Garware Hi-Tech Films Ltd

Garware Hi-Tech Films Limited — Trading Window closed from October 01, 2026 till the expiry of 48 (forty-eight) hours after the declaration of the Un-Audited Standalone and Consolidated Financial Results for the quarter ending September 30, 2026.

AGM Details

• AGM held Sept 23, 2026 at 11:30 a.m. at the registered office.
• Remote e-voting and ballot voting were used; Scrutinizer appointed for vote tally.
• Voting rights set as of Sept 16, 2026 cut-off date.

Key Resolutions

• Resolution 1: Ordinary—Adoption of audited standalone and consolidated financial statements.
• Resolution 2: Ordinary—Declaration of final dividend for the year ended March 31, 2026.
• Resolution 3: Ordinary—Re-appointment of Sonia Garware, retires by rotation, eligible for re-appointment.
• Resolution 4: Ordinary—Ratification of remuneration of Cost Auditors.

Voting Results

• Resolution 1: Passed; near-unanimous support with minimal against.
• Resolution 2: Passed; near-unanimous support with minimal against.
• Resolution 3: Passed; small opposition noted.
• Resolution 4: Passed; small opposition noted.

Dividend

• Final dividend on equity shares for FY2026 declared; per-share amount not disclosed.

Director Changes

• Sonia Garware re-appointment; retires by rotation; eligible for re-appointment.

Auditors

• Remuneration of Cost Auditors ratified.

Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals reported.

Meeting Details

• Date and time: Tuesday, 29 September 2026, 10:00 am to 04:00 pm.
• Type and mode: One-on-One, in-person meeting.
• Organiser: Avendus Spark.
• Location: Platina, Bandra Kurla Complex, Mumbai.

Purpose

• Purpose: Analyst/institutional investor meeting.

AGM details

• Date, time, venue: 23 September 2026, 11:30 AM, registered office.
• Mode: physical AGM with remote e-voting and ballot voting.
• Meeting concluded around 11:55 AM.

Resolutions

• Adoption of audited standalone and consolidated financial statements for FY2026.
• Declaration of final dividend on equity shares for FY2026.
• Re-appointment of Sonia Garware as director, retiring by rotation.
• Ratification of remuneration of Cost Auditors.

Voting status

• Resolutions to be passed with requisite majority; results will be submitted later.

Dividend

• Final dividend on equity shares for FY2026.

Director changes

• Sonia Garware to be re-appointed as director.

Auditors

• Remuneration of Cost Auditors ratified.

MoU overview

• Sign MoU to collaborate on Lubrizol TPU technology in India.
• Aims to develop and manufacture TPU-based products for premium PPF and other applications.

Operational and capacity plans

• Dedicated TPU extrusion platform to support premium PPF backward integration.
• PPF capacity expansion to over 600 LSF, operational by December 2026.

Investment and efficiency

• ₹118 crore investment, with nearly 25% toward new product development and technology capabilities.
• Projected consolidated EBITDA margins to improve by 150-200 bps.

Dividend record date and entitlement

• Record date fixed for entitlement to dividend for FY ended March 31, 2026.
• Dividend amount: Rs 12 per equity share (face value Rs 10).
• Dividend payment subject to tax deduction at source.
• Record date: September 16, 2026.
• Physical shareholders: dividends payable to members as on Register of Members on Sept 16, 2026.
• Demat shareholders: dividends payable to members as on depositories' list as on Sept 16, 2026.
• Dividend approval is subject to Members' approval at the 69th AGM.
• AGM date: September 23, 2026.
• Payment will be made within the stipulated period.

Overview

• Standalone BRSR submitted for Garware Hi-Tech Films Limited for FY2025-26.
• Main activity: manufacturing of BOPET films including sun-control, lamination, and paint protection films.
• Exports represent 73% of turnover; operations span 28 states and 90+ countries.

Key ESG Risks & Opportunities

• Risk: post-consumer plastic waste disposal; mitigated via EPR with authorized agencies.
• Opportunity: sustainable raw material sourcing to improve environmental and social footprint.
• Opportunity: talent attraction and management supporting innovation and growth.
• Risk: occupational health and safety; mitigated via PDCA, HIRA, inspections and near-miss reporting.
• Risk: GHG emissions; mitigated by rooftop solar, green energy, producer gas, cleaner fuels and efficiency.

Governance & Policy Highlights

• Board oversight of ESG with a sustainability lead; quarterly/half-year reviews by Risk Management and Audit Committees.
• Policies include Anti-Bribery & Anti-Corruption, Whistle-Blower, CSR, Board Diversity, RPTs, Code of Conduct, Sustainability, Risk Management.
• Certifications: BRCGS AA Rating, India Green Manufacturing Gold, ISO 9001:2015; ISO 45001 targeted.
• CSR framework aligned with a long-term ESG roadmap and 63% emissions reduction target by FY2034-35.

Social Responsibility & Workforce

• Total employees 948 (permanent 717, others 231); total workers 1146.
• Board female representation 4 of 11; KMP female 2 of 6.
• LTIFR and fatalities: zero; monthly safety reviews and PDCA/HIRA risk management.
• Well-being spend: 0.32% of revenue; 122 induction trainings for staff in FY2025-26.
• Grievance mechanisms: open-door policy, intranet-based whistle-blower policy; CSR focuses on education, healthcare.

Environmental Performance

• Total energy: 90,956,313 MJ; renewable share via rooftop solar (50 kW), biogas and producer gas.
• GHG emissions: Scope 1 43,624.61 tCO2e; Scope 2 49,311.90 tCO2e; intensity 0.0000048 MT CO2e per turnover.
• Water: surface water 412,317 kl; groundwater 9,008.62 kl; total withdrawal 421,325.62 kl; total consumption 459,821.62 kl.
• Waste: total 37,463.97 MT; plastic 16,836.30 MT; spent solvent 1,456.59 MT; sludge 39.52 MT; biomass ash 2,856.86 MT.
• Zero Liquid Discharge (ZLD) across facilities; 120 m3/day treated and reused in cooling towers.
• LCA: cradle-to-cradle analyses for PET films, lamination and paint protection; external agency: CII.

Stakeholder Engagement & Complaints

• Stakeholders: customers, employees, shareholders, communities, regulators, media, dealers, banks, vendors.
• Engagement channels: surveys, emails, intranet, meetings; frequencies range from continuous to quarterly.
• Shareholders: SRC handles grievances; 19 complaints filed, 0 pending; Customers: 87 filed, 4 pending.
• Complaints by employees/workers: none; communities: open-door approach for concerns.

Other Notable Metrics

• Exports contribute 73% of turnover; 28 states, 90+ countries; top dealers hold ~46% of dealer sales.
• Value-chain ESG: 80% of value-chain partners assessed for health & safety; 80% for working conditions.
• Data privacy/cybersecurity: IT Security Policy; no data breaches reported; cyber risk controls in place.
• LCA and environmental disclosures conducted; 22 Green Credits generated; 120 m3/day wastewater treatment under ZLD.