Arfin India Limited has informed the Exchange about to subscribe equity shares of company's Wholly Owned Subsidiary via Right Issue
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The Board of Arfin India Limited approved subscribing to the Rights Issue of its Wholly Owned Subsidiary, Arfin Titanium & Speciality Alloys Limited, for an amount up to Rs. 4.50 Crore (potentially higher if required). The subsidiary was incorporated on January 14, 2025, and is engaged in manufacturing and trading of non-ferrous metals. The investment is in cash and is intended to fund the subsidiary's business operations and growth requirements. Post-subscription, the subsidiary will continue to remain a Wholly Owned Subsidiary of the company. The transaction is a related-party deal at arm's length, with no promoter group interest beyond their existing shareholding.
This is a routine capital infusion into a wholly owned subsidiary and does not change the ownership structure. The Rs. 4.50 Crore commitment is relatively small and signals the company is funding growth in its titanium and specialty alloys business, with limited direct impact on the parent company's shareholders.