Garware Technical Fibres Ltd

Located at the North Atlantic shoreline, OTS is a leading manufacturer of advanced synthetic cordage solutions for challenging applications in the offshore oil and gas, offshore wind, fisheries, aquaculture, lifting and towing industries. The company stated that the product portfolio of OTS would complement GTFL's existing capabilities, while opening up new geographies, customer segments, and applications for mutual growth. The acquisition is proposed to be funded through internal accruals of GTFL. The transaction is EPS accretive as well as positive for ROCE, which is in line with GTFL's focus on efficient capital allocation. Vayu Garware, chairman & managing director, GTFL, said: 'This acquisition is more than a portfolio addition-it is a strategic alignment with our mission of co-creating locally relevant and globally scalable innovations that deliver value to our customers. OTS is known for its engineering excellence and industry-leading solutions across Norway and international markets. Together, we will be able to extend their reach globally and accelerate innovation in this domain.' Garware Technical Fibres (GTFL) is a leading player in technical textiles, specialising in providing customised solutions to the cordage and infrastructure industry globally. Its products find application across fisheries, aquaculture, shipping, sports, agriculture, coated fabrics and geo-synthetics. The company's consolidated net profit rose 1.40% to Rs 71.06 crore on a 13.15% increase in revenue to Rs 432.55 crore in Q4 FY25 as compared with Q4 FY24. Powered by Capital Market - Live

Garware Technical Fibres announced that its wholly owned UK-based subsidiary, Garware Technical Fibres UK, has entered into a definitive Share Purchase Agreement (SPA) to acquire Offshore & Trawl Supply AS (OTS), a Norway-based provider of advanced synthetic cordage solutions for the offshore oil & gas, aquaculture, marine and commercial fishing industries. The acquisition marks a key milestone in GTFL's global growth journey and reinforces its commitment to delivering innovation-led, high-performance solutions to customers worldwide. Powered by Capital Market - Live

The subsidiary was officially registered with the Norwegian Register of Business Enterprises on 17 June 2025. The move marks a strategic expansion for Garware Technical Fibres, a global leader in technical textiles known for its innovative, customized solutions across sectors such as sports, fisheries, aquaculture, shipping, agriculture, coated fabrics, and geo-synthetics. The company operates state-of-the-art manufacturing facilities in Wai and Pune, with its products marketed in over 75 countries. The company said Norway is one of the company's key international markets, where it has maintained a branch office for some time. To strengthen its legal and operational presence in the region, the company has decided to transition from a branch model to a fully incorporated local entity. Therefore, the company is considering to contribute assign and transfer, all of its rights, titleand interest in and to the business alognwith all its assets and liabilities in Norway on going concern basis for an appropriate total lump-sum consideration by means of contribution to and in favor of GTF AS in exchange for fully paid up equity shares of corresponding value by GTF AS to the company. GTF AS will carry out business activities aligned with those of the parent company. An initial capital of NOK 30,000 (approximately 30,000 equity shares of NOK 1 each) has already been infused into the new entity. The company confirmed that the incorporation of GTF AS does not require any regulatory or governmental approvals and does not constitute a related party transaction. There is no promoter or promoter group interest in GTF AS beyond its status as a wholly owned subsidiary. Garware Technical Fibres is a leading player in technical textiles, specializing in providing customized solutions to its customers worldwide. Globally, the company is known for its applied innovation in the fields of sports, fisheries, aquaculture, shipping, agriculture, coated fabrics and geo-synthetics. The company's products are manufactured in state-of-the-art facilities at Wai and Pune and marketed in more than 75 countries. The company reported a 1.4% increase in consolidated net profit to Rs 71.06 crore on a 13.2% rise in revenue from operations to Rs 432.55 crore in Q4 FY25 over Q4 FY24. The counter shed 0.68% to Rs 859.65 on the BSE. Powered by Capital Market - Live

