Arfin India Limited has declared an interim dividend of ₹0.12 per equity share for the financial year ending March 31, 2027. The Board of Directors approved the payout during its meeting on Friday, September 18, 2026.

Dividend Details

The company fixed Thursday, September 24, 2026, as the record date to determine shareholders eligible for the dividend. Payments will be made to entitled shareholders within 30 days from the date of declaration.

Regulatory Compliance

The declaration was made pursuant to Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the earlier intimation issued under Regulation 29 regarding the scheduled board meeting.

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for directors, officers, key managerial personnel, and designated persons was closed from September 15, 2026. The restriction remains in effect until 48 hours after the declaration of the board meeting outcomes, preventing insiders from trading while in possession of unpublished price-sensitive information.

Corporate Details

The Board meeting commenced at 9:15 am and concluded at 10:15 am at the company’s registered office in Gandhinagar, Gujarat.

Arfin India Limited disclosed a proposed inter-se transfer of 97,47,250 equity shares among immediate relatives within its promoter group. Promoter Mahendrakumar Rikhavchand Shah intends to acquire the shares from Mrs. Pooja Mahendrabhai Shah and Mrs. Khushbu Mahendrabhai Shah through an off-market transaction by way of gift.

The acquisition is scheduled to take place on or after September 7, 2026. The company notified the BSE and NSE on August 27, 2026, citing Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The proposed transfer involves no monetary consideration. The shares are being gifted between family members belonging to the promoter group. The breakdown of the acquisition is as follows:

Impact on Shareholding

The transaction will consolidate the promoter’s direct holding while leaving the aggregate stake of the promoter and promoter group unchanged.

Before the transfer, Mahendrakumar Rikhavchand Shah held 2,56,28,624 shares, representing 15.19% of the total share capital. Post-transaction, his holding will rise to 3,53,75,874 shares, or 20.96%.

Mrs. Pooja Mahendrabhai Shah and Mrs. Khushbu Mahendrabhai Shah will hold nil equity shares in the company following the completion of the transfer.

What the Numbers Show

The consolidation of 5.77% of the paid-up capital into a single promoter entity increases individual voting concentration within the promoter group without altering the total promoter block. This structural shift simplifies the ownership map for the immediate relatives involved but does not change the overall control dynamics or public float of the company.