Submission of 56th Annual Report for the Year 31st March, 2025.
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Awaiting price reaction for this filing.
Garware Synthetics Limited filed its 56th Annual Report for FY25 along with the notice for the AGM scheduled on 29th September 2025. Revenue from operations stood at Rs. 10.73 crore, marginally higher than Rs. 10.70 crore in FY24 (less than 1% growth). The company posted a loss before exceptional items of Rs. 20.98 lakh but swung to a small profit after tax of Rs. 1.30 lakh thanks to an exceptional item of Rs. 27.74 lakh. No dividend was recommended, and no amount was transferred to reserves. Several board changes occurred, including appointment of new directors Nihal Garware and Shital Kamble, appointment of a new Secretarial Auditor, and resignation of the Whole Time Director Sunder Moolya.
The company remains a very small operation with negligible revenue growth and is reliant on exceptional items to stay out of losses, which is not a strong sign for shareholders. No dividend means no income return, and weak underlying profitability suggests limited near-term upside for the stock.