Garware Marine Industries Ltd
NSE: BSE: 509563
₹16.50
-0.51 (3.00%)
Sun, 01 Nov 2026, 11:44 am
Market Cap (in Cr)9.51
PE Ratio58.06
Dividend0
Producer Manufacturing
Trucks/Construction/Farm Machinery
24.5KGarware Marine Industries Ltd Company History
1975
- The company was incorporated on 8th August at Mumbai.
- The Company was promoted by B.D. Garware.
- Maharashtra Rajya Machhimar Sahakari Sangh, Ltd. subscribed for preference shares of the face value of Rs. 5 lakhs.
1976
- 2,20,000 equity shares were held by promoters.
- Financial institutions subscribed for 1,00,000 equity shares.
- Maharashtra Rajya Machhimar Sahakar Sangh Ltd. held all the preference shares.
1977
- The Company commenced business activities in November.
1979
- The company was granted an industrial licence for undertaking the manufacture of expanded PVC floats.
- A letter of intent was received for the manufacture of 120 tonnes per annum of nylon monofilament.
1980
- The Company entered into a technical collaboration agreement with Bakelittfabrikken A/s of Norway.
- Pref. dividend was raised from 9.5% to 11% per annum.
- 3,20,000 bonus equity shares were issued in proportion 1:1.
1981
- The name of the Company was changed from Modern Nets, Ltd. to Garware Marine Industries, Ltd.
1982
- 10,00,000 equity shares were issued at par.
1984
- There was labour unrest and strike in the Ahmednagar factory during June-August.
- The Company issued and allotted 87,290 non-convertible debentures of Rs. 100 each to UTI.
- The Company revalued its leasehold lands, factory buildings, plant and machinery as on 1st April.
1985
- The operations at the Ahmednagar unit were adversely affected due to labour problems.
1987
- The lock-out at the net-making section at Ahmednagar was lifted from 1st August.
1991
- The Company issued 1,00,000 - 15% secured redeemable non-convertible debentures of Rs. 100 each to BOI Mutual Fund.
1992
- The Company issued 16,40,000 equity shares to shareholders as rights.
- The Company issued 82,000 shares to employees on an equitable basis.
- The Company issued 1,00,000 - 15% secured redeemable non-convertible debentures were issued in 1991 but preference shares were redeemed during this year.
1993
- 19,68,000 shares were issued as Rights shares.
1994
- The Company issued a rights issue of 14,43,200 equity shares to existing shareholders.
2009
- The Registered Office of the Company was shifted to Swapnabhoomi, 'A' Wing, S K Bole Road, Dadar (W), Mumbai - 400 028.
2011
- The Board of Directors of the Company recommended a dividend of 5%.
- Mrs. Pooja N. was appointed as the Company Secretary of the Company.
2014
- The Board of Directors of the Company approved the appointment of Mrs. Shefali S. Bajaj as an Additional Director.
- The Registered Office of the Company was shifted to 102, Buildarch Wisteria, 1st Floor, Ram Maruti Road, Dadar (W), Mumbai - 400 028.
