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Garware Technical Fibres Limited ( (IN:GARFIBRES) ) has issued an announcement.
Garware Technical Fibres Limited has been fined by both BSE Limited and the National Stock Exchange of India for non-compliance with Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirements. The non-compliance was due to the absence of a minimum of six directors and a woman independent director on the board, following the end of Ms. Malika Sagar’s term. The delay in appointing Ms. Kirti Dharmesh Mangwani as a new independent director was caused by pending approval from the Director General of Civil Aviation. The company has since rectified the issue and is considering applying for a waiver of the fines.
More about Garware Technical Fibres Limited
Garware Technical Fibres Limited operates in the technical textiles industry, specializing in the production of high-performance fibers and ropes. The company focuses on providing innovative solutions for various sectors, including fisheries, aquaculture, shipping, and sports.
Average Trading Volume: 32,377
Technical Sentiment Signal: Hold
Current Market Cap: 69.74B INR
See more data about GARFIBRES stock on TipRanks’ Stock Analysis page.