Investment14 Mar 2026, 12:01 pm
Arfin India Ltd to Subscribe to Wholly Owned Subsidiary's Rights Issue for ¥4,50,00,000
AI Summary
Arfin India Ltd announced at their board meeting held on March 14, 2026, their decision to subscribe to the Rights Issue of their Wholly Owned Subsidiary, Arfin Titanium & Speciality Alloys Limited. The Company has approved to subscribe to the Rights Issue for an amount up to ¥4,50,00,000 (Rupees Four Crore and Fifty Lakhs only) or such higher amount as may be required. The subsidiary company is engaged in manufacturing and trading of Non-ferrous metal. The acquisition is not a related party transaction and does not require any governmental or regulatory approvals.
Key Highlights
- Arfin India Ltd to subscribe to the Rights Issue of its Wholly Owned Subsidiary.
- The subsidiary, Arfin Titanium & Speciality Alloys Limited, is engaged in manufacturing and trading of Non-ferrous metal.
- The Company has approved to invest an amount up to ¥4,50,00,000 (Rupees Four Crore and Fifty Lakhs only).
- The acquisition is not a related party transaction.
- No governmental or regulatory approvals are required for the acquisition.