Garware Hi-Tech Films Limited has informed the Exchange that Board of Directors at its meeting held on May 06, 2026, recommended Final Dividend, subject to approval of shareholders at ensuing AGM.
GRWRHITECH · price
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Garware Hi-Tech Films reported audited FY26 results with consolidated revenue of Rs. 2,120 crore (up 0.5% YoY) and PAT of Rs. 338 crore (up 2.1% YoY). Q4 saw stronger performance with PAT up 39% YoY. The Board recommended a final dividend of Rs. 12 per share (120% on Rs. 10 face value), subject to shareholder approval at the AGM. Additionally, the company approved a Rs. 191 crore investment in a new Sun Control Film lamination line at Waluj, Maharashtra. Key leadership changes include appointment of Ms. Sonali Rajesh Mehta as Independent Director and reappointment of Ms. Monika Garware as Vice-Chairperson & Joint Managing Director for 5 years from November 2026. The auditors issued unmodified opinions on both standalone and consolidated financial statements.
The dividend of Rs. 12 per share represents a continuation of shareholder returns. The Rs. 191 crore capex in SCF capacity signals growth investment in high-margin specialty films. Q4 recovery and full-year profit growth despite revenue flatness indicates improved operational efficiency.