Garware Hi-Tech Films Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015.
GRWRHITECH · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 3.0 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On June 11, 2025, Maharashtra State GST Authorities initiated a search at Garware Hi-Tech Films' office/factory location under Section 67 of the MGST Act, 2017. The company is fully cooperating and providing data as requested. Management has stated that the search does not impact normal operations, including production and dispatches. No details of any alleged violations or financial impact have been disclosed in the filing.
Short-term sentiment may be mildly negative due to the tax raid, but the company has reassured that operations remain unaffected. Investors should watch for further updates on whether any tax demand or penalty arises from the search.