On recommendation of Nomination and Remuneration Committee of the Board the Board of Directors of the Company at its meeting held today i.e. 20th May 2026 has considered and approved the ....
GARFIBRES · price
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Garware Technical Fibres reported FY2026 standalone revenue of Rs 1,41,898 Lakhs (down 4.7% from Rs 1,48,868 Lakhs), with profit after tax at Rs 21,127 Lakhs (vs Rs 21,407 Lakhs). Consolidated revenue stood at Rs 1,52,879 Lakhs with PAT declining to Rs 19,867 Lakhs from Rs 23,154 Lakhs, partly due to acquisition of OTS and AMS (Norway) from July 2025. An exceptional item of Rs 1,390 Lakhs was recorded for increased gratuity/leave liability due to new Labour Codes effective November 2025. Board recommended final dividend of Rs 1 per share (10%) plus Rs 8 interim already paid, totaling Rs 9 per share. Re-appointed Mr. V. R. Garware as Chairman & MD for 5 years from December 2026 and Dr. S. S. Rajpathak as Independent Director for second term. Appointed Ms. Poonam Gupta as CHRO. Share buyback of up to 16.17 lakh shares at Rs 680 per share (Rs 11,000 Lakhs) completed with record date May 20, 2026. Auditors issued unmodified opinion.
Revenue and profit decline year-on-year, but strong cash position with cash and equivalents of Rs 9,866 Lakhs (consolidated) provides financial stability. Dividend continuity and buyback signal confidence in underlying business despite near-term earnings pressure from new labour costs and acquisition integration.