Garware Marine Industries Ltd (509563) — Board Meeting | 11 September 2026

11 September 2026 · BSE 🟡 Notable Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

EGM to approve ₹50 crore corporate guarantee for Garware Offshore Services Limited and authorize up to 0.75% commission on the guarantee.

🔄 What Changed

Revised corporate guarantee limit from ₹40 crores to ₹50 crores and added commission up to 0.75% p.a. on the guarantee.

🔮 What's Next

None

💡 Investor Takeaway

The approval enables larger financing support for Garware Offshore Services Limited but introduces potential liability for shareholders if the guarantee is invoked.

Garware Marine Industries Limited announced an Extraordinary General Meeting scheduled for 7 October 2026 at 11:30 AM via video conference to approve a revised corporate guarantee limit of ₹50 crores for Garware Offshore Services Limited, superseding the prior ₹40 crores approval, and to authorize charging up to 0.75% p.a. commission on the guarantee. The meeting will use remote e-voting through CDSL/NSDL platforms, with specific login instructions provided for shareholders holding physical or demat shares, and will not permit proxy attendance.

📄 View Original Announcement (PDF)

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About Garware Marine Industries Ltd (509563)

Services · Ship Building · Listed on BSE

Market Cap: ₹10.28 CrP/E: 61.5ROE: 1.5%ROCE: 1.8%

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📊 More 509563 filings

Announcement — 29 September 2026Garware Marine Industries announced the closure of its insider trading window effective 1 October 20...
🟡 Voting Results — 24 September 2026Garware Marine Industries Ltd voting results filing
🟡 Board Meeting — 24 September 2026Garware Marine Industries held its 48th AGM on 23 September 2026 via video conference, approving the...
🟡 Board Meeting — 23 September 2026Garware Marine Industries held its 48th AGM on 23 September 2026 via video conference, appointing ne...
🟡 Board Meeting — 9 September 2026The board approved issuing an enhanced corporate guarantee for Garware Offshore Services Limited, su...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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