Garware Technical Fibres Limited — Others, 14-11-2024: Amendment to AOA/MOA

Garware Technical Fibres Limited has announced a board meeting where it approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024. Key highlights include total income of ₹78.07 crore for the half-year and a net profit of ₹12.04 crore. Additionally, the board approved a proposal to increase the authorized share capital to ₹120 crore and a bonus issue of 7.94 crore equity shares at a ratio of 4:1. This could enhance shareholder value and reflect positively on its capital structure, potentially boosting investor sentiment regarding the company's growth strategy and operational strength.