Garware Technical Fibres Ltd Share Price – NSE /  BSE

Textiles, Small Cap

Garware Technical Fibres will hold a meeting of the Board of Directors of the Company on 15 May 2025.

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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.

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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.

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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.

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