Garware Technical Fibres Limited — Important, 23-11-2024: General Updates

Garware Technical Fibres Limited has received a warning letter from the National Stock Exchange of India due to non-compliance regarding the disclosure of PAN information in related party transactions for the half-year ending September 2024. The letter emphasizes that the disclosure of PANs is not permitted in any announcements or public documents submitted to the Exchange. While the violation is viewed seriously, the company has reported no financial or operational impact from this issue. It’s crucial for Garware to exercise caution and implement corrective measures to prevent future occurrences, as any similar infractions could lead to further actions by the Exchange. Investors should watch closely for the company's response and adherence to compliance regulations in the future.