The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pravin V Sheth
FIBERWEB · price
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Awaiting price reaction for this filing.
Pravin V. Sheth, a promoter of Fiberweb (India) Limited, purchased 1,00,000 equity shares in the open market on February 13, 2026. The acquisition raised his individual stake in the company from 5.40% (15,54,873 shares) to 5.75% (16,54,873 shares), an increase of 0.35%. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, with the company on February 16, 2026. Fiberweb's total equity share capital stands at 2,87,91,710 shares of Rs. 10 each, unchanged by this transaction.
This is a mildly positive signal — promoter buying in the open market reflects personal confidence in the company's prospects. However, the increase is small (0.35 percentage points) and unlikely to move the stock price on its own.