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 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.