GRWRHITECHNSEGarware Hi-Tech Films LimitedMediumNeutral
Announced Wed, 6 May · 14:30 IST

Garware Hi-Tech Films Limited has informed the Exchange regarding Appointment of Ms Sonali Rajesh Mehta as Additional Director in the category of Non- Executive Independent Director of the company w.e.f. Jun 25, 2026, subject to regulation of appointment by shareholders of the Company.

Promoter Family Board EntryManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+21.5%1-day move
₹4488.00
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₹4971.10
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AI summary

The Board of Directors approved appointment of Ms. Sonali Rajesh Mehta as Additional Director in the Independent Director category for a one-year term effective June 25, 2026. She replaces Ms. Devanshi Nanavati whose second term as Independent Director ends on June 24, 2026. Ms. Sonali Mehta is a law graduate and commerce degree holder with over a decade of experience in dispute resolution, arbitration, and commercial litigation, currently serving as Associate Partner at Desai & Diwanji, Mumbai. Simultaneously, the Board also approved re-appointment of Ms. Monika Garware as Vice-Chairperson and Joint Managing Director for five years from November 01, 2026 to October 31, 2031. Ms. Monika Garware is a promoter family member, daughter of Dr. S. B. Garware. Both appointments are subject to shareholder approval.

Likely market impact

The appointment maintains board independence after Ms. Nanavati's term completion. The re-appointment of Ms. Monika Garware reinforces promoter family involvement in senior management, which may be viewed positively by some investors given her long association with the company since 1989.