White Oak Capital Management Consultants LLP has significantly reduced its stake in Garware Technical Fibres Limited , according to a recent disclosure. The asset management firm reported that its managed funds now hold 21,23,647 shares, equivalent to 2.14% of the company's paid-up share capital, following a series of disposal transactions on November 11, 2025.

Stake Reduction Details

The reduction in stake was executed through open market transactions across various funds and Separately Managed Accounts (SMAs) managed by White Oak Capital. This move represents a substantial decrease from their previous holding.

Previous Holdings and Regulatory Context

Prior to this transaction, White Oak Capital's position in Garware Technical Fibres was considerably larger:

White Oak Capital had previously disclosed a total holding of 10,65,635 shares, equivalent to 5.09% of the company's paid-up share capital, on March 10, 2021, as per Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Business Transfer Impact

The company also highlighted a significant corporate action that affected its holdings. Pursuant to a Business Transfer Agreement, there was a transfer of Portfolio Management Services (PMS) Business from White Oak Capital to WhiteOak Capital Asset Management Limited, effective April 01, 2024. This transfer resulted in a revised threshold for White Oak Capital, with their stake post-transfer of PMS business standing at 4.42%.

Regulatory Compliance

The current disclosure has been made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires investors to disclose their shareholding and voting rights when there is a change of 2% or more in their holding from the last disclosure.

Company Background

Garware Technical Fibres Limited has a total of 9,92,65,845 equity shares with a face value of Rs.10 each. The company operates in the technical textiles sector, providing solutions for various industries including fishing, aquaculture, shipping, sports, agriculture, and more.

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

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:

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.