Garware Technical Fibres Limited has successfully concluded its postal ballot process with shareholders approving the appointment of Ms. Kirti Dharmesh Mangwani as Non-Executive Independent Director. The results were declared on January 19, 2026, following the completion of the e-voting period under Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Postal Ballot Results

The special resolution for Ms. Mangwani's appointment received overwhelming shareholder support through the remote e-voting process. The voting concluded on January 18, 2026, with results declared the following day by scrutinizer CS Sridhar Mudaliar from SVD & Associates.

Shareholder Category Breakdown

The voting pattern across different shareholder categories demonstrated strong institutional and public support for the appointment.

Director Appointment Details

Ms. Kirti Dharmesh Mangwani (DIN: 07235467) has been appointed as Non-Executive Independent Director for a term of five consecutive years, effective from November 25, 2025. Her appointment was initially made as Additional Director based on recommendations from the Nomination and Remuneration Committee.

Professional Background

Ms. Mangwani brings over three decades of 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.

E-Voting Process and Compliance

The postal ballot was conducted exclusively through electronic voting in compliance with MCA circulars and SEBI regulations, with National Securities Depository Limited (NSDL) facilitating the e-voting process. The process adhered to Section 110 of the Companies Act, 2013 and various regulatory guidelines.

Scrutinizer and Oversight

CS Sridhar Mudaliar, Partner (CP No. 2664) of SVD & Associates, Company Secretaries served as Scrutinizer to oversee the voting process. The votes were unblocked at 5:10 PM on January 18, 2026, in the presence of two independent witnesses. The results have been communicated to BSE Limited and National Stock Exchange of India Limited where the company's equity shares are listed.

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.