Garware Technical Fibres Ltd has received a caution letter from BSE Limited regarding erroneous details in its XBRL filing of the Annual Secretarial Compliance Report for FY 2023-24. The regulatory action was communicated to the company on December 30, 2025, highlighting discrepancies in compliance reporting.

Nature of Regulatory Action

The BSE identified incorrect details related to the applicability of SEBI regulations in the company's XBRL filing. The specific violation pertained to erroneous information regarding the SEBI (Prohibition of Insider Trading) Regulations in the Annual Secretarial Compliance Report for FY 2023-24.

Compliance Discrepancies

BSE observed that Garware Technical Fibres had submitted incorrect details concerning the applicability of multiple SEBI regulations, including:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations
• SEBI (Prohibition of Insider Trading) Regulations
• SEBI (Substantial Acquisition of Shares and Takeovers) Regulations

The exchange noted discrepancies between the reporting made by the company and the actual regulatory requirements under these frameworks.

BSE Advisory and Future Compliance

BSE Limited has advised Garware Technical Fibres to exercise greater caution in future filings and implement due diligence measures. The exchange emphasized the need for corrective steps to avoid recurrence of such compliance lapses and ensure adherence to applicable provisions of SEBI LODR and related SEBI circulars.

Impact Assessment

The company has reported that this regulatory action will have no impact on its financial, operational, or other business activities. The caution letter appears to be a procedural matter focused on improving compliance standards rather than imposing financial penalties or operational restrictions.

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.