Garware Technical Fibres Limited — Important, 25-06-2025: General Updates

Garware Technical Fibres has announced a board meeting to discuss the financial results for the quarter and half-year. The company is transferring its Norway branch business, including assets and liabilities, to its newly incorporated wholly owned Norwegian subsidiary, Garware Technical Fibres AS. This restructuring aims to strengthen local presence and support growing operations in the Norwegian market. The transaction, valued at NOK 1.68 million, involves share issuance by the subsidiary and is conducted at arm’s length. No change in the parent company's shareholding pattern is expected.