Garware Hi-Tech Films Limited has informed the Exchange regarding Proceedings of 68th Annual General Meeting held on September 24, 2025
GRWRHITECH · price
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Awaiting price reaction for this filing.
Garware Hi-Tech Films held its 68th AGM on September 24, 2025, chaired by Vice-Chairperson and Joint MD Ms. Monika Garware in the absence of Chairman Dr. S.B. Garware. Seven business items were transacted, including adoption of FY25 audited financial statements, declaration of a final dividend, re-appointment of Ms. Monika Garware, appointment of joint statutory auditors and secretarial auditors, and a special resolution to adopt a new Memorandum of Association. In her address, the Chairperson highlighted FY25 results: consolidated revenue of ₹2,109 crore (up 26%), cash profit of ₹377 crore (up 52%), and profit after tax of ₹331 crore (up 63%), with the company remaining net debt-free. The company also announced a hike in dividend payout from 100% to 120% of par value, a new Paint Protection Film (PPF) product line, and progress on a new Thermoplastic Polyurethane (TPU) plant. Voting results and scrutiniser's report will be filed separately.
Strong FY25 earnings growth and a higher dividend payout signal healthy shareholder returns, though the actual impact will depend on the voting results and dividend record date that are yet to be announced.