Garware Technical Fibres Completes Share Extinguishment After Buyback
Garware Technical Fibres Limited has finalized the extinguishment of a significant portion of its equity shares following a tender offer process. The company brought back 16,17,500 fully paid-up equity shares through the buyback route, with each share carrying a face value of INR 10/- and being repurchased at INR 680/-.The buyback transaction took place during the tendering period, which spanned from May 26, 2026, to June 2, 2026. The completion of the extinguishment process for the dematerialized shares was effectuated on June 15, 2026, with Central Depository Services (India) Limited confirming the details.
Impact on Share Capital Structure
The successful buyback and subsequent share extinction resulted in a reduction in the company's total issued capital. The reconciliation of the equity share capital is as follows:| Particulars | Pre-extinguishment Status | Shares Bought Back | Post Extinguishment Status |
|---|---|---|---|
| Issued, Subscribed and Paid-Up Share Capital (Number) | 9,92,65,845 | 16,17,500 | 9,76,48,345 |
| Equity Share Capital (In INR) | 99,26,58,450 | 1,61,75,000 | 97,64,83,450 |
Post-Buyback Shareholding Pattern
The company's post-buyback shareholding pattern reflects changes across various investor categories. The structure before and after the transaction is detailed below:| Category of Shareholder | Pre-Buyback Shares (Number) | % to Existing Capital | Post-Buyback Shares (Number) | % to Post-Buyback Capital |
|---|---|---|---|---|
| Promoters and Promoter Group | 5,29,70,480 | 53.36% | 5,29,70,480 | 54.25% |
| Foreign Investors (including Non-Resident Indians) | 1,06,58,896 | 10.73% | 4,46,77,865 | - |
| Financial Institutions/Banks & Mutual Funds | 1,02,12,440 | 10.28% | 4,46,77,865 | 45.75% |
| Others (Public, Corporate Bodies, etc.) | 2,54,24,029 | 25.63% | 4,46,77,865 | 45.75% |
| Total | 9,92,65,845 | 100.00% | 9,76,48,345 | 100.00% |
The company confirmed the extinguishment of 16,17,500 Equity Shares in dematerialized form as per regulatory requirements.
GARFIBRES Stock Price Movement
Garware Technical Fibres Limited shares settled up today, closing at ₹679.95 after edging higher by 0.07%. The stock traded a total of 28,085 shares in post-market trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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