On the 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 ....
GARFIBRES · price
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Garware Technical Fibres reported audited standalone FY26 revenue of Rs 1,41,898 Lakhs, down 4.7% from Rs 1,48,868 Lakhs in FY25. Standalone PAT was Rs 21,127 Lakhs, marginally lower than Rs 21,407 Lakhs. On consolidated basis, revenue was Rs 1,52,879 Lakhs (down 0.7%) while PAT dropped 14.2% to Rs 19,867 Lakhs from Rs 23,154 Lakhs, partly due to Rs 1,390 Lakhs exceptional charge from new labour codes increasing gratuity/leave liability. The Board recommended a final dividend of Rs 1/share (10%) plus Rs 8/share interim already paid, totaling Rs 9/share. A share buyback of up to 16,17,500 shares at Rs 680/share (Rs 11,000 Lakhs) was approved with record date May 20, 2026. Key leadership reappointments include Mr. V.R. Garware as Chairman & MD and Dr. S.S. Rajpathak as Independent Director. Statutory auditors issued an unmodified (clean) opinion.
The stock saw revenue decline in both standalone and consolidated financials, with consolidated PAT falling 14.2% year-on-year due to exceptional labour code charges and weaker performance. Despite this, the company maintains strong shareholder returns through dividends and a buyback program signaling management confidence. The clean audit opinion is positive.