A meeting of the Board of Directors of Garware Synthetics Limited was held on August 6, 2026, at the company's registered office. The meeting commenced at 2:30 PM and concluded at 3:30 PM.

Key Outcomes Approved by the Board:

1. Approval of Financial Results: The Board considered and approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026 (Q1 FY27). These results were reviewed by the Audit Committee and have been subjected to a limited review by the statutory auditors, Jayesh Dadia & Associates LLP.

2. Appointment of Key Managerial Personnel: The Board appointed Mr. Anil G. Mehta (Membership No. F1572) as the Company Secretary and Compliance Officer of the company, effective from August 6, 2026.

Detailed Financial Results (Standalone, in ₹ Lakhs):

The financial results present a comparison for the current quarter (Q1 FY27), the previous quarter (Q4 FY26), and the corresponding quarter of the previous year (Q1 FY26).

Income:

  • Revenue from operations: ₹168.15 (Q1 FY27) vs. ₹240.87 (Q4 FY26) vs. ₹260.30 (Q1 FY26)
  • Other Income: ₹0.30 (Q1 FY27) vs. ₹0.52 (Q4 FY26) vs. ₹0.24 (Q1 FY26)
  • Total Revenue: ₹168.45 (Q1 FY27) vs. ₹241.39 (Q4 FY26) vs. ₹260.54 (Q1 FY26)

Expenses:

  • Cost of materials consumed: ₹118.52 (Q1 FY27) vs. ₹114.84 (Q4 FY26) vs. ₹129.94 (Q1 FY26)
  • Purchases of stock-in-trade: ₹4.26 (Q1 FY27) vs. ₹0.00 (Q4 FY26) vs. ₹1.45 (Q1 FY26)
  • Changes in inventories: ₹-46.99 (Q1 FY27) vs. ₹-6.98 (Q4 FY26) vs. ₹3.79 (Q1 FY26)
  • Employee benefit expenses: ₹54.12 (Q1 FY27) vs. ₹69.46 (Q4 FY26) vs. ₹54.94 (Q1 FY26)
  • Finance costs: ₹6.40 (Q1 FY27) vs. ₹2.29 (Q4 FY26) vs. ₹3.34 (Q1 FY26)
  • Depreciation and amortization expenses: ₹15.21 (Q1 FY27) vs. ₹10.64 (Q4 FY26) vs. ₹11.02 (Q1 FY26)
  • Other expenses: ₹48.89 (Q1 FY27) vs. ₹55.90 (Q4 FY26) vs. ₹36.63 (Q1 FY26)
  • Fair value changes on lease: ₹-13.16 (Q1 FY27) vs. ₹0.04 (Q4 FY26) vs. ₹0.00 (Q1 FY26)
  • Total Expenses: ₹248.57 (Q1 FY27) vs. ₹175.00 (Q4 FY26) vs. ₹251.00 (Q1 FY26)

Profit/(Loss):

  • Profit before tax: ₹-6.55 (Loss, Q1 FY27) vs. ₹11.97 (Profit, Q4 FY26) vs. ₹-9.61 (Loss, Q1 FY26)
  • Tax expenses:
  • Current tax: ₹0.00 (Q1 FY27) vs. ₹0.00 (Q4 FY26) vs. ₹1.30 (Q1 FY26)
  • Deferred tax: ₹0.00 (Q1 FY27) vs. ₹-1.50 (Q4 FY26) vs. ₹0.00 (Q1 FY26)
  • Profit/(Loss) for the period: ₹-6.55 (Loss, Q1 FY27) vs. ₹11.97 (Profit, Q4 FY26) vs. ₹-9.41 (Loss, Q1 FY26)
  • Total Comprehensive Income: ₹-6.55 (Q1 FY27) vs. ₹11.97 (Q4 FY26) vs. ₹-2.24 (Q1 FY26)

Paid-up Equity Share Capital:

  • Remained unchanged at ₹580.89 lakh (Face value of ₹10/- each).

Profile of the New Company Secretary:

Mr. Anil G. Mehta is a commerce and law graduate, a fellow member of the Institute of Company Secretaries of India (ICSI), and a member of the All India Management Association (AIMA). His appointment is not as a director. He has over 35 years of experience in investment banking, private banking, family office setup, corporate and project finance, and corporate legal matters across India, Mauritius, UK, UAE, Southeast Asia, and Singapore. His experience includes advising on approximately seventy IPOs in India, fund-raising from European markets via Luxembourg listings, M&A, cross-border acquisitions, and dealing with private equity, statutory authorities, investment bankers, and financial institutions globally.

Notes to the Financial Results:

1. The company's business activity falls within a single primary business segment: Nylon Bristles, Rods & Tubes.

2. Figures for previous periods have been regrouped/reclassified where necessary for accurate comparison.