Garware Technical Fibres receives caution letter from BSE for reporting error
Garware Technical Fibres Limited (GTFL) has received a cautionary letter from BSE Limited on December 30, 2025. The letter pertains to erroneous details concerning the applicability of SEBI (Prohibiti...
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Why is Garware Technical Fibres Limited in the news today?
Garware Technical Fibres Limited (GARFIBRES) is in the news due to the company received a cautionary letter from bse regarding a reporting error. while not a positive development, the company has stated there is no financial impact, keeping the sentiment neutral.
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Garware Technical Fibres receives caution letter from BSE for reporting error
December 31, 2025, 11:05 AM
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More Details on This News
Garware Technical Fibres Limited (GTFL) has received a cautionary letter from BSE Limited on December 30, 2025. The letter pertains to erroneous details concerning the applicability of SEBI (Prohibition of Insider Trading) Regulations in the XBRL filing of the Annual Secretarial Compliance Report for the Financial Year 2023-24.
BSE observed discrepancies in the reporting made by the company in its Annual Secretarial Compliance Report submitted for the year ended March 31, 2024. Specifically, the company submitted incorrect details regarding the applicability of SEBI (Listing Obligations and Disclosure Requirements) Regulations, SEBI (Prohibition of Insider Trading) Regulations, and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. BSE has advised the company to be cautious in the future, exercise due diligence, and initiate corrective steps to prevent recurrence of such lapses.
The company has stated that there is no impact on its financial, operational, or other activities in monetary terms.
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