Garware Technical Fibres Limited has announced its 49th Annual General Meeting (AGM) to be held on Tuesday, September 8, 2026, at 10:30 am via video conferencing or Other Audio Visual Means (OAVM). The Board of Directors has recommended a final dividend of ₹1 per equity share of face value ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval.

The company previously paid an interim dividend of ₹8 per share during FY26. The total payout reflects a modest final distribution against a backdrop of challenging operating conditions, including geopolitical disruptions and raw material volatility, which led to a slight decline in consolidated revenue and profitability compared to the previous year.

Key Resolutions for Shareholder Approval

The AGM agenda includes several critical governance and operational resolutions:

• CMD Reappointment: Shareholders will vote on the reappointment of Mr. Vayu Ramesh Garware as Managing Director, designated as Chairman & Managing Director (CMD), for a five-year term effective from December 1, 2026. His remuneration is capped at 10% of the net profit from any financial year.
• Independent Directors: The meeting seeks approval for the continuation of Mr. Anil Sadashiv Wagle as an independent director beyond age 75, until January 30, 2029. It also proposes the reappointment of Dr. Shridhar Shrikrishna Rajpathak for a second five-year term as an independent director, effective November 12, 2026.
• Rotation: Ms. Mayuri Vayu Garware retires by rotation and offers herself for reappointment.
• Cost Auditors: Ratification of remuneration for M/s. Joshi Apte & Associates as cost auditors for FY27.

Financial Context and Operational Outlook

For FY26, the company reported consolidated revenue from operations of ₹15,287.9 crore, a decrease of 0.74% from ₹15,401.1 crore in FY25. Consolidated operating EBITDA stood at ₹2,697 crore, down from ₹3,188 crore in the prior year. Net profit margin was reported at 13.0%, with earnings per share at ₹20.01, compared to ₹23.32 in FY25.

The geosynthetics business emerged as a standout performer, maintaining strong execution and profitability despite broader headwinds. Conversely, the aquaculture segment faced temporary moderation due to environmental factors affecting European customers, though order flows recovered in the fourth quarter. The company highlighted improved operational discipline and supply chain capabilities as key drivers for retaining market presence.

What the Numbers Show

While revenue declined slightly, the company maintained a robust balance sheet with a debt-equity ratio of just 0.03, improving from 0.05 in FY25. This low leverage position provides financial flexibility amidst global supply chain disruptions and rising input costs. The current ratio improved to 2.74 from 1.75 in the previous year, indicating strengthened short-term liquidity primarily due to higher current investments and reduced working capital borrowings.

Meeting Logistics

The record date for determining dividend entitlement is Tuesday, September 1, 2026. The Register of Members and Share Transfer Books will remain closed from Wednesday, September 2, 2026, to Tuesday, September 8, 2026. Remote e-voting will commence on Saturday, September 5, 2026, at 9:00 am and conclude on Monday, September 7, 2026, at 5:00 pm. Members can attend the meeting through VC/OAVM facilities provided by NSDL.

Garware Technical Fibres Limited has set the record date for its final dividend payment for the financial year 2025-26 as September 1, 2026. The company informed the Bombay Stock Exchange and the National Stock Exchange that equity shareholders registered in the company’s books as on the close of business hours on this date will be entitled to receive the dividend.

The notification, issued by the Company Secretary Sunil Agarwal, cites compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication serves to formalize the eligibility criteria for investors seeking to claim the declared dividend for the current fiscal cycle.

Dividend Details

The company specified the security details and the purpose of the record date in its filing with the exchanges. The payout applies to equity shares with a face value of ₹10 each, which are fully paid up.

Investors holding shares before the record date but selling them on or after this date will not be eligible for the dividend, while those purchasing shares on or before the record date will receive the payment. The company requested acknowledgment of the communication from the exchanges.