YEAR EVENTS 1976 - The Company was incorporated on 1st April. It was promoted by Garware Filament Corporation Pvt. Ltd. and Wall Industries Inc., U.S.A. Garware Filament Corporation Pvt. Ltd. was established in 1960 and was one of the leading manufacturers of synthetic Ropes and twines in India. The products are marketed under the tradename "Garfil". - In October, the Company entered into two agreements with Wall Industries Inc., U.S.A. 1977 - Pursuant to an agreement dated September 14th, entered into between the Company and Garware Filament Corporation Pvt. Ltd., the entire Rope and twine manufacturing business including building, plant and machinery of Garware Filament Corporation Pvt. Limited was acquired by the Company. - 1,20,000 shares taken up by Garware Filament Corpn. Pvt. Ltd., and its nominees. 1,20,000 shares issued to Wall Industries, Inc. U.S.A. 3,60,000 shares then issued at par of which 30,000 shares reserved and allotted to directors, etc. and 3,30,000 shares offered to the public during April/May 1978. 1981 - The Company received an industrial licence for expansion of its capacity from 2,324 tonnes to 4,324 tonnes per annum. - 3,60,000 bonus equity shares issued in prop. 3:5. 1987 - The Company's licensed capacity was re-endorsed as 5,278 tonnes per annum. - The Company received a letter of intent for the manufacture of polypropylene multifilament yarn to the extent of 2,000 tonnes per annum. Necessary steps were being taken to implement the project. A R&D plant for developing indigenous technology for this was installed. - 9,60,000 bonus shares issued in May 1988 (pro. 1:1). 7,68,000 rights shares issued in Jan. 1989 (prem. Rs 20 per share; prop. 2:5). Additional 1,15,200 shares allotted to retain oversubscription. 38,600 shares allotted to employees (prem. Rs 20 per share) under Stock Option. 1989 - The Company received another letter of intent for the manufacture of polypropylene staple fibre to the extent of 2,000 tonnes per annum. The manufacturing activities of both polypropylene multifilament and polypropylene staple fibre were proposed to be carried out under a newly formed division named "Fibre Division". - The company issued 2,25,000-14% Secured Redeemable Non-Convertible debentures of Rs 100 each for cash at par by way of private placements to SBI Mutual Funds. The debentures are redeemable at a premium of 5% at the end of the 7th year from 26-9-1989. 1991 - The Company newly formed "Textiles Division" received the necessary approvals from Government to manufacture terry towels/fabrics and made-ups to the extent of 4,960 TPA under the 100% export oriented unit scheme. - The company proposed to set up a capacity of 2000 TPA against this approval in Phase I at Taloja, near Mumbai in Maharashtra. 1993 - 28,41,800 right equity shares allotted (prem. Rs 50 per share) in prop. 1:1. 1994 - The company proposed to enable the synthetic cordage manufacturing capacity from 12,500 tonnes to 20,800 tonnes per annum. - By way of diversification and forward integration, the Company had started manufacturing fish net webbings by utilising its own twine. The company proposed to increase the facility to 3,600 tonnes per annum. - The Company entered into a technical collaboration agreement with Toyo Kogyo Co. Ltd. to Japan for manufacturing fishnet webbing machines. - The company was in the process of finalising joint venture with a Danish company for setting up a 100% EOU for manufacturing braided twines. The Company also decided to diversify into the manufacture of heat resistant rubber tension tapes and threads in technical know-how with Rotunda PLC of U.K. - 57,04,100 bonus equity shares allotted in prop. 1:1. 20,500 No. of equity shares allotted (prem. Rs 100 per share) to promoters and their associates on conversion of debentures. 1995 - 85,48,188 right shares issued (prem. Rs 55 per share) in prop. 3:4 7,962 shares issued to NRIs on repatriation basis. 2000 - Garware Wall Ropes Ltd., has decided to acquire 51 per cent of the share capital of Subhashish Investments and Trading Co. Pvt. Ltd., a software company. After acquisition, Subhashish Investments will become a subsidiary of Garware. 2005 -Garware-Wall Ropes has recommended a dividend of 25% 2006 -Mr. R B Garware has been appointed as Whole-time Director,of the company. 2007 -Garware Wall Ropes has recommended dividend @ 25% 2008 -Garware Wall Ropes has recommend a Dividend 25% 2009 -Garware Wall Ropes has recommended a Dividend of Rs 2.50 per share of Rs 10/- each. 2010 -Garware Wall Ropes recommended Dividend Rs. 2.50 per share of Rs. 10/- each. 2011 -Garware Wall Ropes recommended Dividend Rs. 2.50 per share of Rs. 10/- each. 2012 -Garware Wall Ropes recommended Dividend Rs. 2.50 per share of Rs. 10/- each. 2013 -Garware Wall Ropes Ltd has appointed Mr. P. N. Shah as an Additional Director (Independent) of the Company. -Garware Wall Ropes Ltd has recommended a Dividend of Rs. 2.50 per share of Rs. 10/- each. 2014 -Garware Wall Ropes Ltd has recommended a Dividend of Rs. 2.70 per share of Rs. 10/- each. 2015 - Garware Wall Ropes Ltd was honoured with the 2nd Most Innovative Exporters 2015 at the ECGC D&B Indian Exporters' Excellence Awards 2015. - Garware Wall Ropes earns 'Best Aquaculture Cage Net Manufacturer Award' at Aqua International(AI) Awards 2015. 2017 -'Garware Wall Ropes Ltd and Israel's Aero-T ink MOU to explore mutual co-operation for manufacturing advanced Aerostats for Indian Defence'. 2018 -Company name has changed to Garware Technical Fibres Ltd. from Garware-Wall Ropes Ltd. -Garware Technical Fibres Ltd ranked among India's Best Companies to Work. 2019 -Garware Technical Fibres a leading manufacturer of technical textiles for the Indian and global markets has been awarded with `The Economic Times Polymers Awards 2019'. -Garware Technical Fibres has been awarded the Silver Medal in the prestigious India Green Manufacturing Challenge 2019. 2024 -The Company Informed regarding 'In-principle approval from National Stock Exchange of India Limited for Bonus Issue. -The Company BOD approved and recommended 4:1 Bonus Share.