Submission of Change in designation at AGM.
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At its 56th Annual General Meeting held on September 29, 2025, Garware Synthetics received shareholder approval for three key items. Mr. Nihal Chandrakant Garware, from the promoter Garware family and a former Managing Director of the company until 2009, was regularised as Chairman and Non-executive Non-Independent Director for a 5-year term running from July 1, 2025 to June 30, 2030. Mrs. Shital Dhammdeep Kamble, who has about 6 years of experience in finance, accounts and administration, was appointed as an Independent Director for 5 years from August 23, 2025 to August 22, 2030. SG & Associates, a Mumbai-based peer-reviewed firm of company secretaries, was appointed as Secretarial Auditor for a 5-year period covering FY2025-26 through FY2029-30. The company confirmed that none of the appointees are debarred from holding office by SEBI or any other regulator.
This is a routine governance event that reinforces promoter family control of the board, with Nihal Garware now elevated to the Chairman role. For shareholders, the regularisation of director appointments and the long-term appointment of a secretarial auditor signal compliance alignment, with no negative governance flags raised.