Garware Technical Fibres has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹1 per share for the fiscal year 2025-26, supplementing an earlier interim dividend of ₹8 per share. The company also announced strategic leadership appointments, including the re-appointment of the Chairman and Managing Director and the naming of a new Chief Human Resource Officer.
Financial Performance Overview
For the fourth quarter ended March 31, 2026, Garware Technical Fibres reported a standalone revenue from operations of ₹37,147.81 lakh, compared to ₹37,492.61 lakh in the same quarter of the previous year. For the full fiscal year ended March 31, 2026, the company posted a standalone revenue of ₹1,41,898.37 lakh. The standalone net profit for the quarter stood at ₹5,481.73 lakh, with an annual net profit of ₹21,126.53 lakh.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹1.00 per share (10%) on equity shares of ₹10 each for the financial year 2025-26. This is subject to the approval of shareholders at the upcoming Annual General Meeting. This final payout is in addition to the interim dividend of ₹8.00 per share (80%) already declared during the financial year.
Strategic Leadership Appointments
The company confirmed several key leadership updates. Mr. V. R. Garware has been re-appointed as the Chairman and Managing Director for a period of five years, effective December 1, 2026. Additionally, Ms. Poonam Gupta has been appointed as the Chief Human Resource Officer and a member of the company’s senior management, effective May 20, 2026.
Corporate Developments
The Board also approved the re-appointment of Dr. Shridhar Shrikrishna Rajpathak as a Non-Executive Independent Director for a second five-year term ending November 11, 2031. Furthermore, the company highlighted a significant increase in gratuity and leave liabilities totaling ₹1,390 lakh, which has been accounted for as an ‘Exceptional Item’ in the financial results for the quarter and year ended March 31, 2026.
Source: BSE
