Garware Hi-Tech Films Sets Postal Ballot Calendar for Director Appointments

Garware Hi-Tech Films has communicated the detailed calendar of events for its upcoming postal ballot process, as per its intimation dated May 16, 2026. The process follows the company's earlier letter dated May 06, 2026, and pertains to two key agenda items: the appointment of an Independent Director and the re-appointment of the Vice-Chairperson & Joint Managing Director of the company.

Postal Ballot Schedule

The company has outlined a structured timeline for the postal ballot, with the e-voting period spanning approximately four weeks. The following table details the key dates and events in the process:

Event:	Date
Cut-off date for identification of voting rights and dispatch of postal ballot notice	Tuesday, May 19, 2026
Commencement of e-voting	Monday, May 25, 2026 (09:00 a.m.)
Closure of e-voting	Tuesday, June 23, 2026 (05:00 p.m.)
Submission of Scrutinizer's report to Chairman/Board	On or before Thursday, June 25, 2026
Declaration of postal ballot results	On or before Thursday, June 25, 2026

Scrutinizer Appointment

The Board of Garware Hi-Tech Films has appointed M/s Manish Ghia & Associates, Practicing Company Secretaries, to act as the Scrutinizer for conducting the postal ballot process. The company has also noted that a copy of the postal ballot notice will be submitted separately to the exchanges.

The intimation was signed by Awaneesh Srivastava, Company Secretary (FCS 8513), on behalf of Garware Hi-Tech Films, and was addressed to both BSE Limited and the National Stock Exchange of India Ltd.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.94%	+6.82%	+39.03%	+38.52%	+31.72%	+552.85%

Garware Hi-Tech Films Limited has informed the stock exchanges that its Chief Financial Officer (CFO), Mr. Abhishek Agarwal, has tendered his resignation effective May 15, 2026. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Agarwal cited the pursuit of career opportunities outside the Company as the sole reason for his departure, confirming in his resignation letter that there is no other material reason for his exit.

Key Details of the Resignation

The following table summarises the key particulars of the resignation as disclosed by the Company:

Parameter:	Details
Name:	Mr. Abhishek Agarwal
Designation:	Chief Financial Officer (KMP)
Reason for Cessation:	Resignation to pursue career opportunities outside the Company
Date of Resignation:	May 15, 2026
Other Material Reason:	None confirmed by the resigning officer

Regulatory and Governance Implications

As a consequence of the resignation, Mr. Abhishek Agarwal will cease to be a Key Managerial Personnel (KMP) of Garware Hi-Tech Films under Section 203 and other applicable provisions of the Companies Act, 2013. He will also cease to be a member of the Company's Risk Management Committee. The resignation letter was addressed to Ms. Monika Garware, Vice-Chairperson & Joint Managing Director of the Company. The Company Secretary, Mr. Awaneesh Srivastava (FCS 8513), signed and submitted the regulatory filing on May 15, 2026.

Next Steps for the Company

Garware Hi-Tech Films has confirmed that it will make the necessary intimation to the stock exchanges upon the appointment of a new Chief Financial Officer, in accordance with applicable regulatory requirements. The Company has not disclosed a timeline or any candidate details for the CFO succession at this stage.

Summary

The resignation of Mr. Abhishek Agarwal as CFO marks a key managerial change at Garware Hi-Tech Films. His departure, effective May 15, 2026, was driven solely by the desire to explore external career opportunities, as confirmed in his resignation letter addressed to Ms. Monika Garware, Vice-Chairperson & Joint Managing Director. The Company remains compliant with its disclosure obligations under SEBI Listing Regulations and has committed to updating the exchanges on the CFO appointment process.