Garware Technical Fibres Limited has informed the Exchange regarding The re-appointment of Mr. V. R. Garware as Managing Director to be designated as Chairman and Managing Director of the Company, for further period of five years, effective from 1 st December 2026, subject to approval of the Members at the ensuing Annual General Meeting of the Company.
GARFIBRES · price
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Garware Technical Fibres reported audited Q4 FY26 standalone revenue of Rs 37,148 lakhs and full-year revenue of Rs 1,41,898 lakhs, down from Rs 1,48,868 lakhs in FY25. Standalone net profit for FY26 was Rs 21,127 lakhs versus Rs 21,407 lakhs in FY25. Consolidated revenue stood at Rs 1,52,879 lakhs with net profit of Rs 19,867 lakhs. The Board approved re-appointment of Mr. V. R. Garware as Chairman and Managing Director for 5 years from December 2026, subject to shareholder approval. Dr. Shridhar Rajpathak was re-appointed as Independent Director for a second 5-year term, and Ms. Poonam Gupta was appointed as Chief Human Resource Officer. A final dividend of Rs 1 per share (10%) was recommended in addition to the already declared interim dividend of Rs 8 per share. An exceptional charge of Rs 1,390 lakhs was recorded due to new labour codes.
The company shows stable profitability with leadership continuity through the MD re-appointment, positive for governance stability. Declared total dividend of Rs 9 per share provides shareholder returns despite revenue decline.