The Board of Directors of Garware Hi-Tech Films , at its meeting held on May 06, 2026, approved two key board-level appointments, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decisions were made based on the recommendation of the Nomination and Remuneration Committee and are subject to regularisation by the shareholders of the company.

Appointment of Ms. Sonali Rajesh Mehta as Independent Director

Ms. Sonali Rajesh Mehta (DIN: 11485935) has been appointed as Additional Director in the category of Non-Executive and Independent Director, effective June 25, 2026. Her appointment is for a first term of one year and is not liable to retire by rotation, subject to shareholder approval. She steps into the role in place of Ms. Devanshi Nanavati, whose second term as Independent Director concludes on June 24, 2026.

Ms. Mehta brings over a decade of legal expertise to the board. Her professional profile and key details are outlined below:

Re-appointment of Ms. Monika Garware as Vice-Chairperson and Joint Managing Director

The Board also approved the re-appointment of Ms. Monika Garware (DIN: 00143400) as Vice-Chairperson and Joint Managing Director of the Company. Her re-appointment is for a period of five years, effective November 01, 2026, to October 31, 2031, liable to retire by rotation, and is subject to shareholder approval.

The key details of Ms. Monika Garware's re-appointment are as follows:

Regulatory Compliance

Both appointments have been disclosed in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures also comply with the requirements of the Master Circular dated January 30, 2026, and the BSE and NSE circulars dated June 20, 2018. The intimation was signed by Awaneesh Srivastava, Company Secretary (FCS 8513), on behalf of Garware Hi-Tech Films Limited.

Garware Hi-Tech Films has received Board of Directors approval for the establishment of a new Lamination Line (SCF) project at its facility in Waluj, Chhatrapati Sambhaji Nagar, Maharashtra. The approval was granted at the Board meeting held on May 06, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project carries an estimated investment of ₹191 crores plus applicable taxes, with a proposed capacity addition of 1200 LSF per annum.

Project Overview

The key parameters of the newly approved lamination line project, as disclosed in the regulatory filing, are outlined below:

Capacity & Utilisation Details

As per the Annexure filed with the stock exchanges, the company's existing lamination capacity stands at 4200 LSF per annum, currently operating at optimum utilisation levels. The proposed addition of 1200 LSF per annum represents a meaningful scale-up of manufacturing infrastructure at the Waluj facility. The entire project is to be financed through internal accruals, reflecting the company's financial self-sufficiency in funding this expansion.

The approval marks a significant capital commitment by Garware Hi-Tech Films toward expanding its manufacturing capabilities at the Waluj facility. The company has stated that the expansion is aimed at catering to future growth, underscoring its focus on scaling up production infrastructure in Maharashtra.