Document Overview

This document constitutes the notice of the 41st Annual General Meeting (AGM) of Fiberweb (India) Limited along with the Integrated Annual Report for the financial year 2025-2026. The disclosure is made pursuant to Regulations 30, 34 and 53 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AGM Details

  • Date of AGM: Tuesday, September 29, 2026
  • Time: 09:00 AM
  • Venue: Hotel Ocean Inn, Plot No. 20, Devka Beach, Nani Daman (U.T.) - 396 210
  • Cut-off date for e-voting: Wednesday, September 23, 2026
  • E-voting period: Saturday, September 26, 2026 (9:00 AM) to Monday, September 28, 2026 (5:00 PM)

Business to be Transacted

Ordinary Business:

1. Adoption of audited standalone financial statements for FY 2025-2026 with reports of Board of Directors and Statutory Auditor

2. Re-appointment of Mr. Rajesh U. Shukla (DIN: 08690226) who retires by rotation

Special Business:

3. Re-appointment of Mr. Sorabh Gupta (DIN: 05124195) as Independent Director for second term (May 28, 2026 to May 27, 2031)

4. Alteration of Articles of Association to include provision for issuance of Sweat Equity Shares

5. Continuation of Mr. Pravin V. Sheth (DIN: 00138797) as Non-Executive, Non-Independent Director pursuant to Regulation 17(1A) of SEBI LODR

Financial Performance Highlights (FY 2025-2026)

  • Revenue from operations: ₹84.56 Cr (FY25: ₹101.29 Cr) - declined by 16.52%
  • Other income: ₹1.57 Cr (FY25: ₹1.70 Cr)
  • Total income: ₹86.13 Cr (FY25: ₹103.00 Cr)
  • EBITDA: ₹18.82 Cr (FY25: ₹22.46 Cr) with margin maintained at 21.85%
  • Profit before tax: ₹13.47 Cr (FY25: ₹16.94 Cr)
  • Profit after tax: ₹10.01 Cr (FY25: ₹15.00 Cr)
  • EPS: ₹3.48 (FY25: ₹5.21)
  • Net worth: ₹186.36 Cr (FY25: ₹176.35 Cr)

Balance Sheet Position (as at March 31, 2026)

  • Equity share capital: ₹28.79 Cr (unchanged)
  • Other equity: ₹157.57 Cr (FY25: ₹147.56 Cr)
  • Total assets: ₹205.07 Cr (FY25: ₹192.25 Cr)
  • Fixed assets: ₹145.27 Cr (FY25: ₹127.94 Cr)
  • Current assets: ₹57.96 Cr (FY25: ₹61.10 Cr)
  • Trade receivables: ₹6.65 Cr (significantly reduced from ₹16.67 Cr in FY25)
  • Inventories: ₹22.73 Cr (FY25: ₹24.19 Cr)
  • Total borrowings: ₹12.02 Cr (FY25: ₹8.43 Cr)

Operational Highlights

  • Manufacturing facilities certified for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018
  • 100% Export Oriented Unit exporting to USA, Europe, Australia, New Zealand, South Africa and Gulf countries
  • Product range includes spunbond and melt-blown nonwoven fabrics for hygiene, medical, agricultural, and industrial applications
  • US branch transactions: ₹1.70 Cr (2.00% of turnover)
  • Employee strength: 114 permanent employees

Management Changes

  • Mrs. Soniya P. Sheth resigned as Director effective March 27, 2026
  • Mr. Chidamber Rege completed his term as Independent Director effective September 25, 2025
  • Mrs. Reena Gupta appointed as Non-Executive Director effective March 27, 2026
  • Mr. Mukesh Pandya resigned as CFO effective April 30, 2026
  • Mr. Milind Ghelani appointed as CFO effective July 1, 2026

Corporate Social Responsibility

  • Mandated CSR expenditure: ₹15.85 lakhs
  • Actual CSR spending: ₹31.00 lakhs
  • Focus areas: Education, healthcare, and community welfare
  • Initiatives included support to Sheth Public Charitable Trust and Social Shadow Foundation

Expansion Plans

  • Original proposal for ₹165 Cr investment in nonwoven flushable products segment set aside
  • New approved project: ₹60 Cr investment for manufacture of non-woven felted products for Geo-Textile segment
  • Expected annual revenue: ₹175 Cr at projected profitability of ₹30 Cr at steady-state
  • To be funded substantially from internal accruals

Dividend

  • No dividend recommended for FY 2025-2026 to conserve resources for expansion

Other Disclosures

  • 96.18% shares held in dematerialized form
  • Related party transactions in ordinary course of business and at arm's length
  • No material changes after year-end affecting financial position
  • Company has no subsidiaries

Forward-looking Statements

The document contains cautionary statements about forward-looking information, noting that actual results could differ materially due to risks including raw material price volatility, geopolitical developments, trade policy changes, and competitive pressures.