Garware Technical Fibres , a leading manufacturer of technical textiles, has reported a robust performance for the first quarter. The company's consolidated net profit after tax increased by 13.5% to Rs. 53.1 crore, compared to Rs. 46.8 crore in the same period last year.

Financial Highlights

• Net Sales rose by 9% to Rs. 367.2 crore, up from Rs. 336.2 crore in the corresponding quarter
• Profit before tax grew by 13.4% to Rs. 70.4 crore, compared to Rs. 62.1 crore in the previous year
• Earnings per share (EPS) stood at Rs. 5.35, marking a growth of 13.6% year-over-year

Segment Performance

The company's growth was primarily driven by its Geosynthetics business, which continues to expand exponentially. The International Fisheries segment also performed exceptionally well, with key breakthroughs in new markets and customers. Domestically, industrial product sales showed strong growth.

Management Commentary

Mr. Vayu Garware, CMD of Garware Technical Fibres, stated, "We have witnessed a top line growth of 9% during the first quarter driven primarily by the Geosynthetics business which continues to grow exponentially. International Fisheries segment has also performed very well with key breakthroughs in new markets and customers."

Challenges and Outlook

Despite the positive results, the company acknowledges potential challenges on the horizon. These include significant tariff impositions by the USA and ongoing geopolitical tensions. While Garware Technical Fibres' exports to the USA constitute only about 10% of their topline, the company is actively working to support its customers and partners in the USA and manage these temporary disruptions.

Financial Position

The company's balance sheet remains strong, with total assets of Rs. 1,81,430.42 lakhs as of June 30. The synthetic cordage segment continues to be the largest contributor to both revenue and profits.

Garware Technical Fibres has demonstrated resilience and growth in a challenging global environment. The company's focus on innovation and market expansion appears to be yielding positive results, positioning it well for future growth despite potential headwinds in international markets.

Garware Technical Fibres Ltd (GTFL) has made several important announcements regarding its upcoming 48th Annual General Meeting (AGM) and dividend distribution. The company has set key dates for shareholders and provided details on the proposed dividend payout.

AGM and Book Closure Dates

GTFL has scheduled its 48th AGM for Tuesday, September 2, 2025, at 10:30 a.m. (IST). The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), allowing shareholders to participate remotely.

In preparation for the AGM, the company has announced book closure dates from August 27, 2025, to September 2, 2025 (both days inclusive). During this period, the Register of Members and Share Transfer Book will remain closed.

Dividend Announcement

The Board of Directors has recommended a dividend of Rs 1.50 per share (15%) on 9,92,65,845 equity shares of Rs 10.00 each for the financial year 2024-25. This dividend proposal is subject to shareholder approval at the upcoming AGM.

Dividend Eligibility and Payment

Shareholders should note the following regarding dividend eligibility:

• For physical shares: Eligibility will be based on names appearing in the Register of Members as of September 2, 2025.
• For dematerialized shares: Eligibility will be determined based on the beneficial ownership records provided by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as of the close of business hours on August 26, 2025.

If approved by shareholders, the dividend will be paid on or after September 2, 2025, subject to the provisions of the Companies Act, 2013.

E-Voting Information

GTFL has also announced e-voting arrangements for the AGM:

• The company has engaged NSDL to facilitate e-voting for shareholders.
• The cut-off date for determining voting rights is Tuesday, August 26, 2025.
• Remote e-voting will be available from Saturday, August 30, 2025 (9:00 a.m. IST) to Monday, September 1, 2025 (5:00 p.m. IST).
• E-voting will also be available during the AGM.

Shareholders are encouraged to participate in the AGM through the provided virtual means and exercise their voting rights on the proposed resolutions, including the dividend declaration.

This announcement underscores Garware Technical Fibres' commitment to shareholder engagement and transparent corporate governance practices.