Garware Technical Fibres Limited has issued a postal ballot notice seeking shareholder approval for a key board appointment through electronic voting. The notice, dated November 25, 2025, was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Proposed Director Appointment

The company is seeking approval for the appointment of Ms. Kirti Dharmesh Mangwani (DIN: 07235467) as a Non-Executive Independent Director. The appointment follows her initial designation as an Additional Director on November 25, 2025, based on recommendations from the Nomination and Remuneration Committee.

Professional Background and Expertise

Ms. Mangwani brings over three decades of rich experience in graphic design, visual arts, and material innovation. She holds a Diploma in Commercial Art with specialization in Photography and Graphic Design from Sophia Polytechnic, Mumbai, and has enhanced her business skills through the Women Entrepreneurship Program at IIM Ahmedabad.

Currently, she serves as Director of EaziArt (OPC) Private Limited and holds strategic roles as Partner in Phoscalor Chemicals LLP and Designated Partner in Mangwani Fiduciary Services LLP. Her career demonstrates a blend of creativity with business acumen, particularly in marketing, advertisement, and business management.

E-Voting Process Details

The postal ballot will be conducted exclusively through electronic voting, in compliance with MCA circulars. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process.

Scrutinizer and Compliance

The company has appointed Mr. Sridhar Mudaliar, Partner (CP No. 2664) or alternatively Mrs. Meenakshi R. Deshmukh, Partner (CP No. 7893) of M/S. SVD Associates, Company Secretaries as Scrutinizer to oversee the voting process in a fair and transparent manner.

The voting results, along with the scrutinizer's report, will be published on the company's notice board at its registered office and posted on the company website. Results will also be communicated to BSE Limited and National Stock Exchange of India Limited where the company's equity shares are listed.

Shareholder Eligibility and Access

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date of December 12, 2025, and who have registered email addresses with the company or depository participants, will be eligible to participate in the e-voting process. The postal ballot notice is available on the company's website and stock exchange platforms for shareholder reference.

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.