Garware Marine Industries MD, chairman, board of directors and AGM
BSE: 509563Textiles & ApparelsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹17.01.
- Under BSE's graded surveillance, stage 0, on the list for 22 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹9.51 Cr4,409th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 58.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 13 May 2026
- 0.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 1.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 1.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 13 May 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 4,386
Garware Marine Industries board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonAditya A. Garware
- Company Secretary and Compliance OfficerPALLAVI P. SHEDGE
7 directors4 independent1 executive2 non-executive
- Aditya A. Garware · ChairpersonNon-executive · joined May 1993 · 2 listed boards · 3 committee seats
- Shefali S. BajajNon-executive · joined Nov 2014 · 1 listed board
- Shyamsunder V. AtreExecutive · joined Oct 2010 · 1 listed board · 1 committee seat
- Vikas D. SadaranganiIndependent · joined Nov 2016 · reappointed Nov 2021 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Piyush V. PatelIndependent · joined Mar 2024 · 60 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Amir J. PradhanIndependent · joined Aug 2025 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Hassan A. BhinderwalaIndependent · joined Aug 2026 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Sanjay V. Chinai, left 14 Oct 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 9 Sep 20267 of 7 present4 independent · 27 days in between
- 12 Aug 20267 of 7 present4 independent · 50 days in between
- 22 Jun 20266 of 6 present3 independent
Audit Committee
Chair Vikas D. Sadarangani
Aditya A. Garware, Amir J. Pradhan, Hassan A. Bhinderwala
- 9 Sep 20264 of 4 present3 independent · 27 days in between
- 12 Aug 20263 of 3 present2 independent · 50 days in between
- 22 Jun 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Piyush V. Patel
Aditya A. Garware, Amir J. Pradhan, Hassan A. Bhinderwala
- 12 Aug 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Vikas D. Sadarangani
Aditya A. Garware, Amir J. Pradhan, Shyamsunder V. Atre
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- D. Kothary & Co.Peer-review certificate valid to Nov 2028
1 earlier auditor
- D. KOTHARY & CO, CHARTERED ACCOUNTANTSNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Garware Marine Industries AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Garware Marine Industries dividend history
Extraordinary general meeting, 7 Oct 2026
12,655 shareholders on the register on 30 Sep 2026; present: 11 promoters and 101 others; votes counted by TAHER SAPATWALA / TAHER SAPATWALA.The company's voting result (opens in a new tab)
- Approved the transactions under the provisions of section 185 of the companies act, 2013, in supersession of the earlier approval "Limit" of Rs. 40 Crores, upto Rs.50 Crores.SpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 6.03% · promoters 0.00% · institutions 0.00% · other public 9.66%
Approved Material Related Party transaction(s) with Garware Offshore Services Limited (GOSL) in reference to the supersession of the Limit of Rs.40 Crores to Rs.50 Crores under Section 185 of the Companies Act, 2013, including charging of "Guarantee Commission" on "Corporate Guarantee" to GOSL.MoreLess
SpecialPromoters have an interest in it99.93% for0.07% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 6.03% · promoters 0.00% · institutions 0.00% · other public 9.66%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 23 Sep 2026, 4 resolutions
12,700 shareholders on the register on 16 Sep 2026; present: 6 promoters and 93 others; votes counted by TAHER SAPATWALA / TAHER SAPATWALA.The company's voting result (opens in a new tab)
Approval for the Audited Balance Sheet as at 31st March, 2026 and Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Directors' and Auditors' Report thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 41.74% · promoters 95.02% · institutions 0.00% · other public 9.71%
- Appointment of Director in place of Mr. Aditya A. Garware (DIN: 00198146) who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 41.74% · promoters 95.02% · institutions 0.00% · other public 9.71%
- Appointment of Mr. Shyamsunder V. Atre (DIN: 01893024) as Executive Director, for a period of two years with effect from 31st October, 2026.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 41.74% · promoters 95.02% · institutions 0.00% · other public 9.71%
- Appointment of Mr. Hasan Alibhai Bhinderwala, (DIN: 06751723), as a Non-Executive Independent Director of the Company with effect from 12th August, 2026 for a period of five years (first term).Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 41.74% · promoters 95.02% · institutions 0.00% · other public 9.71%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyBSE LTDSince 21 Jul 2026
Reg 33 - Penalty imposed for discrepancy under disclosure of Management Representation for Audit Qualification as per SEBI prescribed format under Sr. No. 1. Paid penalty of Rs. 2,90,000/- with GST. 18%.
Penalty imposed for discrepancy under disclosure of Management Representation for Audit Qualification as per SEBI prescribed format under Sr. No. 1. - Fine or penaltyBSE LTDSince 21 Jul 2026
Reg 33 - late submission of audited financial results for the quarter ended 31st March, 2015 (11 days delayed). Paid penalty of Rs. 55,000/- with GST 18%.
late submission of audited financial results for the quarter ended 31st March, 2015 (11 days delayed)
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.