Annual Secretarial Compliance Report for financial year ended March 31, 2025
ARFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Arfin India Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, certified by Kamlesh M. Shah & Co., Practicing Company Secretaries, as required under SEBI LODR Regulation 24A. During the year, the company issued 97,98,432 equity shares on a preferential basis on 16/04/2024 at Rs. 53.58 per share (Rs. 1 face value plus Rs. 52.58 premium). It also formed a 100% wholly-owned subsidiary, Arfin Titanium and Speciality Alloys Limited, on 14/01/2025, by subscribing to 9,99,990 equity shares of Rs. 1 each, with the subsidiary yet to commence commercial operations. The report confirms compliance with most SEBI regulations, including Secretarial Standards, related-party transactions, insider trading, and corporate governance disclosures. A few past non-compliances (board composition, demat mismatch, promoter PAN mismatch, and late shareholding pattern filing) were flagged, with fines either paid (Rs. 1,53,400 for board composition; Rs. 2,000 waiver application pending for late SHP filing) or rectified.
This is a routine annual regulatory filing confirming Arfin India's compliance status with SEBI listing rules. The creation of a new subsidiary in titanium and speciality alloys signals a possible diversification move, though it is not yet operational. Minor historical penalties have been settled, indicating the company is actively resolving compliance gaps without major ongoing risk to shareholders.