Arfin Titanium & Speciality Alloys Limited, a wholly owned subsidiary of Arfin India Limited , has exchanged a Memorandum of Understanding (MOU) with Toyo Denka Kogyo Co. Ltd., JFE Shoji Corporation, and JFE Shoji India Pvt. Ltd. to establish a strategic business collaboration. The agreement, signed on June 17, 2026, aims to explore opportunities relating to the manufacture, supply, distribution, and promotion of products, thereby creating a reliable long-term supply chain. This collaboration is intended to leverage technical support from Toyo Denka and the commercial distribution capabilities of the JFE Shoji entities to strengthen market development.

The MOU outlines that Arfin Titanium & Speciality Alloys Limited proposes to manufacture products in India with technical support from Toyo Denka. Meanwhile, the JFE Shoji entities will coordinate commercial distribution and supply-chain activities. The parties have agreed to explore long-term business opportunities and market development as part of this strategic partnership.

The agreement has an initial term of one year with automatic renewal for successive one-year terms unless terminated in accordance with the MOU. The company confirmed that the transaction does not fall within related party transactions and that the promoter, promoter group, or group companies have no interest in the entities with whom the MOU is entered.

The intimation was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mahendra R. Shah, Chairman & Whole-time Director of Arfin India Limited, signed the disclosure.

Key Details of the MOU

The following table summarises the key terms and parameters of the MOU entered into by the parties:

Arfin India Limited held its Board of Directors meeting on Monday, May 11, 2026, at its registered office in Chhatral, Gandhinagar, Gujarat. The meeting, convened pursuant to Regulations 30, 33, and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 11:00 a.m. and concluded at 3:05 p.m. The Board considered and approved the audited financial results for the quarter and financial year ended March 31, 2026, on both standalone and consolidated basis. The statutory auditors, M/s. Raman M. Jain & Co., Chartered Accountants, issued an unmodified (unqualified) audit opinion on both sets of results. Subsequently, pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, the audited financial results were published in Economic Times (English) and Nav Gujarat Samay (Gujarati), and are also available on the company's website at www.arfin.co.in .

Key Performance Highlights

Arfin India delivered strong year-on-year growth across all key profitability metrics for FY26. The company reported EBITDA growth of 23.07% (YoY), PBT growth of 64.86% (YoY), and PAT growth of 68.93% (YoY) on a consolidated basis, reflecting a significant improvement in operational and financial efficiency during the year.

Consolidated Financial Performance

On a consolidated basis, Arfin India reported a significant improvement in profitability for FY26. Revenue from operations (inclusive of GST) stood at ₹71,343.29 lakhs for the full year, compared to ₹70,919.21 lakhs in the previous year. Net profit for the full year rose sharply to ₹1,545.13 lakhs from ₹914.63 lakhs in FY25. For the quarter ended March 31, 2026, the company recorded revenue from operations (inclusive of GST) of ₹22,299.17 lakhs and a net profit of ₹682.43 lakhs, compared to ₹17,826.89 lakhs and ₹53.29 lakhs respectively in the corresponding quarter of the previous year. On an operational efficiency basis, Q4 EBITDA improved notably to ₹145M from ₹66M in the same quarter last year, with the EBITDA margin expanding to 7.55% from 4.30% year-on-year.

The following table summarises the consolidated financial results (₹ in Lakhs):

The Q4 EBITDA performance is highlighted below:

Standalone Financial Performance

On a standalone basis, Arfin India reported revenue from operations (inclusive of GST) of ₹72,330.08 lakhs for FY26, compared to ₹70,919.21 lakhs in FY25. Net profit for the full year stood at ₹1,359.71 lakhs, up from ₹915.10 lakhs in the prior year. For Q4 FY26, standalone revenue from operations (inclusive of GST) was ₹22,170.34 lakhs and net profit was ₹570.83 lakhs, against ₹17,826.89 lakhs and ₹53.75 lakhs respectively in Q4 FY25.

The following table summarises the standalone financial results (₹ in Lakhs):

Balance Sheet and Cash Flow Highlights

As at March 31, 2026, consolidated total assets stood at ₹37,140.02 lakhs, up from ₹34,421.12 lakhs a year earlier. Total equity on a consolidated basis increased to ₹17,034.68 lakhs from ₹15,677.79 lakhs. Net cash flow from operating activities on a consolidated basis was ₹2,247.47 lakhs for FY26, a significant turnaround from a negative ₹(2,120.47) lakhs in FY25. On a standalone basis, total assets were ₹36,882.12 lakhs and net cash flow from operating activities was ₹2,986.55 lakhs. The Board had declared an interim dividend of ₹0.11 (@11%) per equity share of ₹1 each at its meeting held on November 11, 2025.

Key Corporate Decisions and Subsidiary Update

In addition to approving the financial results, the Board also resolved to re-appoint Mr. Anant Patel as Internal Auditor and M/s. Ashish Bhavsar & Associates (FRN: 000387), Cost Accountants, as Cost Auditor, both for Financial Year 2026-27. During the March quarter, the company subscribed to 4,50,00,000 equity shares of ₹1 each and 3,00,00,000 equity shares of ₹1 each in its wholly owned subsidiary, Arfin Titanium & Speciality Alloys Limited, by way of a rights issue on March 14, 2026 and March 25, 2026 respectively. The company operates in a single reportable business segment — manufacturing and trading of ferrous and non-ferrous metals — as per Ind AS 108. The results were certified by Managing Director Jatin M. Shah and Chief Financial Officer Shubham P. Jain under Regulation 33(2)(a) of SEBI (LODR) Regulations, 2015.