Annual Report for FY 2025-26

Arfin India Limited August 24, 2026 BSE Limited National Stock Exchange of India Ltd Corporate Relation Department The Manager, Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, C- 1, Block Dalal Street, Mumbai - 400001 G, Bandra -Kurla Complex, Bandra (E), Maharashtra, India. Mumbai - 400051 BSE Scrip Code: 539151 NSE Symbol: ARFIN Subject: Submission of Annual Report including Notice of 34th AGM for the Financial Year 2025-2026 Reference: Intimation under Regulation 30 & ~4 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India. Dear Sir I Madam, Pursuant to Regulation 30 & 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report including Notice of 34th AGM of the Company for the Financial Year 2025-2026. In compliance with relevant circulars issued by Ministry of Corporate Affairs and the Securities and Exchange Board of India, the Annual Report including the Notice of 34th AGM of the Company for the Financial Year 2025-2026 has been sent to all the members of the Company whose email addresses are registered with the Company or Depository Participant(s). The aforesaid report is also available on the website of the Company at www.arfin.co.in. This is for your kind perusal and member's informat\on. We request you to take the same on your record. Yours faithfully, For Arfin India Limited Natanya Kasaudhan CS & Compliance Officer Mem. No.: A 75915 Encl.: As above Registered & Corporate Office: Plant I Factory : Plot No. 117, Ravi Industrial Estate, Plot No. 11811,2,3,4 & 117 / 3,6,7, Ravi Industrial Estate, B/h. Hotel Prestige, Bileshwarpura. Chhatral, B/h. Hotel Prestige, Bileshwarpura, Chhatral, Tai. -Kaloi, Dist. -Gandhinagar -382729, Gujarat, India. Tai. -Kaloi, Dist. -Gandhinagar -382729, Gujarat, India. Ph.: +91-2764-232621 Fax: +91-2764-232620 Ph. : +91-2764-232620 Email : info@arfin.co.in Fax: +91-2764-232620 CIN No.: L65990GJ1992PLC017460 Resilience Reinvention Results Annual Report 2025-26 Resilience. Reinvention. Results. Resilience empowers us to adapt. Reinvention enables us to lead. Results inspire us to aim higher. Together, these principles continue to shape Arfin's journey towards sustainable excellence. With eyes set firmly on tomorrow, we dream big, think ahead, and dare to explore new possibilities. But vision alone is not enough. It is through focus, effort, and relentless execution that ideas transform into achievements, and aspirations into measurable success. FY 2025-26 was a year of strengthening our fundamentals. While operating in a dynamic business environment with relatively stable revenue, we remained focused on improving the quality of our earnings. Through disciplined cost optimisation, enhanced operational efficiencies, prudent financial management, and a sharper focus on value-added products, we achieved a meaningful improvement in profitability and margins. These achievements reflect the resilience of our business model and our ability to create value beyond top-line growth. During the year, we also continued to strengthen our manufacturing capabilities, deepen customer relationships, enhance supply chain resilience, and advance initiatives that reinforce our long-term competitiveness. Our emphasis on operational agility, technological advancement, and sustainable business practices has positioned Arfin to respond effectively to evolving market opportunities while maintaining financial discipline. Our journey is not measured solely by financial performance. It is defined by the enduring value we create for our customers, business partners, shareholders, employees, and the communities we serve. Every initiative we undertake is guided by our commitment to responsible growth, innovation, and operational excellence. As we look ahead, we remain confident that the strong foundation we have built—supported by resilience, continuous reinvention, and disciplined execution—will enable us to capture