Garware Technical Fibres Schedules Board Meeting on May 08, 2026 to Consider Equity Share Buyback Proposal

Garware Technical Fibres has informed the stock exchanges of a scheduled Board of Directors meeting on Friday, May 08, 2026, to consider and approve a proposal for the buyback of its equity shares. The intimation was filed on May 05, 2026, pursuant to Regulation 29(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The upcoming board meeting will deliberate on the buyback of equity shares of the company, along with matters incidental and ancillary thereto. Key details of the scheduled meeting are outlined below:

Parameter: Details Meeting Date: Friday, May 08, 2026 Purpose: Consider and approve equity share buyback proposal Face Value of Shares: INR 10/- each Regulatory Basis: Regulation 29(1)(b) of SEBI (LODR) Regulations, 2015

Trading Window Closure

The company has also communicated the status of its trading window in connection with both the buyback proposal and the forthcoming financial results. The trading window for designated persons of the company has been closed since Wednesday, April 1, 2026, for the purpose of consideration of audited financial results for the quarter and year ended March 31, 2026.

In accordance with applicable laws, the trading window closure has been extended to cover the buyback proposal as well. The trading window will be reopened 48 hours after the submission of the audited financial results for the quarter and year ended March 31, 2026.

Regulatory Filing

The board meeting intimation was signed by Sunil Agarwal, Company Secretary (M. No. FCS6407), on behalf of Garware Technical Fibres Limited. The communication was addressed to both BSE Limited and the National Stock Exchange of India Ltd., in compliance with applicable listing regulations.

Garware Technical Fibres Limited, formerly known as Garware-Wall Ropes Ltd., is registered at Plot No. 11, Block D-1, M.I.D.C., Chinchwad, Pune 411 019, India, with CIN: L25209MH1976PLC018939.

Garware Technical Fibres Limited has submitted its mandatory disclosure regarding borrowing framework compliance for FY 2025-26 to stock exchanges, revealing a debt-free position in long-term borrowings while maintaining strong credit ratings.

Outstanding Borrowings Position

The company reported zero outstanding long-term borrowings as of March 31, 2026. This disclosure was made pursuant to SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, along with related operational circulars from August 10, 2021, and November 26, 2018.

Parameter Details Outstanding Long-term Borrowings (March 31, 2026) NIL Borrowing Definition As per SEBI Circulars Company Classification Not a Large Corporate

Credit Rating Performance

Despite having no outstanding long-term debt, Garware Technical Fibres maintained robust credit ratings during FY 2025-26. ICRA assigned the company a Long Term AA+ rating with Stable outlook, alongside a Short Term A1+ rating, reflecting strong financial health and creditworthiness.

Rating Category Rating Agency Long Term AA+ (Stable) ICRA Short Term A1+ ICRA Rating Period FY 2025-26 -

Regulatory Compliance Status

The disclosure was signed by Company Secretary Sunil Agarwal and Chief Financial Officer Shashank Gupta on April 15, 2026. The company confirmed it does not qualify as a Large Corporate under SEBI's applicability criteria, making certain borrowing framework requirements not applicable to its operations.

Corporate Information

Garware Technical Fibres Limited, formerly known as Garware-Wall Ropes Ltd., operates with CIN L25209MH1976PLC018939. The company's registered office is located at Plot No. 11, Block D-1, M.I.D.C., Chinchwad, Pune 411 019. The disclosure indicates that provisions for paying fines to stock exchanges in case of borrowing shortfalls are not applicable given the company's current debt-free status and classification.

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