Garware Marine Industries Ltd

Independent Director Appointment

• Appointment of Hasan A. Bhinderwala as Independent Director (Additional Director).
• Effective from 12 August 2026 for a five-year term to 11 August 2031.
• Subject to shareholders' approval at ensuing AGM.
• Designation: Non-Executive Independent; not liable to retire by rotation during term.
• Profile: 22+ years in manufacturing, distribution, expansion, and industrial safety netting.
• Not related to any Directors or KMPs.
• Not debarred by SEBI or other authorities.
• Board remains compliant with Companies Act 2013 and SEBI Regulations.
• No other listed entity directorships.

Financial results

• Approved unaudited standalone financial results for the quarter ended 30 June 2026.

Governance disclosures

• Secretarial Audit Report for FY 2025-26 taken on record.
• Draft Directors Report for FY 2025-26 including Corporate Governance and MD&A approved.

Board appointments

• Hasan A. Bhinderwala appointed Additional Independent Director for five years from 12 Aug 2026, subject to approval.

Meetings & notices

• Draft Notice for 48th AGM on 23 September 2026 via video conferencing approved.

Regulatory/Compliance

• Intimation under Reg 30 re Hasan Bhinderwala appointment.

Trading Window

• Trading window closed from 01 July 2026 under SEBI PIT regulations and company code.
• Reopens 48 hours after board approves the unaudited results for quarter ended 30 June 2026.
• Board meeting date to approve results will be intimated later.

Financial Performance 📊

• Q3 FY26 standalone revenue from operations was Rs 30.30 lakhs, up from Rs 26.99 lakhs YoY.
• Q3 FY26 total income stood at Rs 31.57 lakhs versus Rs 27.09 lakhs in Q3 FY25.
• Q3 FY26 profit before tax was Rs 4.89 lakhs, down from Rs 9.62 lakhs in Q3 FY25.
• Q3 FY26 net profit was Rs 4.56 lakhs compared to Rs 5.30 lakhs in Q3 FY25.
• Nine months ended Dec 31, 2025 revenue from operations was Rs 82.25 lakhs, up from Rs 76.97 lakhs YoY.
• Nine months PAT was Rs 32.63 lakhs versus Rs 19.56 lakhs in prior year period.

Expenses & Margins

• Q3 FY26 total expenses increased to Rs 26.68 lakhs from Rs 17.60 lakhs in Q3 FY25.
• Employee benefit expense for Q3 FY26 was Rs 9.29 lakhs, up from Rs 8.35 lakhs YoY.
• Other expenses rose to Rs 17.32 lakhs in Q3 FY26 from Rs 10.54 lakhs in Q3 FY25.
• Finance costs were negligible at Rs 0.01 lakhs in Q3 FY26.
• Depreciation expense was Rs 0.06 lakhs in Q3 FY26, stable YoY.

Earnings Per Share & Other Income

• Basic and diluted EPS for Q3 FY26 were Rs 0.08 each.
• Total comprehensive income for Q3 FY26 was a loss of Rs 13.414 lakhs due to OCI losses.

Corporate Actions & Compliance

• Board approved unaudited standalone financial results for Q3 and nine months ended Dec 31, 2025.
• Statutory auditors issued a limited review report with no material misstatements.
• New Indian Labour Codes effective Nov 21, 2025 had no material impact on gratuity liability.

Financial Performance 📊

• Approved unaudited standalone financial results for quarter and nine months ended 31 December 2025.
• Total income for nine months ended 31 Dec 2025 was Rs. 85.22 lakhs; profit before tax Rs. 38.68 lakhs.
• Net profit for nine months ended 31 Dec 2025 was Rs. 32.63 lakhs.
• Total comprehensive income for nine months ended 31 Dec 2025 was Rs. 357.81 lakhs.
• Earnings per share (basic) for nine months ended 31 Dec 2025 was Rs. 0.34.
• No exceptional items reported for the period.

Governance & Compliance ⚠️

• Statutory auditors issued a limited review report with no material misstatement or qualification.
• Government's new labour codes effective 21 Nov 2025 have no material impact on gratuity liability.

Capital Structure

• Paid-up equity share capital remained Rs. 576.62 lakhs with face value Rs. 10 per share.