Garware Hi-Tech Films Limited , a leading manufacturer of specialty films, has announced the commencement of production at its new Paint Protection Film (PPF) manufacturing line in Waluj, Maharashtra. This strategic expansion marks a significant milestone for the company in its pursuit of growth and innovation in the specialty films segment.

Investment and Capacity

The new PPF manufacturing line represents an investment of ₹125.00 crores, demonstrating Garware Hi-Tech Films' commitment to expanding its production capabilities. With an annual production capacity of 300 LSF (Linear Square Feet), this facility is poised to meet the growing demand for high-quality paint protection films in both domestic and international markets.

Strategic Location

Situated in Waluj, Chhatrapati Sambhaji Nagar (formerly Aurangabad), Maharashtra, the new manufacturing line is strategically positioned to leverage the region's industrial infrastructure and skilled workforce. This location aligns with the company's vision of 'Made in India for the World,' supporting its global market presence.

Timely Execution

According to the company's LODR (Listing Obligations and Disclosure Requirements) filing, the new PPF line commenced commercial production on September 24, 2025, in line with the scheduled plan. This timely execution reflects Garware Hi-Tech Films' operational efficiency and project management capabilities.

Market Implications

The addition of this new PPF manufacturing line is expected to strengthen Garware Hi-Tech Films' position in the automotive and surface protection markets. Paint Protection Films are increasingly in demand, particularly in the premium automotive sector, including the rapidly expanding electric vehicle segment.

Company's Growth Trajectory

This expansion aligns with Garware Hi-Tech Films' broader strategy of innovation and capacity enhancement. In her address at the company's 68th Annual General Meeting, Vice Chairperson and Joint Managing Director Monika Garware highlighted the company's focus on backward integration and product innovation as key drivers of growth.

Financial Performance

The company has reported strong financial results, with consolidated revenue increasing by 26% to ₹2,109.00 crores and profit after tax soaring by 63% to ₹331.00 crores in the previous fiscal year. This robust financial performance has enabled the company to invest in capacity expansion while maintaining a net debt-free status.

Future Outlook

With the new PPF line operational, Garware Hi-Tech Films is well-positioned to capitalize on the growing demand for surface protection solutions. The company's continued focus on innovation, supported by its strong intellectual property portfolio of over 168 registered trademarks globally and ten patents, suggests a promising outlook for future growth and market leadership in the specialty films industry.

As Garware Hi-Tech Films continues to expand its manufacturing capabilities, the company remains committed to sustainable practices and delivering value to its shareholders, as evidenced by its increased dividend payout of 120% of par value for the year.

Garware Hi-Tech Films Limited , a leading manufacturer of specialty films, held its 68th Annual General Meeting (AGM) on September 24, 2025, where the company reported exceptional financial results for the fiscal year 2025 and announced key strategic developments.

Financial Highlights

The company achieved record-breaking results for FY25, demonstrating strong growth across key financial metrics:

Garware Hi-Tech Films maintained its net debt-free status, showcasing a robust balance sheet that positions the company well for future growth and investments in innovation.

Dividend Increase

The company announced an increase in dividend payout, raising it to 120% of par value from the previous 100%, reflecting its strong financial performance and confidence in future prospects.

Strategic Developments and Expansion

The AGM highlighted several key developments and expansion initiatives:

• New Paint Protection Film Line: Launched on the day of the AGM to meet growing demand.
• GAS Distributor Network Expansion: Expanded to over 250 distributors, enhancing market reach.
• Thermoplastic Polyurethane Plant: Investment in a new plant for backward integration, expected to improve operational efficiencies and drive product innovation.
• Garware Home Solutions: Pilot project launched in key Indian cities, aiming to provide end-to-end solutions for residential consumers.

Awards and Recognition

Garware Hi-Tech Films received several accolades during the year, including:

• Recognition as a top 50 innovative company by the Confederation of Indian Industry (CII)
• Inclusion in Dun & Bradstreet's "India's Top 500 Value Creators of 2024"
• Featured in CII and Grant Thornton's list of fastest-growing Indian-owned companies in the UK
• Gold Award in the "India Green Manufacturing Challenge (IGMC) 2025"
• Green Pro Certification from the India Green Building Council (IGBC)

Future Outlook

Ms. Monika Garware, Vice-Chairperson and Joint Managing Director, who chaired the AGM, expressed optimism about the company's future. She highlighted the untapped potential in the Indian market for sun control films and paint protection films, particularly in the growing electric vehicle segment.

Corporate Governance and Shareholder Approvals

The AGM saw shareholders approve key business items, including:

1. Adoption of audited financial statements
2. Declaration of the final dividend
3. Re-appointment of directors
4. Appointment of joint statutory auditors and secretarial auditors
5. Ratification of cost auditors' remuneration
6. Adoption of a new set of Memorandum of Association

All proposed resolutions are expected to pass with the requisite majority, reflecting strong shareholder support for the company's direction and governance.

Garware Hi-Tech Films Limited continues to demonstrate its commitment to innovation, sustainability, and shareholder value, positioning itself as a leader in the specialty films industry both in India and globally.