Fiberweb India Ltd shares fall 2.8% as disclosure under SEBI takeover regulations received for Pravin V Sheth
Why did Fiberweb India Ltd shares fall today?
Fiberweb India Ltd shares fell 2.8% today, trading at ₹26.0 as of 02:53 PM on Tuesday. The decline follows a disclosure made to the stock exchange under SEBI regulations.
The disclosure pertains to Pravin V Sheth and is required under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation typically applies when an investor's shareholding crosses certain specified thresholds, indicating a significant acquisition of shares.
Such regulatory filings often signal increased activity or a change in the company's ownership structure. This news likely prompted a negative reaction from the market, leading investors to sell shares and causing the price to drop.
What does Fiberweb India Ltd do?
Fiberweb India Ltd is engaged in the manufacturing and selling of polypropylene fabrics. The company operates within a single business segment in India, which is the Textiles sector.
Its registered office is located in Mumbai.
Fiberweb India Ltd Financials
In CroresBased on the provided data, Fiberweb India Ltd's revenue showed a modest increase from ₹9.72 crore in March 2026 to ₹9.86 crore in June 2026. The company's profitability improved significantly over the same period, moving from a net loss of ₹1.52 crore in March to a net profit of ₹0.27 crore in June, indicating a clear positive trend in its bottom line.
Fiberweb India Ltd Shareholding Pattern
Promoter holding stands at 47.04% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.17% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.18%. Public shareholders hold the remaining 52.6% stake in Fiberweb India Ltd.
Fiberweb India Ltd FAQs
Q: Why did Fiberweb shares fall 2.8% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pravin V Sheth. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Fiberweb India Ltd?
As per the latest data, promoters hold 47.04% stake in Fiberweb India Ltd, while FII holding stands at 0.17%. Domestic institutional investors hold 0.18%, and public shareholders account for 52.6% of the equity.
Q: What is the current stock price of Fiberweb India Ltd?
Fiberweb India Ltd shares are currently trading at ₹26.0, recording a decline of 2.8% from the previous close.
Q: What is the market capitalization of Fiberweb India Ltd?
The company currently has a market capitalization of ₹74.86 crore, reflecting its valuation in the Indian equity market.