Garware Technical Fibres Limited has informed the Exchange about Business Responsibility and Sustainability Report for the financial year 2024-25.
GARFIBRES · price
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Awaiting price reaction for this filing.
Garware Technical Fibres has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, submitted under SEBI LODR Regulation 34(2)(f) as part of its Annual Report. The company manufactures technical textiles (cordage, rope, twine, netting, man-made fibres), generating 98.29% of revenue from this segment, with exports contributing 60.7% of turnover across 75+ countries. Key highlights include a 36% reduction in Scope 2 GHG emissions, 54% renewable energy usage, avoidance of 12,991 MT of GHG emissions, and a Net Zero target by 2050. Paid-up capital rose sharply from ₹20.38 crore to ₹99.27 crore due to a buyback and bonus issue. The company reported turnover of ~₹1,489 crore and net worth of ~₹1,220 crore. It introduced an anti-bribery policy and human rights/equal opportunity policy effective April 1, 2025, and was re-certified as a Great Place to Work.
This is a routine regulatory compliance filing, not an event likely to move the stock. However, the ESG progress (emission cuts, renewable energy shift, recycling of 1,774 MT of plastic waste) supports the company's sustainability narrative. The large rise in paid-up capital from the buyback and bonus has structurally changed the share base, which investors should factor into per-share metrics.