Garware Hi-Tech Films has announced key leadership changes and expansion plans that will take effect in early 2026. The company has made strategic decisions regarding its board composition and international presence.

Leadership Transition

The company has appointed Mr. Uday V. Joshi as Whole-Time Director, with his tenure beginning February 1, 2026. This appointment comes with a three-year term, providing stability to the company's leadership structure.

Board Changes

As part of the leadership transition, Mr. Mohan S. Adsul will step down from his role as Whole-Time Director on January 31, 2026. This timing ensures a seamless transition with Mr. Joshi's appointment taking effect the following day.

International Expansion

Garware Hi-Tech Films has revealed plans to establish a wholly-owned subsidiary in Dubai. This strategic move represents the company's expansion into the Middle East market, potentially opening new business opportunities in the region.

Strategic Implications

These developments reflect the company's focus on both organizational restructuring and geographical expansion. The appointment of new leadership alongside international expansion plans suggests a strategic approach to future growth and market presence.

Garware Hi-Tech Films Limited has announced a temporary shutdown of its manufacturing facilities at Waluj, Chhatrapati Sambhajinagar for planned maintenance activities. The company informed stock exchanges about the scheduled maintenance work through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Shutdown Details

The maintenance shutdown will affect multiple production lines at the company's Waluj facility with varying durations starting from December 16, 2025:

Purpose and Location

The temporary shutdown is being undertaken to carry out essential maintenance tasks to ensure efficient operations and safety at the Waluj plant facility. All affected production lines are situated at the company's Waluj facility in Chhatrapati Sambhajinagar.

Regulatory Compliance

The company has duly informed both BSE Limited and National Stock Exchange of India Limited about the planned maintenance shutdown. Garware Hi-Tech Films trades on BSE with scrip code 500655 and on NSE with the trading symbol GRWRHITECH. The notification was signed by Company Secretary Awaneesh Srivastava and submitted to ensure compliance with regulatory disclosure requirements.

The maintenance activities represent part of the company's regular operational procedures to maintain production efficiency and workplace safety standards at its manufacturing facilities.