Fiberweb (India) Limited Announces Board Decisions, Updates Expansion Plan to Rs. 50 Crores
Fiberweb (India) Limited announced significant updates regarding its financial performance, strategic direction, and key operational appointments following its Board meeting held on May 14, 2026. The Board approved the audited standalone financial results for the financial year ended March 31, 2026, while concurrently revising its expansion plan to focus on recycled materials.Financial Results and Audit Status
The Board of Directors formally approved the audited Standalone Financial Results for the year ending March 31, 2026. The company reported that the Statutory Auditors, M/s. Akshay Kirtikumar & Associates LLP, issued an audit report confirming an unmodified opinion on the financial results for both the quarter and the full financial year.Key financial performance indicators for the year ended March 31, 2026, included:
| Metric (Rs. in Lakhs) | Quarter ended 31.03.2026 | Year Ended 31.03.2026 |
|---|---|---|
| Total Income | 1,032.74 | 861,295 |
| Total Expenses | 856.09 | 7,266.22 |
| Net Profit / (Loss) for the period | (152.19) | 1,001.48 |
The Cash Flow Statement for the year ended March 31, 2026, showed the following operational summary:
| Metric (Rs. in Lakhs) | 31.03.2026 | 31.03.2025 |
|---|---|---|
| Net Profit / (Loss) before extraordinary items | 1,001.48 | 1,500.45 |
| Cash Generated from Operations | 2,066.73 | 1,261.42 |
| Net Cash Flow from Operating Activities | 1,726.80 | 1,206.88 |
| Net Cash Flow from Investing Activities | (2,074.30) | (1,653.42) |
| Net Cash Flow from Financing Activities | 404.27 | 241.30 |
| Net increase / (decrease) in Cash | 56.77 | (205.24) |
Strategic Pivot and Expansion Plan Update
In a major corporate announcement, the management reassessed its previous expansion strategy for the nonwoven flushable products segment. Previously, the company had proposed an investment of approximately Rs. 165 Crores, projecting an annual turnover of approximately Rs. 250 Crores and profitability of approximately Rs. 40 Crores.Considering prevailing market conditions, industry outlook, and changing business dynamics, the Company has revised this plan. The new strategy involves manufacturing nonwoven felted products using recycled materials. This revised project entails a proposed investment of approximately Rs. 50 Crores, with expectations of generating an estimated annual revenue/top line of approximately Rs. 175 Crores and projected profitability of approximately Rs. 30 Crores.
The management stated that this revision adopts a prudent and sustainable business approach focused on operational efficiency, cost optimization, and environmentally sustainable products.
Governance and Leadership Changes
The Board meeting also addressed several key governance appointments:- CFO Appointment: Mr. Milind Ghelani was appointed as the Chief Financial Officer (CFO) of the Company, effective from July 1, 2026. Mr. Ghelani brings over 15 years of experience in the financial services industry and holds qualifications including C. A, CS, and B. Com.
- Internal Audit: M/s. A. V. Jobanputra & Co has been approved for reappointment as the Internal Auditor for the financial year 2026-2027.
- Directorship: The Board approved the reappointment of Mr. Sorabh Gupta as an Independent Director for a second term of five years, subject to shareholder approval.
- Scrutinizer: Mr. Ritesh Sharma, Practicing Company Secretary, was appointed as the Scrutinizer for conducting the postal ballot process fairly and transparently.
- Shareholder Approval: The Board approved circulating a Postal Ballot Notice seeking shareholder approval for the appointment of a Non-Executive Director.
The Company also provided an update on the business performance, noting that its products are manufactured in a plant holding certifications for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
FIBERWEB Stock Price Movement
As of 1:52 PM, shares of Fiberweb (India) Limited are dropping by 4.98% in live trading, currently trading at ₹29.77. The stock sheds ₹1.56 per share, hitting its 52-week low, while total volume stands at 73,612 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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