Garware Marine Industries News

Garware Marine Q3FY26 Results: Revenue Rises to ₹30.30 Lakhs

Garware Marine Industries reported Q3FY26 revenue of ₹30.30 lakhs, up from ₹26.99 lakhs in Q3FY25. Net profit declined to ₹4.56 lakhs from ₹6.42 lakhs year-on-year.

Garware Marine Industries Independent Director Completes Tenure

Garware Marine Industries Limited announced that Mr. Sanjay V. Chiani's second term as Independent Director concluded on October 14, 2025. Following his cessation, the company's board now consists of six directors including Chairman Mr. Aditya A. Garware, Non-Executive Director Mrs. Shefali S. Bajaj, Independent Directors Mr. Vikas D. Sadarangani, Mr. Piyush V. Patel, and Mr. Amir J. Pradhan, and Executive Director Mr. Shyamsunder V. Atre. Mr. Amir J. Pradhan was previously appointed as Non-Executive Independent Director effective August 12, 2024, with his appointment approved by members at the 47th AGM held on September 25, 2025.

Garware Marine Industries Reports Net Profit of Rs 15.44 Lakhs for Six Months Ended September 2025

Garware Marine Industries Limited reported a net profit of Rs 15.44 lakhs for the six months ended September 30, 2025, compared to Rs 31.06 lakhs in the same period last year. Total revenue from operations was Rs 26.00 lakhs for the quarter ended September 2025, down from Rs 20.38 lakhs in the previous quarter. The company's total assets stood at Rs 1,767.71 lakhs as of September 30, 2025, compared to Rs 1,947.22 lakhs in March 2025. During the six-month period, the company issued a corporate guarantee of Rs 100 crores on behalf of Global Offshore Services Ltd against a term loan of Rs 400 crores from Kotak Mahindra Bank. The company will receive guarantee commission as agreed. Basic earnings per share for continuing operations was Rs 0.26 for the six months ended September 2025.

Garware Marine Industries Appoints Amir J. Pradhan as Independent Director, Reports Quarterly Results

Garware Marine Industries Limited appointed Mr. Amir J. Pradhan as Additional Director (Non-Executive, Independent) for a five-year term from August 12, 2025 to August 13, 2030, subject to shareholder approval. Pradhan is an industrialist with over 30 years of experience across textiles, footwear, and food industries. The board also approved unaudited financial statements for the quarter ended June 30, 2025, showing revenue from operations of Rs. 26.00 lakhs compared to Rs. 40.59 lakhs in the same quarter last year. Net profit for the quarter was Rs. 5.69 lakhs versus Rs. 19.04 lakhs in the previous year quarter. The company issued a corporate guarantee of Rs. 10 crores on behalf of Global Offshore Services Ltd. against a term loan from Kotak Mahindra Bank. The Annual General Meeting is scheduled for September 25, 2025.