Arfin India Limited has scheduled a meeting of its Board of Directors for Friday, September 18, 2026. The primary agenda item is to consider and approve the declaration of an interim dividend for the financial year ending March 31, 2027.

Regulatory Compliance

The company issued the intimation pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing ensures transparency regarding corporate actions that may impact share prices.

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 has been closed. The closure began on September 15, 2026, and will remain in effect until 48 hours after the declaration of the board meeting outcomes.

This restriction prevents insiders from trading securities while in possession of unpublished price-sensitive information related to the proposed interim dividend.

Corporate Details

The company’s registered and corporate office is located in Ravi Industrial Estate, Kalol, Gandhinagar.

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.