emerging opportunities and deliver sustainable value for all stakeholders. This spirit of possibility, progress, and performance will continue to guide Arfin as we build a stronger, more resilient, and future-ready organisation. “TO BUILD MORE THAN PRODUCTS - TO BUILD TRUST, PROGRESS, AND A BETTER TOMORROW." CONTENTS CORPORATE OVERVIEW STATUTORY REPORTS 035 Management Discussion & Analysis Report 045 Notice of Annual General Meeting 061 Directors Report 086 Corporate Governance Report 007 Corporate Information 009 Vision of Arfin 011 Chairman’s Message 014 Highlights of the Year 015 MD Message 017 Financial Performance 019 Arfin At a Glance 033 Our Growing Footprints FINANCIAL STATEMENTS 112 Standalone Financial Statements 178 Consolidated Financial Statements CORPORATE BANKERS INFORMATION State Bank of India Standard Chartered Bank BOARD OF DIRECTORS-KMP- Pushpa Shah Yes Bank CONSULTANTS & ADVISOR REGISTRAR & SHARE TRANSFER AGENT MCS Share Transfer Agent Limited Mahendra R. Shah 201, 2nd Floor, Shatdal Complex, Ashram Chairman & Whole Time Director Road, Ahmedabad – 380009, Gujarat, India. Tel.: +91 79 26580461, 62, 63 Mukesh Kumar Jatin M. Shah Fax: +91 79 26580462 Chowdhary Managing Director Email: mcsstaahmd@gmail.com Website: www.mcsregistrars.com Pushpa M. Shah Executive Director REGISTERED & CORPORATE OFFICE Plot No.117, Ravi Industrial Estate, Mukesh Kumar Chowdhary Behind Prestige Hotel, Billeshwarpura, Chhatral, Tarachand R. Independent Director Gandhinagar-382729, Gujarat, India. Jain CIN: L65990GJ1992PLC017460 Tarachand R. Jain Tel.: +91 2764 232621/20 Email: investors@arfin.co.in Independent Director Website: www.arfin.co.in Ruchita Rahulkumar Nahata WORKS LOCATION-I Ruchita Independent Director 118/1,2,3,4 & 117/P-3,6,7, Ravi Industrial Estate, Rahulkumar Nahata Shubham Jain Behind Hotel Prestige, Billeshwarpura, Taluka – Kalol, District – Gandhinagar, Chief Financial Officer Chhatral – 382729, Gujarat, India. Tel.: +91 2764 232620 Natanya Kasaudhan Fax: +91 2764 232621 Company Secretary Shubham WORKS LOCATION-II Raman M. Jain & Co., Ahmedabad Jain New Block No. 132/P, (Old Block No. 75), Old Survey No. Statutory Auditors 77,78,79, Ahmedabad Mehsana Highway,Taluka – Kalol, District – Gandhinagar, Kamlesh M. Shah & Co., Ahmedabad Dhanot – 382729, Gujarat, India. Secretarial Auditors WORKS LOCATION-III Ashish Bhavsar & Associates, Ahmedabad Natanya Survey No. 238, B/h Bhagwati Glass, Kasaudhan Cost Auditors Taluka – Kalol, District – Gandhinagar, Vadaswami – 382729, Gujarat, India. MMMaaahhheeennndddrrraaa RRR... SSShhhaaahhh JJJaaatttiiinnn MMM... SSShhhaaahhh OOOuuurrr VVVIIISSSIIIOOONNN To establish Arfin as a globally trusted leader in sustainable aluminium and advanced metal solutions, expanding our footprints through innovation, operational excellence, strategic partnerships, and responsible growth - creating enduring value for customers, shareholders, employees, and society. Message of the CHAIRMAN The FUTURE BELONGS to organizations that transform change into opportunity and ambition into action Chairman’s Message ARFIN INDIA LIMITED 012 Chairman’s Message Mahendra R. Shah Chairman and Whole Time Director Arfin India Limited 013 ARFIN INDIA LIMITED Highlights of the Year HIGHLIGHTS FOR FY 2025-26 CONSOLIDATED FIGURES HIGHEST EVER EBITDA ` 4,708 PAT ` 1,545 GROSS SALES OF LAKHS WITH YEAR LAKHS WITH YEAR ` 71,343 ON YEAR GROWTH ON YEAR GROWTH LAKHS OF 23% OF 69% MAJOR ACHIEVEMENTS OF FY 2025-26 NSE Listing Interim Dividend Listed on NSE Declared an interim w.e.f. 22 July 2025. dividend at the rate of 11% on equity shares of face Enhanced market visibility value `1 each and investor reach. Dual listing on Commitment to NSE & BSE. shareholder value. ARFIN INDIA LIMITED 014 Message of the MANAGING DIRECTOR The future belongs to organizations that can adapt faster, innovate smarter, and execu [Showing first 8,000 characters — download PDF for full document]