Pravin V. Sheth has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
FIBERWEB · price
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Pravin V. Sheth, on behalf of the promoter group of Fiberweb (India) Limited, has submitted the annual disclosure under Regulation 31(4) of SEBI Takeover Regulations for FY ended 31 March 2025. The promoter group holds 1,33,39,261 equity shares representing 46.33% of the company's total shareholding. The disclosure confirms that no encumbrance (pledge or otherwise) was created on these shares during the financial year, and as on 31 March 2025, zero shares held by the promoters are encumbered or pledged. The individual promoter holdings include Bhavesh Sheth (28.65%), Gayatri Pipes and Fittings Pvt Ltd (12.23%), Pravin Vrajlal Sheth (5.40%), Soniya Pravin Sheth (0.04%), and Unnati Sheth (0.01%).
This is a routine annual compliance filing that reassures shareholders that the promoter group has clean, unencumbered holdings and has not pledged any shares. The disclosure also highlights that total promoter holding stands at 46.33%, which is below the 50% mark and closer to the creeping acquisition threshold, meaning any further purchase will attract open offer obligations under takeover regulations.