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Fiberweb appoints Milind Ghelani as CFO effective July 1, 2026

May 14, 2026 5 mins read Firehose Gupta

Fiberweb (India) Limited — Quarter and year ended 31 March 2026 (Standalone)

To, To,
BSE Limited National Stock Exchange of India Limited
Corporate Relations Department, Exchange Plaza,
1st Floor, New Trading Ring, Plot No. C/1, G Block,
P. J. Towers, Dalal Street, Bandra – Kurla Complex, Bandra (East),
Mumbai – 400 001. Mumbai – 400 051.
Location Details
Mumbai “KIRAN”, Ground Floor, 128, Bhaudaji Road, Matunga, Mumbai – 400019.
Phone 91 (22) 2404 4855 / 76 / 24082689 / 90
Regd. Office Airport Road, Kadaiya, Nani Daman, (U.T.) – 396210.
& Works Phone 91 (260) 222 0766/0458/1458/1858/0958
E-mail fiberweb@fiberwebindia.com
Website fiberwebindia.com
Location Address Phone
Mumbai “KIRAN”, Ground Floor, 128, Bhaudaji Road, Matunga, Mumbai – 400019. 91 (22) 2404 4855 / 76 / 24082689 / 90
Regd. Office Airport Road, Kadaiaya, Nani Daman, (U.T.) – 396210. 91 (260) 222 0766 / 0458 / 1458 / 1858 / 0958
Particulars Internal Auditors
Name of the Firm M/s. A. V. Jobanputra & Co., Chartered Accountants
Reason of change viz appointment, resignation, Removal, death or otherwise Based on the recommendation of Audit Committee, the Board of Directors have approved the appointment of M/s. A. V. Jobanputra & Co., Chartered Accountants as the Internal Auditor of the Company for FY 2026-2027.
Name of Auditor/Partner Mr. Arvind Jobanputra
Membership no; COP No / Firm Registration no Membership No: 016352; FRN: 104314W
Work Profile M/s. A. V. Jobanputra & Co has served its clients in diverse fields with a strong background in Financial Accounting and Planning, Audits, Taxation etc. The firm provides with services of Income Tax Audit, GST Audit, IT Returns Filing, Statutory Audit and Management Consultancy.
Disclosure of relationships between directors (in case of appointment of a director) Not Applicable
S. No. Details of Events that need to be provided Information of Such event(s)
a. Reason for Change viz. appointment, ~~resignation, removal, death or otherwise;~~ Mr. Milind Ghelani has been appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Fiberweb (India) Limited
b. Date of ~~Cessation~~ / Appointment (as applicable) Term of appointment Mr. Milind Ghelani is appointed as CFO and KMP of the Company by the Board of Directors at the meeting held on 14^th^ May, 2026 as per the provisions of Section 203 of the Companies Act, 2013. His appointment will be effective from 01^st^ July, 2026.
c. Brief profile (in case of Appointment) Name : Mr. Milind Ghelani
Qualification : C.A, CS, B. Com
Experience: He is dynamic Finance and Accounts leader and has over 15 years of experience in the financial services industry, with a proven track record across statutory and internal audits, assurance, governance, and compliance. Strong expertise in designing and implementing policies and SOPs, strengthening internal control frameworks, and managing accounting, taxation, due diligence, and financial planning & budgeting. Known for delivering clear risk insights and management-focused reporting.
Designation : Chief Financial Officer (CFO) and Key Managerial Personnel (KMP)
Contact no. : 9322432844
E mail ID : milind.ghelani@yahoo.co.in
d. Disclosure of Relationship between the directors (in case of appointment of director) Not Applicable
PARTICULARS (Refer Notes below) Standalone Quarter ended 31.03.2026 (Audited) Standalone Quarter ended 31.12.2025 (Unaudited) Standalone Quarter ended 30.09.2025 (Unaudited) Standalone Quarter ended 30.06.2025 (Unaudited) Standalone Quarter ended 31.03.2025 (Audited) Year Ended 31.03.2026 (Audited) Year Ended 31.03.2025 (Audited)
1 Income from Operations
a) Net Sales/Income from Operations (Net of excise duty) 972.07 2,566.21 2,026.01 2,891.89 2,676.36 8,456.17 10,129.44
b) Other operating income
Total income from operations (net) 972.07 2,566.21 2,026.01 2,891.89 2,676.36 8,456.17 10,129.44
2. Other Income 60.68 23.83 38.23 34.04 (26.18) 156.78 169.61
3. Total Income 1,032.74 2,590.04 2,064.24 2,925.93 2,650.18 8,612.95 10,299.04
4. Expenses
a) Cost of material consumed 311.32 1,630.58 1,223.86 1,536.12 1,720.30 4,701.88 5,525.20
b) Purchases of stock-in-trade
c) Changes in inventories of finished goods and work-in-process and stock-in-trade (84.89) 47.02 19.41 123.23 (184.56) 104.77 (161.70)
d) Employee benefits expenses 102.98 110.97 102.43 103.40 104.92 419.78 412.64