Net profit of Garware Technical Fibres rose 1.40% to Rs 71.06 crore in the quarter ended March 2025 as against Rs 70.08 crore during the previous quarter ended March 2024. Sales rose 13.15% to Rs 432.55 crore in the quarter ended March 2025 as against Rs 382.27 crore during the previous quarter ended March 2024. For the full year,net profit rose 10.12% to Rs 231.55 crore in the year ended March 2025 as against Rs 210.27 crore during the previous year ended March 2024. Sales rose 16.18% to Rs 1540.11 crore in the year ended March 2025 as against Rs 1325.61 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales432.55382.27 13 1540.111325.61 16 OPM %22.7223.90 -20.7020.49 - PBDT104.1198.23 6 336.80297.60 13 PBT96.7891.48 6 308.46271.71 14 NP71.0670.08 1 231.55210.27 10 Powered by Capital Market - Live

Garware Technical Fibres will hold a meeting of the Board of Directors of the Company on 15 May 2025.Powered by Capital Market - Live

According to an exchange filing, GTFL UK has been incorporated with the objective of engaging in the business of technical textiles. The operations of GTFL UK will align with the core business activities of the parent company. The subsidiary has been incorporated with an initial capital of '10,000, consisting of 10,000 shares valued at '1 each. The subscription was made on a cash consideration basis through the purchase of equity shares. The incorporation does not require any separate governmental or regulatory approval and does not fall under the purview of related party transactions. The promoters, promoter group, and group companies of Garware Technical Fibres have no interest in GTFL UK, except for Mr. V. R. Garware, the Chairman and Managing Director (CMD) of Garware Technical Fibres, who also serves as a director of the subsidiary. The company received the certificate of incorporation for GTFL UK on 14 March 2025. The official announcement was made on Saturday, 15 March 2025. Garware Technical Fibres is a leading player in technical textiles, specializing in providing customized solutions to its customers worldwide. Globally, the company is known for its applied innovation in the fields of sports, fisheries, aquaculture, shipping, agriculture, coated fabrics and geo-synthetics. The company's products are manufactured in state-of-the-art facilities at Wai and Pune and marketed in more than 75 countries. The company's consolidated net profit rose 10.4% to Rs 47.77 crore in Q3 FY25 as against Rs 43.27 crore posted in Q3 FY24. Reveue from operations jumped 21.2% to Rs 350.72 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Garware Technical Fibres has incorporated a Wholly Owned Subsidiary, in the name and style as Garware Technical Fibres UK, with Registrar of Companies, England and Wales. Powered by Capital Market - Live

Elgi Equipments Ltd, CRISIL Ltd, Apollo Hospitals Enterprise Ltd, Grasim Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 11 February 2025.Garware Technical Fibres Ltd recorded volume of 49279 shares by 10:48 IST on BSE, a 12.51 times surge over two-week average daily volume of 3939 shares. The stock lost 3.67% to Rs.796.15. Volumes stood at 4602 shares in the last session.Elgi Equipments Ltd witnessed volume of 49080 shares by 10:48 IST on BSE, a 7.48 times surge over two-week average daily volume of 6564 shares. The stock dropped 3.92% to Rs.526.00. Volumes stood at 2837 shares in the last session.CRISIL Ltd clocked volume of 9574 shares by 10:48 IST on BSE, a 6.32 times surge over two-week average daily volume of 1516 shares. The stock lost 4.42% to Rs.4,872.50. Volumes stood at 1316 shares in the last session.Apollo Hospitals Enterprise Ltd registered volume of 12878 shares by 10:48 IST on BSE, a 3.43 fold spurt over two-week average daily volume of 3759 shares. The stock slipped 3.86% to Rs.6,505.00. Volumes stood at 2578 shares in the last session.Grasim Industries Ltd recorded volume of 23769 shares by 10:48 IST on BSE, a 3.1 times surge over two-week average daily volume of 7662 shares. The stock gained 0.79% to Rs.2,490.20. Volumes stood at 12730 shares in the last session.Powered by Capital Market - Live

Net profit of Garware Technical Fibres rose 10.40% to Rs 47.77 crore in the quarter ended December 2024 as against Rs 43.27 crore during the previous quarter ended December 2023. Sales rose 21.20% to Rs 350.72 crore in the quarter ended December 2024 as against Rs 289.37 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales350.72289.37 21 OPM %18.4318.48 - PBDT69.2061.76 12 PBT61.9355.01 13 NP47.7743.27 10 Powered by Capital Market - Live

Garware Technical Fibres will hold a meeting of the Board of Directors of the Company on 10 February 2025.Powered by Capital Market - Live