About Garware Marine Industries Ltd 
Garware Marine Industries Ltd
Micro Cap
Garments & Apparels
Garware Marine Industries Ltd (GMIL), a Public Limited Company, was incorporated on August 8, 1975 with the name as 'Modern Nets Ltd'. On March 29, 1976, the Company commenced their operations. Thereafter, the name of the Company got changed to Garware Marine Industries Ltd. in December, 1981. The company is headquartered in Mumbai and their factory is located at Ahmednagar in Maharashtra. It was promoted by Late Padma Bhushan, Shri. B. D. Garware, founder of the Garware Group of Companies.
Company Coordinates 
Company Details
102 Buildarch Wisteria 1st Flr, Ram Maruti Road Dadar(W) Mumbai Maharashtra : 400028
Registrar Details
Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai
Capital Structure 
Present Equity Capital
INR 5.77 Cr
Number of Shares
57.66 Cr
Face Value
INR 10.0
Date
Number
of Shares(Cr)
of Shares(Cr)
Equity
Capital (Rs Cr)
Capital (Rs Cr)
Shares Added
Face Value (Rs)
Reason
10-Aug-2009
57.66
5.77
92500
10
Conversion of Warrants
10-Aug-2009
57.66
5.77
92500
10
Conversion of Warrants
05-Jun-2009
56.74
5.67
188000
10
Allotment of Equity Shares To Promoter & Others
05-Jun-2009
56.74
5.67
188000
10
Allotment of Equity Shares To Promoter & Others
25-Feb-2009
54.86
5.49
539500
10
Conversion of Warrants
25-Feb-2009
54.86
5.49
539500
10
Conversion of Warrants
Shareholding Snapshot
Shareholding Compare (%holding) 
Majority shareholders
Non Institution
Pledged Promoter Holdings
None
Mutual Funds
Held by 0 Schemes
FIIs
Held by 0 FIIs
Promoter with highest holding
Sushma Ashok Garware (16.23%)
Highest Public shareholder
Shri Krishna Welfare Trust (2.87%)
Individual Investors Holdings
46.78%
Management
Designation
Remuneration
Aditya Garware
Chairman (Non-Executive)
36.5 k
S V Atre
Executive Director
14.73 lacs
Rajiv S Khanna
Independent Director
37.75 k
Shefali S Bajaj
Director
29.0 k
Pallavi P Shedge
Company Sec. & Compli. Officer
0
Sanjay V Chinai
Independent Director
43.75 k
Vikas D Sadarangani
Independent Director
42.25 k
Raw Materials Dashboard 
Raw Materials
Amount(Rs Cr)
% of RM Cost
No Data Available for Raw Material Segmentation
No Data Available
Finished Goods Dashboard 
Finished Goods
Amount(Rs Cr)
% of Sales Turnover
Other Operating Income
1.15
100.00%
Other Operating Income
Revenue and Profits:
Net Sales:
0 Cr
(Quarterly Results - Sep 2025)
Net Profit:
0 Cr
Garments & Apparels
INR 16 Cr (Micro Cap)
50.00
35
0.00%
0.00
1.94%
0.96






