Garware Marine Board Approves Enhanced Corporate Guarantee

Garware Marine Industries Ltd announced outcomes from its Board Meeting held on September 9, 2026. The board approved the issuance of an enhanced "Corporate Guarantee" on behalf of Garware Offshore Services Limited for availing enhanced financial facilities. This transaction is considered a "Material Related Party Transaction" and requires member approval under Section 188 of the Companies Act, 2013, and Regulation 23 of SEBI LODR. Additionally, the board approved resolutions under Section 185, superseding earlier limits, subject to member approval. An Extra Ordinary General Meeting (EGM) is scheduled for October 7, 2026, to pass the necessary special resolutions.