Garware Synthetics reported a net profit of ₹36.22 lakh for FY26, a significant improvement from the ₹1.30 lakh profit recorded in FY25. The company has scheduled its 57th Annual General Meeting for September 30, 2026, to adopt these audited financial results and address a special resolution regarding executive compensation.

The meeting will be conducted via video conferencing or other audio-visual means in compliance with Ministry of Corporate Affairs circulars. Shareholders can participate remotely through the CDSL e-voting platform.

Financial Performance

Revenue from operations stood at ₹1,033.92 lakh in FY26, down slightly from ₹1,072.99 lakh in the previous year. However, operational efficiency improvements contributed to a marked rise in profitability. Profit before tax increased to ₹41.62 lakh from ₹6.76 lakh in FY25. The Board did not recommend any dividend for the year, aiming to strengthen the financial position for future growth.

Agenda Highlights

The ordinary business includes considering and adopting the Audited Balance Sheet as at March 31, 2026, and the Statement of Profit and Loss for the year ended on that date. Additionally, members will appoint Deepak Pandurang Kamble as a director in place of his retirement by rotation.

Remuneration Revision

The special business item seeks member approval to increase the monthly remuneration of Mr. Nihal Garware, Non-Executive Director and Chairman. The proposed revision raises his salary from ₹1,00,000 to ₹2,50,000 per month.

The Board approved this proposal on August 26, 2026, based on recommendations from the Nomination and Remuneration Committee and Audit Committee. The decision aims to align compensation with industry benchmarks and the Chairman's level of involvement.

Mr. Garware’s tenure runs from July 1, 2025, to June 30, 2030. He will also receive a Chairman’s office and reimbursement for expenses such as car, mobile, and telephone usage as per company policy.

Voting Details

Remote e-voting will be available from September 27, 2026, at 9:00 am until September 29, 2026. The record date for determining eligibility is September 23, 2026. Individual shareholders holding shares in demat mode can vote through their depository accounts with CDSL or NSDL.

Physical shareholders and non-individual entities must use the CDSL e-voting system at www.evotingindia.com . The facility allows up to 1,000 members to join the virtual meeting on a first-come, first-served basis, excluding large shareholders holding 2% or more.

Garware Synthetics has approved the notice for its 57th Annual General Meeting (AGM), scheduled to be held on September 30, 2026. The company’s Board of Directors convened on August 24, 2026, to finalize the agenda and logistical details for the shareholder meeting.

The AGM will be conducted via Video Conference or Other Audio-Visual Means (OAVM). Shareholders will be eligible to participate if they are on the register as of the cut-off date of September 23, 2026. The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026, inclusive.

E-Voting and Scrutinizer Appointment

The board approved an e-voting facility for shareholders, which will be active from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. This window allows shareholders to cast their votes remotely prior to the virtual meeting.

Mr. Suhas Ganpule, proprietor of M/s. SG & Associates, was appointed as the scrutinizer for the 57th AGM. The firm is a peer-reviewed corporate law advisory practice based in Mumbai.

Other Board Approvals

In addition to the AGM logistics, the board considered and approved the following items:

• Remuneration payable to Mr. Nihal Garware, Non-Executive Director and Chairman, subject to member approval.
• The Directors’ Report for the financial year ended March 31, 2026.