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The company told the exchange that this is the first time that the company is going to give bonus shares. A decision on this will be taken in the board meeting of the company on November 14. The company had announced share buyback in March 2024. At the same time, the company has done a buyback 4 years ago as well.
Garware Technical Fibres Ltd- The company was started in the year 1976. The company works in the technical textiles sector. It is a large company working globally in cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes and geo-synthetics.
The promoters' stake is 53 per cent. At the same time, FIIs i.e. foreign institutional investors have been buying shares for a year. The stake was 8.58 per cent in September 2023. After this, it increased to 8.77 per cent in December 2023. It increased to 9.34 per cent in March 2024. It increased to 9.55 per cent in June 2024. It increased to 9.82 per cent in September 2024.
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