GARFIBRES2024-01-012024-03-31 GARFIBRES2024-01-012024-03-31 GARFIBRES2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member GARFIBRES2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member GARFIBRES2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member GARFIBRES2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member GARFIBRES2024-03-31 GARFIBRES2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member GARFIBRES2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member GARFIBRES2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member GARFIBRES2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member GARFIBRES2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member GARFIBRES2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member GARFIBRES2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member GARFIBRES2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member GARFIBRES2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member GARFIBRES2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member GARFIBRES2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GARFIBRES2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GARFIBRES2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GARFIBRES2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 509557 GARFIBRES NOTLISTED Garware Technical Fibres Limited Equity 2023-04-01 2024-03-31 2024-05-27 2024-05-18 INR Lakhs Yearly 12:00:00 15:30:00 2024-05-27 2024-05-27 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Standalone 3708127000.00 122439000.00 3830566000.00 838978000.00 49478000.00 71807000.00 474279000.00 53320000.00 67035000.00 1363838000.00 2918735000.00 911831000.00 0.00 911831000.00 209580000.00 11236000.00 220816000.00 0.00 691015000.00 0.00 0.00 0.00 0.00 691015000.00 28648000.00 719662000.00 0.00 0.00 203782000.00 10 33.91 33.91 0.00 0.00 33.91 33.91 1. The Audited Standalone Financial Results of Garware Technical Fibres Limited (“the Company”) as well as Consolidated Financial Results of the Company and its Subsidiaries and its associate for the Year ended 31st March, 2024 ( the Financial Statements ), were reviewed by the Audit Committee and have been taken on record and approved by the Board of Directors at its meeting held on Monday, 27th May, 2024. The Statutory Auditors of the Company has expressed an unmodified opinion on the Financial Statements. 2. These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized practices and policies to the extent applicable. 3. Statement of Assets and Liabilities 4. Cash Flow Statement 5. The Board of Directors, at its meeting held on Monday January 29, 2024 and the Members of the Company by way of postal ballot passed on Wednesday, March 6, 2024 approved a proposal of Buyback upto 5,25,000 fully paid-up equity shares of face value INR 10/- each (the Equity Shares ), representing 2.58% of the Equity Shares in the existing total equity paid-up capital of the Company, from all Eligible Shareholders (Equity Shareholders as on the Record Date, being Friday, March 26, 2024) on a proportionate basis, through the 'Tender Offer' process, at a price of INR 3,800/- per equity share, payable in cash, for an aggregate maximum amount of INR 199,50,00,000/- excluding the transaction costs pursuant to the provisions of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 and the Companies Act, 2013, as amended. Tender period for Buyback opened on Monday, April 1, 2024 and closed on Friday April 5, 2024. The Company bought back 5,25,000 Equity Shares from all eligible shareholders and extinguished the same on April 25, 2024 resulting in cash outflow of INR 199,50,00,000/- excluding the transaction costs. 6. The Board of Directors has recommended a Dividend of Rs 3.00/- per share (30%) of Rs. 10/- each for approval by the Members of the Company at ensuing Annual General Meeting. In terms of the Ind AS - 10 'Events after reporting date' as notified by the Ministry of Corporate Affairs through amendments to Companies (Accounting Standards) Amendment Rules, 2016, dated 30th March 2016, the Company has not accounted for proposed dividend as liability as at 31st March, 2024. 7. The figures for the quarter ended 31st March, 2024 and 31st March 2023, are the balancing figures between audited figures of the year ended 31st March, 2024 and 31st March 2023 and the published figures of the nine months ended 31st December, 2023 and 31st December, 2022 respectively, which were subjected to limited review. 8. The figures of previous periods have been regrouped / rearranged, wherever necessary to conform to current period's presentation. Multi segment 2023-04-01 2024-03-31 Audited Standalone 12799234000.00 426999000.00 13226233000.00 3623397000.00 332356000.00 -421331000.00 1895954000.00 167469000.00 257699000.00 4793971000.00 10649515000.00 2576718000.00 0.00 2576718000.00 562204000.00 45979000.00 608183000.00 0.00 1968535000.00 0.00 0.00 0.00 0.00 1968535000.00 156273000.00 2124808000.00 0.00 0.00 203782000.00 10 12111821000.00 96.60 96.60 0.00 0.00 96.60 96.60 Others 1033801000.00 Processing and Testing Charges 330037000.00 Others 3652736000.00 Processing and Testing Charges 1141235000.00 2572663000.00 0.00 37873000.00 5979917000.00 34639000.00 59493000.00 71094000.00 6145142000.00 164722000.00 8920398000.00 2353309000.00 1395400000.00 2544737000.00 1414606000.00 44274000.00 3794000.00 33478000.00 5436288000.00 21457000.00 836146000.00 8647201000.00 17567599000.00 203782000.00 12111821000.00 12315603000.00 12315603000.00 0.00 27131000.00 71470000.00 98601000.00 93085000.00 345662000.00 537348000.00 1185552000.00 2217076000.00 278855000.00 3681484000.00 971637000.00 61527000.00 4714648000.00 5251996000.00 17567599000.00 Fibre and Industrial Products & Projects 555084000.00 Synthetic cordage 3232853000.00 Fibre and Industrial Products & Projects 2400487000.00 Synthetic cordage 10692045000.00 3787937000.00 13092532000.00 79810000.00 293298000.00 3708127000.00 12799234000.00 Fibre and Industrial Products & Projects 99378000.00 Synthetic cordage 835018000.00 Fibre and Industrial Products & Projects 398833000.00 Synthetic cordage 2311239000.00 934395000.00 2710072000.00 53320000.00 167469000.00 -30756000.00 -34115000.00 911831000.00 2576718000.00 Fibre and Industrial Products & Projects 1126027000.00 Synthetic cordage 6526145000.00 7652172000.00 9915427000.00 17567599000.00 Fibre and Industrial Products & Projects 550821000.00 Synthetic cordage 3148897000.00 3699718000.00 1552278000.00 5251996000.00 167469000.00 -471860000.00 -378307000.00 10663000.00 100186000.00 -10503000.00 -4984000.00 35581000.00 0.00 816960000.00 -18000.00 -61360000.00 0.00 257699000.00 3050000.00 -18660000.00 -12450000.00 -61360000.00 393000.00 14084000.00 0.00 0.00 0.00 -384452000.00 0.00 -554000.00 0.00 0.00 0.00 1577000.00 2578295000.00 0.00 0.00 -41993000.00 551658000.00 0.00 1984644000.00 0.00 45014000.00 0.00 0.00 0.00 0.00 0.00 0.00 -36794000.00 381983000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 539000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 426999000.00 0.00 -500330000.00 0.00 -537661000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -143083000.00 0.00 0.00 0.00 71334000.00 167469000.00 0.00 0.00 -381887000.00 1065096000.00 0.00 1065096000.00 349510000.00 1414606000.00 24347000.00 151269000.00 -4301000.00 -5004000.00