Garware Technical Fibres Declares Rs. 8 Per Share Interim Dividend for FY 2025-26

Garware Technical Fibres Limited (GTFL) has announced a significant interim dividend for its shareholders, demonstrating the company's commitment to delivering value to its investors. Here are the key details of the dividend declaration:

Dividend Details

Aspect	Details
Dividend Amount	Rs. 8 per equity share
Dividend Percentage	80%
Financial Year	2025-26
Total Equity Shares	9,92,65,845
Record Date	November 14, 2025

Tax Implications for Shareholders

The company has provided comprehensive information regarding the tax deduction at source (TDS) on dividend payments. Here's a breakdown of the TDS rates for different categories of shareholders:

Shareholder Category	TDS Rate	Requirements
Resident with registered PAN	10%	PAN registered with Depositories/RTA
Resident without PAN/Invalid PAN	20%	N/A
Non-resident (FIIs/FPIs)	20% plus surcharge and cess	Subject to treaty benefits
Other Non-resident shareholders	20% or Tax Treaty Rate (whichever is lower)	Submission of required documents

Important Dates and Document Submission

Record Date: November 14, 2025
Document Submission Deadline: November 18, 2025 (5:00 PM IST)
Submission Portal: RTA portal at https://web.in.moms.mufg.com/formsreg/submission-of-form-15g-15h.html

Shareholders are advised to submit the necessary documentation through the RTA portal before the deadline to ensure appropriate tax deduction rates are applied.

Additional Information

The threshold for TDS exemption for resident individual shareholders is Rs. 10,000 per financial year, calculated at PAN level.
Non-resident shareholders can avail treaty benefits by submitting required documents, including Tax Residency Certificate and Form 10F.
The company will rely on the Income Tax portal to verify the filing status of returns for applying higher TDS rates under Section 206AB of the Income Tax Act.

Garware Technical Fibres Limited has emphasized the importance of shareholders updating their details, including PAN, address, and bank information, with their respective Depository Participants (for dematerialized shares) or the Registrar and Transfer Agent (for physical shares).

This interim dividend announcement reflects GTFL's strong financial position and its focus on shareholder returns. Investors should take note of the tax implications and ensure timely submission of required documents to optimize their dividend receipts.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.76%	-0.94%	-2.53%	-21.09%	-7.52%	+76.46%

Garware Technical Fibres Limited , a leading manufacturer of technical textiles, reported a significant decline in its financial performance for the second quarter. The company's consolidated net profit fell by 52% year-on-year, while also announcing an interim dividend.

Financial Highlights

Net Profit: Consolidated net profit for Q2 stood at Rs. 319.00 million, down from Rs. 659.00 million in the same period last year, marking a 52% decrease.
Revenue: The company's revenue declined to Rs. 3.50 billion from Rs. 4.20 billion year-on-year, representing a 16.7% decrease.
EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) fell to Rs. 484.00 million compared to Rs. 884.00 million in the previous year.
EBITDA Margin: The EBITDA margin contracted to 13.92% from 21.02% in the corresponding quarter last year.

Interim Dividend

Despite the challenging quarter, Garware Technical Fibres' Board of Directors has declared an interim dividend of Rs. 8.00 per equity share. The record date for determining the eligibility for the interim dividend is set for Friday, November 17, with the payment to be made on or before December 6.

Segment Performance

The company's financial results reveal performance across two main segments:

Segment	Revenue (Rs. crore)	Profit before interest and tax (Rs. crore)
Synthetic Cordage	2,807.45	350.69
Fibre and Industrial Products & Projects	739.70	195.36

Corporate Actions

Garware Technical Fibres has also announced several corporate actions:

Committee Reconstitution: The company has reconstituted its Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee, effective November 8.
Acquisition: On July 7, Garware Technical Fibres UK Pvt. Ltd. acquired 100% equity share capital of Offshore & Trawl System AS and Advanced Mooring System AS, both based in Norway, for a consideration of INR 10,969.54 lakh.
Bonus Shares: The company had allotted bonus shares in the ratio of 4:1 (four new shares for every one share held) on January 6, by capitalizing its General Reserve.

The financial results indicate a challenging quarter for Garware Technical Fibres, with significant declines across key financial metrics. However, the company's decision to declare an interim dividend suggests confidence in its financial stability and commitment to shareholder returns.