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Garware Technical Fibres Limited ( (IN:GARFIBRES) ) just unveiled an announcement.
Garware Technical Fibres Limited has disclosed that BSE and NSE imposed fines of Rs 2,75,000 plus GST each on the company for non-compliance with Regulation 17(1) of SEBI’s Listing Obligations and Disclosure Requirements for the quarter ended December 31, 2025. The breach arose because the board temporarily had fewer than six directors and lacked a woman independent director after the completion of the second term of an incumbent independent director in August 2025.
The company attributed the delay in restoring compliance to the time taken to secure mandatory approval from the Directorate General of Civil Aviation for the appointment of a new non-executive independent director, who ultimately joined the board on November 25, 2025, bringing the board back into full compliance. Garware had sought a waiver of the fines for delayed compliance for the quarters ended September 30 and December 31, 2025, and NSE granted this waiver on February 16, 2026, meaning the fines referenced in the latest notices from BSE and NSE will not have to be paid, and the company plans to respond formally to the exchanges.
More about Garware Technical Fibres Limited
Garware Technical Fibres Limited, formerly Garware-Wall Ropes Ltd., operates in the technical textiles and fibres sector, supplying specialized fibre-based products from its base in Pune, India. Its offerings cater to industrial and commercial applications where high-performance technical fibres and related solutions are required.
Average Trading Volume: 10,258
Technical Sentiment Signal: Hold
Current Market Cap: 63.7B INR
Find detailed analytics on GARFIBRES stock on TipRanks’ Stock Analysis page.