Garware Technical Fibres Limited announced that at its Board Meeting held on May 30, 2019, the Board of Directors of the company has recommended a dividend of INR 5.00 per share (50%) of INR 10 each for approval by the shareholders of the company at upcoming annual general meeting. The total dividend for the year (subject to approval by the shareholders of the company at upcoming annual general meeting) would be INR 131.9 million.

The company also announced that as per the recommendation of Nomination and remuneration committee, the board of directors of the company appointed Ms. Mallika Sagar as Additional non-executive Independent director, with effect from 30 May, 2019, subject to the approval of the Members.