Garware Technical Fibres Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2026, recommended Final Dividend of Re. 1/- (10%) per equity share.
GARFIBRES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garware Technical Fibres reported FY2025-26 audited standalone revenue of Rs. 1,41,898.37 Lakhs (down 4.7% YoY from Rs. 1,48,868.01 Lakhs). Standalone profit before tax declined marginally to Rs. 27,991.31 Lakhs vs Rs. 28,562.73 Lakhs in prior year. Consolidated PAT was Rs. 19,867.39 Lakhs. The Board recommended a Final Dividend of Rs. 1 per share (10%), adding to the earlier Interim Dividend of Rs. 8 per share (80%), making total dividend for FY2025-26 at Rs. 9 per share (90%). Separately, a buyback of up to 16,17,500 equity shares at Rs. 680 per share (aggregate Rs. 11,000 Lakhs) was approved, representing 9.46% of paid-up capital and free reserves. The company also completed acquisition of 100% stake in Offshore & Trawl System AS and Advanced Mooring System AS (Norway) in July 2025.
The company delivered stable earnings despite modest revenue decline. The total dividend of Rs. 9 per share represents a strong 90% payout ratio, indicating confidence. The ongoing buyback at Rs. 680 per share offers a return mechanism for investors alongside dividends.