Garware Technical Fibres Ltd
NSE: GARFIBRES BSE: 509557
₹642.40
(0.52%)
Mon, 09 Mar 2026, 07:15 pm
Market Cap63.7B
PE Ratio30.03
Dividend1.48
Producer Manufacturing
Miscellaneous Manufacturing
24.5KCompany History
1976
- The Company was incorporated on 1st April.
- The Company was promoted by Garware Filament Corporation Pvt. Ltd. and Wall Industries Inc., U.S.A.
- The Company entered into two agreements with Wall Industries Inc., U.S.A. in October.
1977
- The entire Rope and twine manufacturing business including building, plant and machinery of Garware Filament Corporation Pvt. Limited was acquired by the Company.
- 1,20,000 shares were taken up by Garware Filament Corpn. Pvt. Ltd., and its nominees.
- 1,20,000 shares were issued to Wall Industries, Inc. U.S.A.
- 3,60,000 shares were then issued at par of which 30,000 shares were reserved and allotted to directors, etc. and 3,30,000 shares were offered to the public during April/May 1978.
1981
- The Company received an industrial licence for expansion of its capacity from 2,324 tonnes to 4,324 tonnes per annum.
- 3,60,000 bonus equity shares were issued in proportion 3:5.
1987
- The Company's licensed capacity was re-endorsed as 5,278 tonnes per annum.
- The Company received a letter of intent for the manufacture of polypropylene multifilament yarn to the extent of 2,000 tonnes per annum.
- A R&D plant for developing indigenous technology for this was installed.
- 9,60,000 bonus shares were issued in May 1988 in proportion 1:1.
1989
- The Company received another letter of intent for the manufacture of polypropylene staple fibre to the extent of 2,000 tonnes per annum.
- The manufacturing activities of both polypropylene multifilament and polypropylene staple fibre were proposed to be carried out under a newly formed division named 'Fibre Division'.
- The company issued 2,25,000-14% Secured Redeemable Non-Convertible debentures of Rs 100 each for cash at par by way of private placements to SBI Mutual Funds.
1991
- The Company's newly formed 'Textiles Division' received the necessary approvals from the Government to manufacture terry towels/fabrics and made-ups to the extent of 4,960 TPA under the 100% export-oriented unit scheme.
- The company proposed to set up a capacity of 2000 TPA against this approval in Phase I at Taloja, near Mumbai in Maharashtra.
1993
- 28,41,800 right equity shares were allotted at a premium of Rs 50 per share in proportion 1:1.
1994
- The company proposed to enable the synthetic cordage manufacturing capacity from 12,500 tonnes to 20,800 tonnes per annum.
- The company started manufacturing fish net webbings by utilising its own twine.
- The company proposed to increase the facility to 3,600 tonnes per annum.
- The Company entered into a technical collaboration agreement with Toyo Kogyo Co. Ltd. of Japan for manufacturing fishnet webbing machines.
- The company was in the process of finalising a joint venture with a Danish company for setting up a 100% EOU for manufacturing braided twines.
1995
- 85,48,188 right shares were issued at a premium of Rs 55 per share in proportion 3:4.
- 7,962 shares were issued to NRIs on repatriation basis.
- 57,04,100 bonus equity shares were allotted in proportion 1:1.
- 20,500 equity shares were allotted at a premium of Rs 100 per share to promoters and their associates on conversion of debentures.
2000
- Garware Wall Ropes Ltd decided to acquire 51 per cent of the share capital of Subhashish Investments and Trading Co. Pvt. Ltd., a software company.
2005
- Garware-Wall Ropes recommended a dividend of 25%.
2006
- Mr. R B Garware was appointed as Whole-time Director of the company.
2007
- Garware Wall Ropes recommended dividend at 25%.
2008
- Garware Wall Ropes recommended a Dividend of 25%.
2009
- Garware Wall Ropes recommended a Dividend of Rs 2.50 per share of Rs 10/- each.
2010
- Garware Wall Ropes recommended Dividend Rs. 2.50 per share of Rs. 10/- each.
2011
- Garware Wall Ropes recommended Dividend Rs. 2.50 per share of Rs. 10/- each.
2012
- Garware Wall Ropes recommended Dividend Rs. 2.50 per share of Rs. 10/- each.
2013
- Garware Wall Ropes Ltd appointed Mr. P. N. Shah as an Additional Director (Independent) of the Company.
- Garware Wall Ropes Ltd recommended a Dividend of Rs. 2.50 per share of Rs. 10/- each.
2014
- Garware Wall Ropes Ltd recommended a Dividend of Rs. 2.70 per share of Rs. 10/- each.
2015
- Garware Wall Ropes Ltd was honoured with the 2nd Most Innovative Exporters 2015 at the ECGC D&B Indian Exporters' Excellence Awards 2015.
- Garware Wall Ropes earned the 'Best Aquaculture Cage Net Manufacturer Award' at Aqua International(AI) Awards 2015.
2017
- Garware Wall Ropes Ltd and Israel's Aero-T inked an MOU to explore mutual co-operation for manufacturing advanced Aerostats for Indian Defence.
2018
- The Company name was changed to Garware Technical Fibres Ltd. from Garware-Wall Ropes Ltd.
- Garware Technical Fibres Ltd ranked among India's Best Companies to Work.
2019
- Garware Technical Fibres was awarded with 'The Economic Times Polymers Awards 2019'.
- Garware Technical Fibres was awarded the Silver Medal in the prestigious India Green Manufacturing Challenge 2019.
2024
- The Company informed regarding 'In-principle approval from National Stock Exchange of India Limited for Bonus Issue.
- The Company BOD approved and recommended 4:1 Bonus Share.
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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