Garware Technical Fibres Limited has informed the Exchange regarding The re-appointment of Dr. Shridhar Shrikrishna Rajpathak DIN: 00040387, a non-executive Independent Director of the Company to hold office for a second term of five consecutive years effective from 12th November, 2026 subject to approval of the Members of the Company.
GARFIBRES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garware Technical Fibres reported FY2026 standalone revenue of Rs 1,41,898.37 Lakhs (down 4.7% YoY) and consolidated PAT of Rs 19,867.39 Lakhs (down 14.2% YoY). The Board recommended a final dividend of Rs 1 per share (10%) in addition to the Rs 8 per share (80%) interim already paid. Key board decisions include: re-appointment of Chairman & MD Mr. V.R. Garware for 5 years from Dec 1, 2026; re-appointment of Independent Director Dr. Shridhar Rajpathak for second 5-year term from Nov 12, 2026; continuation of Mr. A.S. Wagle as Independent Director beyond age 75; and appointment of Ms. Poonam Gupta as Chief Human Resource Officer. The company also announced a share buyback of up to 16,17,500 shares at Rs 680 per share (Rs 11,000 Lakhs). Labour code changes created an exceptional item of Rs 1,390 Lakhs. Results are unqualified.
The company delivered lower YoY profits despite stable operations. The approved share buyback and dividend signal confidence in financial health. The re-appointment of key leadership and continuity of board composition is broadly positive for governance stability.