Garware Hi-Tech Films Limited incorporated a wholly-owned subsidiary, Garware Hi Tech Global Trading FZCO, in Dubai Airport Free Zone.
The subsidiary will focus on buying and selling films, ceramic coatings, and PPF to MENA regions and exporting globally.
The company subscribed to the initial paid-up share capital of AED 2,000,000 for a 100% stake in the new entity.
This disclosure is made pursuant to SEBI Listing Regulations, fulfilling the requirement for material subsidiary incorporation.