Garware Technical Fibres board approved buyback of up to 16.18 lakh shares at INR 680 per share for INR 110 crore aggregate.
Promoter group expressed intention not to participate, potentially increasing entitlement for public shareholders.
Record date fixed as May 20, 2026 with 15% reservation for small shareholders holding shares up to INR 2 lakh value.
Statutory auditor confirmed buyback size within permissible limits and company's solvency post-buyback.