Garware Hi-Tech Films has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the Bombay Stock Exchange and National Stock Exchange. The filing, dated August 31, 2026, outlines the company's performance across environmental, social, and governance parameters for the financial year ending March 31, 2026.

The company reported a turnover of ₹19,475.6 crore and a net worth of ₹25,867.5 crore. Exports contributed 73% of total turnover, with operations spanning 28 states in India and over 90 countries globally.

Environmental Performance

Garware Hi-Tech Films recorded a significant reduction in greenhouse gas emissions during FY26. Scope 1 emissions fell 16% to 43,624.61 metric tonnes of CO2 equivalent from 51,927.91 metric tonnes in FY25. Scope 2 emissions declined 35% to 49,311.90 metric tonnes of CO2 equivalent, down from 75,722.26 metric tonnes.

The company implemented a Zero Liquid Discharge system across all facilities, resulting in zero water discharge. Total water withdrawal decreased 14% to 421,325.62 kilolitres from 490,143.46 kilolitres. Water intensity per rupee of turnover improved to 0.000024 KL/Rs from 0.000025 KL/Rs.

Social and Governance Metrics

The workforce comprised 948 employees and 1,146 workers as of March 31, 2026. Female representation among permanent employees stood at 0.98%, while the Board of Directors included 36.36% women. The company reported zero fatalities and zero lost-time injury frequency rate for both employees and workers.

Complaints received from shareholders totaled 19, all resolved promptly. Customer complaints rose to 87 from 67 in the prior year, with four pending resolution at year-end. The company maintained 100% compliance with statutory dues and reported no instances of child labour or forced labour.

What the Numbers Show

The divergence between declining Scope 1 emissions and rising SOx emissions highlights a shift in monitoring methodology rather than operational output. While Scope 1 GHG emissions dropped 16%, SOx emissions more than doubled to 121,957.80 kg from 54,728.00 kg. The company attributes this increase to improved monitoring accuracy via instrument calibration by an accredited third-party laboratory, indicating that prior reporting may have undercounted sulfur oxide outputs.

Garware Hi-Tech Films has fixed September 16, 2026, as the record date for determining shareholder eligibility for its final dividend of ₹12.00 per equity share. This declaration follows the Board of Directors' recommendation on May 6, 2026, and is subject to approval at the upcoming 69th Annual General Meeting (AGM).

The company will hold the AGM on September 23, 2026, at 11:30 am at its registered office in Naigaon, Aurangabad, Maharashtra. Shareholders on record as of September 16 will be eligible to receive the dividend, which represents a 120% payout on the face value of ₹10 per share.

Key Agenda Items

The AGM notice outlines four primary items of business for consideration by the shareholders:

• Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026.
• Declaration of the final dividend of ₹12 per equity share of face value ₹10 each.
• Re-appointment of Ms. Sonia Garware (DIN: 00135995) as a director, who retires by rotation.
• Ratification of remuneration for Cost Auditors M/s. B. R. Chandak & Co. for FY27.

Director Re-Appointment Details

Ms. Sonia Garware, who has been on the board since January 31, 2007, offers herself for re-appointment. She holds an MBA from Boston College, USA, and brings extensive experience in international sales and marketing. As of March 31, 2026, she holds 2,68,595 equity shares in the company. Her last drawn remuneration was ₹1.5 lakhs, and she attended all six board meetings held during the year.

Cost Auditor Remuneration

Shareholders will also vote to ratify the remuneration of ₹3,05,000 plus applicable taxes and out-of-pocket expenses payable to M/s. B. R. Chandak & Co. This appointment covers the audit of cost records for the financial year ending March 31, 2027.

Voting and Record Date

The company has enabled remote e-voting through National Securities Depository Limited (NSDL). The e-voting window opens on Saturday, September 19, 2026, at 9:00 am and closes on Tuesday, September 22, 2026, at 5:00 pm.

Dividend entitlement is determined based on shareholding status as of the record date:

• Physical Mode: Names appearing in the Register of Members as of September 16, 2026.
• Demat Mode: Names appearing in the list of beneficial owners furnished by depositories as of September 16, 2026.

Tax Deduction Guidelines

The company will deduct tax at source (TDS) from dividend payments in accordance with the Income Tax Act, 2025. Resident shareholders with valid PANs registered in their demat accounts will face a TDS rate of 10%. Those without valid PANs or with PANs not linked to Aadhaar will incur a higher deduction rate of 20%.

Resident individuals receiving total dividends up to ₹10,000 in FY27 may avoid TDS by submitting Form 121. Non-resident shareholders face a withholding tax rate of 20%, plus applicable surcharge and cess, unless they provide documentation to claim benefits under Double Tax Avoidance Agreements (DTAA).

Document Submission Deadline

Shareholders seeking lower or nil withholding tax rates must submit relevant certificates and declarations by September 10, 2026, at 7:00 pm. Documents submitted after this cutoff may not be accepted. Shareholders can upload forms via the company’s designated portal or contact the registrar for assistance.