were also reconstituted, with Mrs. Reena Gupta now a member of all three.
This is a routine governance reshuffle with no change to business operations or financial outlook, though investors may note the appointment of a family-connected director. The board remains unchanged in control and no material impact on the stock is expected.