Garware Technical Fibres Ltd - 509557 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 read with Schedule Ill of the Securities and Exchange Board of India. (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of newspaper advertisement published in ''Business Standard'' (All India) and ''Loksatta'' (Pune) editions on Friday, 12th November, 2021. Q2FY22 Quarterly Result Announced for Garware Technical Fibres Ltd.
Highlights: Garware Technical Fibres net profit after tax increases by 17.4% in H1 FY22 H1 FY22 Highlights: Net Sales increased by 24.8% to Rs. 524.9 Cr in H1 FY22 as compared to Rs. 420.7 Cr in H1 FY21 Profit before tax increased by 17.3% to Rs. 94.2 Cr in H1 FY22 as compared to Rs. 80.3 Cr in the same period last year Net profit after tax has increased by 17.4% to Rs. 72.8 Cr in H1 FY22 as against Rs. 62.0 Cr in the corresponding period of FY21. Consolidated: Q2 FY22 Highlights: Net Sales increased by 5% to Rs. 281.8 Cr in Q2 FY22 as compared to Rs. 268.3 Cr in Q2 FY21 Profit before tax decreased by 8.4% to Rs. 52.8 Cr in Q2 FY22 as compared to Rs. 57.7 Cr in the same quarter last year Net profit after tax has decreased by 7.8% to Rs. 40.9 Cr in the quarter as against Rs. 44.3 Cr in the corresponding period of FY21 In a statement, Mr. Vayu Garware, CMD,Garware Technical Fibres Ltd. said, "We continued to move ahead on our growth trajectory in the quarter led by robust demand in International business and uptick in the International sports sector. Year on year growth is not comparable due to a spillover effect in Q2 last year from significant pending international orders that were delivered in Q2 due to the first extended March 20 lockdown. On an H1 basis, we are able to see growth in PBT of 17.3% compared to H1 FY21and growth in PBT of 21.4% from Q2 FY20. Q2 F22 has seen many challenges. Significant inflation in raw materials and commodities have taken place. We have been able to pass on a majority ofthese albeit with some months lag. However, another major hurdle has been the global supply chain disruption, which has led to an unprecedented increase in freight costs, which has affected our margins in export. In addition, the cycle time to dispatch goods to customers in many parts of the world has significantly increased due to non-availability of containers despite having the materials ready. This has resulted in an increase in inventory and corresponding reduction in sales and cash flows in Q2. The challenges of high input costs, global supply chain disruption and delays in international deliveries are continuing, however we are able to see that the situation is improving now. We confident that we would be able to deliver strong results in the later part of FY22.We have also seen a strong order in-flow during this quarter to support this expectation. In these challenging Covid-io pandemic times, the safety of our work force and support to our communities continue to be our priorities, along with delivering the business results. Our team has been working hard on these initiatives and we are all thankful that we have been able to maintain normal operations without any significant incidents. Result PDF Garware Technical Fibres Ltd - 509557 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
We enclose herewith the Press Release being issued today by the Company, for your records and display on your Notice Board. Garware Technical Fibres Ltd - 509557 - Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 read with Schedule lll of the SEBI (LODR) Regulations, 2015; we wish to inform that as per the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company at its meeting held today have resolved, a) To re-designate / appoint Dr. Shridhar Shrikrishna Rajpathak (DIN 00040387) (currently a Non-Executive Non-Independent Director) as a Non-Executive Independent Director of the Company to hold office for a term of five consecutive years with effect from 11th November, 2021 and who shall not be liable to retire by rotation, subject to approval of the Members of the Company. b) To appoint Mr. Sanjay Vasudeo Raut (DIN: 07808549) as an Additional Director (Non-Executive and Non-Independent) of the Company with effect from 11th November, 2021. The details as required under Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September, 2015 are enclosed herewith as Annexure A. Garware Technical Fibres Ltd - 509557 - Outcome Of Board Meeting Held On 11Th November, 2021 Including The Unaudited Standalone & Consolidated Financial Results For The Quarter And Half Year Ended 30Th September, 2021
We refer to our letter dated 03rd November, 2021 and inform that the Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended 30th September, 2021 were taken on record and approved by the Board of Directors of the Company at its meeting held today i.e. Thursday , 11th November, 2021. We refer to the Regulations 30 and 33 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 and accordingly enclosed herewith: a. The Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended 30th September, 2021. b. Limited Review Report on the Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended 30th September, 2021. Garware Technical Fibres Ltd - 509557 - Board Meeting Outcome for Outcome Of Board Meeting Held On 11Th November, 2021 Including The Unaudited Standalone & Consolidated Financial Results For The Quarter And Half Year Ended 30Th September, 2021
Outcome of Board Meeting held on 11th November, 2021 attached Garware Technical Fibres Ltd - 509557 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to the provisions of Regulation 39 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Share Certificate(s) mentioned in the attached file have been reported to be lost. Subject to the compliance of requirement we shall issue Duplicate Share Certificate(s) to the said Shareholder(s). Garware Technical Fibres Ltd - 509557 - Board Meeting Intimation for Considering, Approving And Taking On Record The Standalone & Consolidated Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2021
Garware Technical Fibres Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/11/2021 ,inter alia, to consider and approve and take on record the Standalone & Consolidated Unaudited Financial Results for the quarter and half year ended 30th September, 2021 Garware Technical Fibres Ltd - 509557 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to the provisions of Regulation 39 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Share Certificate(s) mentioned in the attached file have been reported to be lost. Subject to the compliance of requirement we shall issue Duplicate Share Certificate(s) to the said Shareholder(s). Garware Technical Fibres Ltd - 509557 - Statement Of Investor Complaints For The Quarter Ended September 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0110 Name of the Signatory :- Sunil AgarwalDesignation :- Company Secretary and Compliance Officer