Arfin India Ltd. to Invest in Subsidiary’s Rights Issue
Arfin India Ltd. announced on March 25, 2026, that it has approved a subscription to the rights issue of equity shares of its wholly owned subsidiary, Arfin Titanium & Speciality Alloys Limited. The investment will be up to Rs. 3,00,00,000 or a higher amount as may be required.Arfin Titanium & Speciality Alloys Limited, incorporated on January 14, 2025, is engaged in the manufacturing and trading of non-ferrous metals. The rights issue aims to fund the subsidiary's business operations and growth requirements.
The transaction is considered a related party transaction as Arfin Titanium & Speciality Alloys Limited is a wholly owned subsidiary. However, the company stated that the transaction is at arm’s length and promoters/promoter group have no interest other than their shareholding in Arfin India Ltd.
The acquisition is in the form of cash consideration and is expected to be completed within the timelines specified in the rights offer by the subsidiary. Post subscription, Arfin Titanium & Speciality Alloys Limited will remain a wholly owned subsidiary of Arfin India Ltd.
Details of the Rights Issue:
| Particulars | Details |
|---|---|
| Name of the target entity | Arfin Titanium & Speciality Alloys Limited |
| Related Party Transaction | Yes, the target entity is a Wholly Owned Subsidiary. Transaction at arm's length. |
| Industry | Metal Manufacturing Industry |
| Objects and impact of acquisition | Funding business operations and growth requirements |
| Governmental or regulatory approvals | Not applicable |
| Indicative time period for completion | Within timelines specified in the rights offer |
| Nature of consideration | Cash consideration |
| Cost of acquisition | Upto Rs. 3,00,00,000 or such higher amount as may be required |
| Shareholding/Control | Subsidiary will remain wholly owned |
| Background of entity acquired | Engaged in manufacturing and trading of non-ferrous metal. Incorporated on January 14, 2025. |
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