e) Depreciation and amortisation expense 68.87 120.25 120.25 120.25 114.24 429.62 480.99
f) Finance Cost 34.44 18.42 29.99 22.43 23.20 105.28 71.45
g) Other expenses 423.37 247.59 346.66 487.27 386.38 1,504.89 2,276.72
TOTAL EXPENSES 856.09 2,174.83 1,842.60 2,392.69 2,164.47 7,266.22 8,605.30
5. Profit / (loss) from operations before exceptional and extra ordinary items and tax 176.65 415.21 221.64 533.24 485.71 1,346.73 1,693.74
6. Exceptional items
7. Profit / (loss) from operations before extra ordinary items and tax 176.65 415.21 221.64 533.24 485.71 1,346.73 1,693.75
8. Extra ordinary item
9. Profit / (loss) from ordinary activities before tax 176.65 415.21 221.64 533.24 485.71 1,346.73 1,693.74
10. Tax expense
Current tax (48.08) 107.96 62.34 126.03 120.00 248.25 296.00
MAT Credit Entitlement 207.05 (80.76) (83.65) 42.64 (85.90)
Deferred tax (credit) /charge 169.81 (85.46) (15.00) (15.00) 54.35 (16.76)
Income-Tax of Earlier Year (0.05)
11. Net Profit/(loss) from continuing activities after tax 328.79 22.50 (33.42) 27.38 120.00 345.25 193.29
(152.14) 392.71 255.06 505.87 365.71 1,001.48 1,500.46
15. Net Profit / (Loss) for the period (152.14) 392.71 255.06 505.87 365.71 1,001.48 1,500.46
18. Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates (152.14) 392.71 255.06 505.87 365.71 1,001.48 1,500.46
19. Other Comprehensive Income
(A) (i) Items that will not be reclassified to Profit or Loss
(ii) Income tax relating to items that will not be reclassified to profit or loss
(B) (i) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will be reclassified to profit or loss
Description Col1 Col2 Col3 Col4 Col5 Col6 Col7
20. Total Comprehensive Income for the period (18 + 19) (152.14) 392.71 255.06 505.87 365.71 1,001.48 1,500.46
21. Paid-up equity share capital 2,879.17 2,879.17 2,879.17 2,879.17 2,879.17 2,879.17 2,879.17
22. Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year 15,757.24 14,755.76
23.i Earnings per share (before extraordinary items) (of `10/- each) (not annualised-on weighted average): (a) Basic (0.53) 1.36 0.89 1.76 1.69 3.48 5.21
23.i Earnings per share (before extraordinary items) (of `10/- each) (not annualised-on weighted average): (b) Diluted (0.53) 1.36 0.89 1.76 1.69 3.48 5.21
24.ii Earnings per share (after extraordinary items) (of `10/- each) (not annualised-on weighted average): (a) Basic (0.53) 1.36 0.89 1.76 1.69 3.48 5.21
24.ii Earnings per share (after extraordinary items) (of `10/- each) (not annualised-on weighted average): (b) Diluted (0.53) 1.36 0.89 1.76 1.69 3.48 5.21
Statement Of Assets & Liabilities Year Ended 31 March, 2026 (Audited) Year Ended 31 March, 2025 (Audited)
1 Non-current assets
Property, plant and equipment 14527.457 12794.122
Capital work-in-progress 0.000 82.753
Investment property 0.000 0.000
Goodwill 0.000 0.000
Other intangible assets 0.000 0.000
Intangible assets under development 0.000 0.000
Biological assets other than bearer plants 0.000 0.000
Investments accounted for using equity method 0.000 0.000
Non-current financial assets 14527.457 12876.875
Non-current investments 0.107 0.107
Trade receivables, non-current 0.000 0.000
Advances 0.000 0.000
Other non-current financial assets 0.000 0.000
Total non-current financial assets 14527.564 12876.982
Deferred tax assets (net) 113.551 167.905
Other non-current assets 70.152 70.152
Total non-current assets 14711.267 13115.039
2 Current assets
Inventories 2272.737 2419.188
Current financial asset
Current investments 0.000 0.000
Trade receivables, current 664.770 1666.651
Cash and cash equivalents 36.443 5.634
Bank balance other than cash and cash equivalents 184.330 158.371
Advances 0.000 0.000
Other current financial assets 2637.747 1860.316
Total current financial assets 3523.290 3690.972
Current tax assets (net) 0.000 0.000
Other current assets 0.000 0.000
Total current assets 5796.027 6110.160
3 Non-current assets classified as held for sale 0.000 0.000
4 Regulatory deferral account debit balances and related deferred tax Assets 0.000 0.000
Total assets 20507.294 19225.198
Equity and liabilities
1 Equity
   Equity attributable to owners of parent
     Equity share capital 2879.171 2879.171
     Other equity 15757.239 14755.757
Total equity attributable to owners of parent 18636.410 17634.928
   Non controlling interest 0.000 0.000
Total equity 18636.410 17634.928
2 Liabilities
   Non-current liabilities
     Non-current financial liabilities
       Borrowings, non-current 0.000 0.000
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