Garware Marine Board Approves Audited FY26 Financials, Reappoints Auditors

Garware Marine Industries Ltd announced the revised outcome of its Board Meeting held on May 12, 2026. The board approved the audited financial statements for the quarter and year ended March 31, 2026, along with the statement of assets and liabilities and cash flow statement. A revised management reply on auditors' qualifications was also approved. The company re-appointed Messrs. Kirtane & Pandit LLP as Internal Auditors for FY 2026-27. The Secretarial Audit Report for FY 2025-26 was taken on record. The company also disclosed issuing a corporate guarantee of ₹10 crore for Garware Offshore Services Ltd. The impact of new labor codes, effective from November 21, 2025, will be accounted for from FY 2026-27.