Garware Technical Fibres Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹1 per share (10%) for FY 2025-26, in addition to an interim dividend of ₹8 per share (80%) already declared. The company also announced key leadership re-appointments and the appointment of a new Chief Human Resource Officer.
Financial Performance for FY 2025-26
For the financial year ended March 31, 2026, Garware Technical Fibres reported a standalone revenue from operations of ₹1,41,898.37 lakhs. The company achieved a consolidated profit after tax of ₹19,867.39 lakhs for the same period. The financial results reflect the operational performance of the group, which notably included the integration of Offshore & Trawl System AS and Advanced Mooring System AS, Norway, following their 100% acquisition in July 2025.
Dividend Recommendation
Demonstrating its commitment to shareholder value, the Board has recommended a final dividend of ₹1 per equity share with a face value of ₹10 each. This recommendation is subject to approval at the upcoming Annual General Meeting. When combined with the ₹8 per share interim dividend declared earlier in the year, the total dividend payout for FY 2025-26 underscores a robust financial year.
Leadership and Strategic Appointments
The company announced significant leadership stability and growth-oriented appointments:
- Mr. V. R. Garware has been re-appointed as Chairman and Managing Director for a further period of five years, effective December 1, 2026.
- Dr. Shridhar Shrikrishna Rajpathak has been re-appointed as a Non-Executive Independent Director for a second five-year term, effective November 12, 2026.
- Mr. A. S. Wagle will continue in his role as a Non-Executive Independent Director beyond his 75th birthday in 2027.
- Ms. Poonam Gupta has been appointed as the new Chief Human Resource Officer, effective May 20, 2026, to strengthen the company’s senior management team.
Exceptional Items and Corporate Developments
The company noted an exceptional charge of ₹1,390 lakhs incurred during the year. This resulted from an increase in gratuity and leave liabilities following changes introduced by the Government of India’s consolidated Labour Codes, which became effective from November 21, 2025. Additionally, the company is progressing with a share buy-back initiative, having set a record date of May 20, 2026, for the buy-back of up to 16,17,500 equity shares at ₹680 per share.
Source: BSE
