Arfin India Ltd

AGM notice and e-voting

• 34th AGM scheduled for 19 September 2026 at 12:00 PM IST via VC/OAVM.
• Notice and FY2025-26 Annual Report available on company website.
• Cut-off date for e-voting is 12 September 2026.
• E-voting opens 16 September 2026 at 9:00 AM IST and closes 18 September 2026 at 5:00 PM IST.
• Shareholders with unregistered emails will receive a letter linking to the AGM notice and annual report.
• Register/update emails with DPs/Registrar to receive communications electronically.

Financial highlights

• Consolidated net sales: 61,799.18 Lakhs in FY2025-26.
• Total consolidated income: 61,891.37 Lakhs.
• EBITDA / PBDIT: 4,708.32 Lakhs; margin 7.62%.
• Consolidated PAT: 1,545.13 Lakhs.
• Cash profit: 2,140.56 Lakhs.
• Basic EPS: 0.92; diluted use same 0.92.
• Net worth: 17,034.68 Lakhs; total borrowings: 12,926.60 Lakhs.
• Debt-Equity: 0.76; Gearing: 0.41.
• Installed capacity: 71,000 MTPA.
• Interim dividend declared: 11% on equity shares; paid 20-Nov-2025.
• NSE direct listing completed on 22-Jul-2025; dual-listed with BSE.

Operations & capacity

• Installed capacity of 71,000 MTPA across four plants.
• Key product lines: Aluminium Wire Rod, Deox, Cored Wire, Conductors, Ferro Alloys.
• FY2025-26 consolidated aluminium sales: 24,047 MT; revenue: 71,343 Lakhs.
• MVCC project to expand power transmission product offerings.
• Wholly owned ATSAL subsidiary focusing on high-value speciality alloys.
• Global footprint servicing Japan, Vietnam, Saudi Arabia, Indonesia, Canada.

Capital structure & liquidity

• Equity share capital: 16,87,22,482 shares (₹1 each).
• Total borrowings: 12,926.60 Lakhs; net debt 12,040.79 Lakhs.
• Debt-Equity: 0.76; gearing: 0.41.
• Consolidated cash flow from operations: 2,247.47 Lakhs.
• Net cash from financing activities: negative 823.63 Lakhs; end cash 31.22 Lakhs.

Governance & controls

• Independent director Ruchita Nahata appointed 10-Apr-2025; reappointed May 2025.
• Audit Committee met 6 times in FY2025-26; chaired by Tarachand Jain.
• Internal Financial Controls over financial reporting adequate; no material weaknesses.
• Secretarial Audit MR-3 unqualified; governance disclosures aligned with SEBI LODR.

Strategy & growth initiatives

• Strategic partnership with JFE Shoji India; exclusive distributor for select products.
• Direct NSE listing in 2025; duallisted with BSE.
• Expansion into Conductors & Cables; ongoing capacity enhancement.
• Ongoing manufacturing automation and new product lines to drive efficiency.

Sustainability & ESG

• Installed four solar PV systems: 1200 kW, 350 kW, 509.24 kW, 87.75 kW.
• Renewable energy initiative to reduce carbon footprint and energy costs.
• CSR committee active; CSR spend of 26 Lakhs in FY2025-26; 2% of average net profit target.

Risks & outlook

• Raw material price volatility and energy costs pose earnings risk.
• Foreign exchange and geopolitical uncertainties may impact demand and trade.
• Company remains optimistic on long-term growth through value-added products and expansion.

Dividend & shareholder matters

• Interim dividend declared at 11% on equity shares; paid 20 November 2025.
• Final dividend not proposed for FY2025-26.
• NSE listing enhances liquidity and investor access; dual listing with BSE sustained.

AGM details

• 34th AGM on 19 Sep 2026 at 12:00 IST via VC/OAVM.
• Book closure 13-19 Sep 2026 (inclusive).
• Voting rights cut-off date 12 Sep 2026.
• Remote e-voting: 16-18 Sep 2026; voting at AGM allowed.

Resolutions to be voted

• Adopt standalone financial statements for FY2025-26.
• Adopt consolidated financial statements for FY2025-26.
• Re-appoint Jatin M. Shah as Managing Director.
• Ratify remuneration payable to Cost Auditors for FY ending 31 Mar 2027.

Voting results

• Voting results not disclosed in this filing.

Dividend

• Interim dividend of 0.11 per share, paid Nov 2025.
• No final dividend proposed.

Director and auditor changes

• Mrs. Ruchita Nahata appointed Independent Director on 10 Apr 2025.
• Jatin M. Shah to be re-appointed as Managing Director.
• Statutory Auditor Raman M. Jain & Co. appointed for five years to 2027.
• Secretarial Auditor Kamlesh M. Shah & Co. appointed for five years (FY26-30).
• Cost Auditor Ashish Bhavsar & Associates remuneration 60k plus GST; ratification sought.

Material related party transactions

• RPTs largely arm's length; major items include KMP remuneration, intercompany sales, and subsidiary loans.
• Outstanding balances with KMPs: 860.98 Lakhs.

Other material approvals

• CSR Committee formed; CSR spend 26 Lakhs; CSR policy disclosed.
• NSE direct listing achieved July 22, 2025; dual NSE-BSE listing.
• Share dematerialization at 99.99%; minimal physical.

AGM details

• No AGM date, time, mode, or record dates provided in this excerpt.

Consolidated results

• Consolidated revenue from operations 21,277.33 Lakhs; total income 21,296.35 Lakhs.
• QoQ growth: revenue +10%; total income +10%.
• Consolidated PBT 463.92 Lakhs; PAT 407.45 Lakhs; EPS 0.24.
• Consolidated gross margin approx 18%.
• Single reportable segment: manufacturing and trading of ferrous & non-ferrous metals.
• Auditors' review: unqualified; results approved Aug 11, 2026.
• AGM to be held via VC/OAVM on Sep 19, 2026.

Standalone results

• Standalone revenue from operations 20,796.01 Lakhs; total income 20,823.79 Lakhs.
• QoQ growth: revenue +8.5%; total income +8.6%.
• Standalone PAT 353.30 Lakhs; EPS 0.21.
• Standalone gross margin approx 18.5%.
• Auditors' review: unqualified; results approved Aug 11, 2026.

Meeting Details

• Date, time, and location not disclosed in this filing chunk.

Key Agenda Items

• No agenda items disclosed in this filing chunk.

Other Notes

• No additional material information disclosed in this filing chunk.

Rating Action and Details

• CRISIL reaffirms Arfin India’s bank facilities; ratings unchanged.
• Total bank facilities rated: Rs 129.21 crore.
• Long-term rating: CRISIL BBB/Stable.
• Short-term rating: CRISIL A3+.
• Outlook: Stable.
• Annexure updated with revised bank-wise facility details.
• Rating letter valid until March 31, 2027.
• No material change since prior rating.