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Garware Marine Industries Ltd logo

Garware Marine Industries Ltd

NSE: BSE: 509563

₹24.68

(1.90%)

Fri, 13 Feb 2026, 08:08 pm

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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.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800