About Garware Technical Fibres Limited

Garware Technical Fibres Limited (GTFL), incorporated in 1976 and headquartered at Pune, is a leading manufacturer of technical textiles serving fisheries, aquaculture, shipping, sports, geosynthetics, and infrastructure applications, with manufacturing at Wai and Pune and sales in over 75 countries as per the Management Discussion and Analysis and notes to accounts approved on May 15, 2025. GTFL’s portfolio spans ropes, twine, yarn, fishnet, other nets, and technical textiles, alongside solutions for coastal protection and landfilling, supported by 28 patents and a dedicated R&D team of 22 scientists and more than 20,000 SKUs as disclosed in the MD&A “Overview of Company” section. The company is listed on BSE and NSE, operates internationally with a strong presence in domestic fisheries, shipping, international aquaculture, geosynthetics, and sports products, and markets through depots, warehouses, and contract manufacturers, with ISO 14001:2015 certification referenced in the MD&A. During FY 2024–25, GTFL incorporated Garware Technical Fibres UK Private Limited on March 14, 2025 as a wholly owned subsidiary, expanding its international footprint; this is noted in the Secretarial Audit Report. Key milestones in FY 2024–25 included a buyback of 5,25,000 equity shares on April 25, 2024 via tender offer at Rs 3,800 per share, and a 4:1 bonus issue with 7,94,12,676 shares allotted on January 6, 2025, with authorised share capital increased to Rs 120.00 crore, all per Secretarial Audit and AGM Notice materials in the Annual Report.

Garware Technical Fibres Limited Business Segment

• Consolidated revenue for FY 2024–25 was Rs 1,540.11 crore, up 16.20% year-on-year, with consolidated operating EBITDA at Rs 318.80 crore and profit before tax at Rs 308.45 crore, as per the MD&A “Consolidated Financial Performance” section; 

Garware Technical Fibres Limited Key Management

• V. R. Garware — Chairman & Managing Director, as stated in Directors’ Report and signatory blocks.

• Sunil Agarwal — Company Secretary, FCS 6407, as per AGM Notice correspondence and company information.

• Dr. Shridhar Shrikrishna Rajpathak — Non-Executive Independent Director; continuation of appointment up to November 11, 2026 approved for the remainder of his term, subject to age threshold, per Notice item.

• S. P. Kulkarni — Independent Non-Executive Director; member of CSR Committee until September 25, 2024, as disclosed in CSR Annexure.

• M. V. Garware — Non-Executive, Non-Independent Director; member, CSR Committee, as per CSR Annexure.

• Rakesh Agarwal — Partner, Mehta Chokshi Shah LLP, Statutory Auditor signatory in Independent Auditors’ Report (designation as audit partner referenced for completeness of leadership pages and governance).

Latest Updates on Garware Technical Fibres Limited

• Completed buyback of 5,25,000 equity shares of Rs 10 each on April 25, 2024 via tender offer at Rs 3,800 per share, representing 1.963% of aggregate of paid-up capital and free reserves (as per Secretarial Audit phrasing), paid in cash.

• Approved and executed a 4:1 bonus issue through postal ballot on December 21, 2024; allotted 7,94,12,676 fully paid-up shares on January 6, 2025; paid-up capital increased from Rs 19,85,31,690 to Rs 99,26,58,450; authorised share capital increased from Rs 60.00 crore to Rs 120.00 crore, as per Secretarial Audit and Notice.

• Incorporated Garware Technical Fibres UK Private Limited on March 14, 2025 as a wholly owned subsidiary in the United Kingdom to support international market development.

• Appointed SVD Associates as Secretarial Auditor for five consecutive years from FY 2025–26 to FY 2029–30, subject to member approval, as per Directors’ Report and Notice.

• Re-appointed Joshi Apte Associates as Cost Auditors with remuneration ratification for FY 2025–26 as per Notice item on cost audit.

Ranked among Top 25 India’s Best Workplaces in Manufacturing (Large), Top 50 India’s Best Workplaces Building a Culture of Innovation by All (Large), and Best Workplaces in Textile and Textile Products in 2025 Great Place to Work survey as highlighted in MD&A Human Resources section.