Garg Furnace Ltd — Others, 20-08-2025: Others

Garg Furnace Limited has submitted its annual report and announced its 52nd Annual General Meeting (AGM) to review the financial results for the past fiscal year. The company reported a 60% increase in net profit, driven by a strategic shift to a value-first, margin-focused model, and remains 100% debt-free. Key initiatives include chemistry-led product innovation and expansion into high-strength steel and self-drilling screws. The company is advancing its acquisition of a 51% stake in Vaneera Industries to gain advanced alloy steel capabilities (204,000 MT planned capacity) and commissioned a new 400 MT/year self-drilling screw plant, targeting India's ₹5,000 Cr+ fastener market.