Arfin India MD, chairman, board of directors and AGM
NSE: ARFINBSE: 539151Non - Ferrous MetalsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹90.60.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,420 Cr1,313th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 11 Aug 2026
- 77.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 11 May 2026
- 8.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.14%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 11 Aug 2026
- 11.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 11 Aug 2026
- 15.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 11 May 2026
- 0.76
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 14,43,95037.1% delivered
Arfin India board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonMAHENDRAKUMAR RIKHAVCHAND SHAH
- Managing directorJATIN MAHENDRAKUMAR SHAH
6 directors3 independent3 executive
- MAHENDRAKUMAR RIKHAVCHAND SHAH · ChairpersonExecutive · joined Sep 1998 · reappointed Oct 2024 · 1 listed board · 2 committee seats
- JATIN MAHENDRAKUMAR SHAH · Managing directorExecutive · joined Jun 2012 · reappointed Oct 2024 · 1 listed board
- PUSHPABEN MAHENDRAKUMAR SHAHExecutive · joined Nov 2015 · 1 listed board · 1 committee seat
- MUKESH SHANKERLAL CHOWDHARYIndependent · joined Nov 2017 · reappointed Nov 2022 · 104 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- TARACHAND ROOPCHAND JAINIndependent · joined Nov 2023 · 33 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- RUCHITA RAHULKUMAR NAHATAIndependent · joined Apr 2025 · 17 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 18 Sep 20266 of 6 present3 independent · 37 days in between
- 11 Aug 20266 of 6 present3 independent · 91 days in between
- 11 May 20266 of 6 present3 independent
Audit Committee
Chair TARACHAND ROOPCHAND JAIN
MUKESH SHANKERLAL CHOWDHARY, RUCHITA RAHULKUMAR NAHATA, MAHENDRAKUMAR RIKHAVCHAND SHAH
- 18 Sep 20264 of 4 present3 independent · 37 days in between
- 11 Aug 20264 of 4 present3 independent · 91 days in between
- 11 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair MUKESH SHANKERLAL CHOWDHARY
TARACHAND ROOPCHAND JAIN, RUCHITA RAHULKUMAR NAHATA
- 11 Aug 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair MUKESH SHANKERLAL CHOWDHARY
MAHENDRAKUMAR RIKHAVCHAND SHAH, PUSHPABEN MAHENDRAKUMAR SHAH
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair MAHENDRAKUMAR RIKHAVCHAND SHAH
PUSHPABEN MAHENDRAKUMAR SHAH, MUKESH SHANKERLAL CHOWDHARY
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- RAMAN M. JAIN & CO.Peer-review certificate valid to Dec 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Arfin India AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Arfin India dividend history
Annual general meeting, 19 Sep 2026
13,983 shareholders on the register on 12 Sep 2026; present: 8 promoters and 40 others; votes counted by KAMLESH M SHAH / KAMLESH M SHAH AND COMPANY.The company's voting result (opens in a new tab)
1. Adoption of Standalone Audited Financial Statements of the Company and Reports of the Directors and Auditors thereon for the financial year ended on March 31, 2026. 2. Adoption of Consolidated Audited Financial Statements of the Company and Reports of the Auditors thereon for the financial year ended on March 31, 2026.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.09% · promoters 100.00% · institutions 0.97% · other public 38.90%
- TO APPOINT A DIRECTOR IN PLACE OF MR. JATIN M. SHAH (DIN: 00182683), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.09% · promoters 100.00% · institutions 0.97% · other public 38.90%
- RATIFICATION OF REMUNERATION PAYABLE TO Mis. ASHISH BHAVSAR AND ASSOCIATES, THE COST AUDITORS FOR THE YEAR 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.09% · promoters 100.00% · institutions 0.97% · other public 38.90%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 6 Sep 2025, 4 resolutions
9,658 shareholders on the register on 30 Aug 2025; present: 6 promoters and 54 others; votes counted by KAMLESH M SHAH / KAMLESH M SHAH AND COMPANY.The company's voting result (opens in a new tab)
1. Adoption of Standalone Audited Financial Statements of the Company and Reports of the Directors and Auditors thereon for the financial year ended on March 31, 2025. 2.Adoption of Consolidated Audited Financial Statements of the Company and Reports of the Auditors thereon for the financial year ended on March 31, 2025. B. Adoption of Consolidated Audited Financial Statements of the Company and Reports of the Auditors for the financial year ended on March 31, 2025.MoreLess
Ordinary91.45% for8.55% againstAgainst: promoters 0.00% · institutions 0.00% · other public 43.58%
Turnout: all 67.91% · promoters 78.21% · institutions 0.00% · other public 48.03%
- Appointment of a Director in place of Mr. Mahendra R. Shah (DIN: 00182746), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 67.91% · promoters 78.21% · institutions 0.00% · other public 48.03%
- Appointment of M/s Kamlesh Shah & Co., as a Secretarial Auditor of the company for a period of 5 yearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 67.91% · promoters 78.21% · institutions 0.00% · other public 48.03%
- Ratification of remuneration payable to the Cost Auditor of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 67.91% · promoters 78.21% · institutions 0.00% · other public 48.03%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states and its own uses differ by fifty times or more, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesApr 2024 | – | CAPEX INVESTMENT | – | – | No |
| Preferential IssuesApr 2024 | – | WORKING CAPITAL REQUIREMENT | – | – | No |
| Preferential IssuesApr 2024 | – | GENERAL CORPORATE PURPOSE | – | – | No |