Garware Hi-Tech Films Limited has completed the mandatory newspaper publication of its postal ballot notice, ensuring compliance with SEBI listing regulations. The company formally notified both major stock exchanges about this regulatory requirement through official correspondence dated February 21, 2026.

Regulatory Compliance and Publication Details

The company published its postal ballot notice in two newspapers to meet linguistic requirements under SEBI regulations. The publications appeared in The Indian Express for English-language readers and Loksatta for Marathi-language readers. Company Secretary Awaneesh Srivastava confirmed that newspaper clippings are available on the company's website at www.garwarehitechfilms.com .

Postal Ballot Process and Timeline

The postal ballot seeks shareholder approval for a special resolution regarding the appointment of Shri Uday Vasantrao Joshi (DIN: 09753984) as a whole-time director for a three-year term from the date of assumption of office. The company has engaged National Securities Depository Limited (NSDL) to provide e-voting facilities to all members.

The remote e-voting process follows a structured timeline with specific dates for member participation. Only members whose names appear in the company's register or depository records as of the cut-off date are eligible to vote on the special resolution.

Scrutinizer Appointment and Digital Process

The Board of Directors appointed Mr. Mannish L. Ghia (Membership No. FCS: 6252 and CP No. 3531), Partner of M/S. Manish Ghia & Associates, as the scrutinizer to conduct the postal ballot process transparently. The company emphasized that no physical copies of the notice or postal ballot forms will be dispatched to members, with the entire process conducted electronically.

Members can access the complete postal ballot notice on multiple platforms including the company's website, NSDL's e-voting portal at www.evoting.nsdl.com , BSE's website at www.bseindia.com , and NSE's website at www.nseindia.com . The results will be made available on these platforms following the conclusion of the voting period.

Stock Exchange Notifications

The company sent formal notifications to both BSE Limited (Scrip Code: 500655) and National Stock Exchange of India Limited (Trading Symbol: GRWRHITECH) regarding the newspaper publications. This communication ensures transparency and keeps all stakeholders informed about the ongoing corporate governance process.

For any queries or grievances related to the e-voting process, members can contact Ms. Pallavi Mishra, Manager at NSDL, or refer to the frequently asked questions and user manual available on the NSDL e-voting website.

Garware Hi-Tech Films Limited has reported a code of conduct violation under SEBI (Prohibition of Insider Trading) Regulations, 2015, involving the immediate relative of a connected person. The company submitted the violation report to BSE and NSE on February 04, 2026, as required under regulatory compliance.

Violation Details

The violation involved Mrs. Komal Jagdish Vishwakarma, who is the immediate relative of Mr. V Sasidharan, a former employee who ceased employment with the company effective October 04, 2025. Mrs. Vishwakarma executed contra trades in the company's shares without proper authorization.

Transaction Summary

The unauthorized trading activity occurred over multiple dates in 2025, involving both purchase and sale transactions:

The company noted that transaction details were not provided by the connected person, and weekly closing prices were used for computation purposes.

Regulatory Action and Penalty

The matter was reviewed by the company's audit committee during its meeting held on January 31, 2026. Following the review, the committee imposed a penalty of Rs. 10,000 on Mrs. Vishwakarma for the code of conduct violation.

Company's Assessment

The company confirmed that the connected person acknowledged the default was inadvertent and stated in writing that the trades were not based on access to or use of any Unpublished Price Sensitive Information (UPSI). The violation was classified as an execution of contra trade by an immediate relative of a connected person, warranting the penalty under insider trading regulations.

This represents the first reported instance of such violations for the company since the last financial year, with no previous violations on record. The penalty amount has been successfully transferred to SEBI's Investor Protection and Education Fund as required under regulatory guidelines.