ARROWGREEN - Arrow Greentech
📢 Recent Corporate Announcements
Arrow Greentech Limited has announced a one-on-one meeting with analysts and investors scheduled for March 10, 2026. The interaction is set to take place between 03:30 PM and 04:30 PM IST. The company has clarified that the discussions will be strictly based on publicly available information. This meeting is part of the company's routine investor relations activities as per SEBI (LODR) Regulations, 2015.
- One-on-one meeting scheduled for Tuesday, March 10, 2026
- Meeting duration set for 1 hour from 03:30 PM to 04:30 PM IST
- Discussions will be limited to publicly available information only
- Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015
Arrow Greentech Limited has announced a one-on-one interaction with analysts and institutional investors scheduled for February 26, 2026. The meeting is set to occur between 03:30 PM and 04:30 PM IST to discuss company performance based on publicly available information. This disclosure is a routine compliance measure under Regulation 30 of SEBI (LODR) Regulations, 2015. While no new price-sensitive information will be shared, such meets often reflect management's proactive engagement with the market.
- One-on-one meeting scheduled for February 26, 2026, from 03:30 PM to 04:30 PM IST.
- Interaction involves analysts and institutional investors to discuss business updates.
- Discussions will be strictly limited to publicly available information.
- The announcement was filed on February 20, 2026, in compliance with SEBI listing obligations.
Arrow Greentech Limited has successfully secured a patent in Malaysia for its technology titled 'Security Laminates to Secure Documents and Method of Manufacturing the Same'. The patent, numbered MY-211221-A, was granted on November 19, 2025, following a priority filing date of March 12, 2020. This technology focuses on creating highly durable, tamper-evident, and difficult-to-counterfeit laminates for high-security documents like passports and ID cards. This grant strengthens the company's intellectual property portfolio and its competitive position in the global anti-counterfeit market.
- Patent No. MY-211221-A granted by the Malaysian Registrar of Patents for security laminate technology.
- The invention provides multiple layers of security for data pages in passports, voter IDs, and driver's licenses.
- The patent covers both the security element design and the specific manufacturing method using AGTL's expertise in chemistry and coating.
- The filing date for this patent was March 12, 2021, with a priority date of March 12, 2020.
- Management intends to commercialize this IP to expand its high-tech anti-counterfeit product segment internationally.
Arrow Greentech reported a steady Q3 FY26 with revenue growing 1.7% YoY to ₹561 million and PAT increasing 3.6% to ₹133 million. The Green Products segment showed exceptional growth of 94% YoY, increasing its revenue contribution from 10% to 18% of the total mix. Despite the quarterly improvement, 9M FY26 figures show a significant decline, with revenue down 14.7% and PAT down 22.6% YoY. The company continues to maintain high operational efficiency with EBITDA margins at 34.3%.
- Q3 FY26 Revenue stood at ₹561 million with EBITDA margins expanding 175 bps YoY to 34.3%.
- Green Products segment revenue surged 94% YoY to ₹103 million, acting as the company's new growth engine.
- High-Tech segment revenue, the primary driver, declined 8% YoY to ₹458 million in Q3.
- 9M FY26 performance remains weak compared to the previous year, with PAT falling to ₹400 million from ₹516 million.
- The company holds a strong intellectual property position with 24 granted patents and 40 trademarks globally.
Arrow Greentech's Board of Directors met on February 13, 2026, to address notices from BSE and NSE regarding delayed compliance with SEBI Regulation 23(9) concerning Related Party Transactions. The company confirmed that the fines levied by the stock exchanges for the delay, which originated from notices dated December 16, 2025, have been fully paid. The Board noted that the delay was not willful and has advised the management to ensure stricter compliance in the future. The company is currently strengthening its internal processes to prevent such inadvertent delays.
- Board addressed BSE and NSE notices dated December 16, 2025, regarding delayed Regulation 23(9) compliance.
- The company has paid the full amount of fines levied by the stock exchanges for the procedural delay.
- Board of Directors officially recognized the delay as non-willful during the meeting on February 13, 2026.
- Management has initiated steps to strengthen internal reporting processes to avoid future regulatory lapses.
Arrow Greentech reported a marginal 1.7% YoY increase in revenue to ₹561 million for Q3 FY26, while PAT grew 3.6% to ₹133 million. EBITDA margins showed improvement, rising 175 bps to 34.3% due to operational efficiencies. The Green Products segment emerged as a standout, growing 94% YoY to ₹103 million, though the High-Tech segment remains the primary revenue contributor at ₹458 million. Despite the stable quarter, the 9-month (9M FY26) performance shows a decline in both revenue and profit compared to the previous year.
- Q3 FY26 Revenue at ₹561 Mn (+1.7% YoY) and PAT at ₹133 Mn (+3.6% YoY).
- EBITDA margins expanded to 34.3% from 32.5% in the previous year's quarter.
- Green Products segment revenue doubled YoY to ₹103 Mn, signaling a shift towards sustainable tech.
- 9M FY26 performance remains lower than 9M FY25, with PAT down from ₹516 Mn to ₹400 Mn.
- High-Tech segment contributed ₹458 Mn, acting as a steady cash flow generator for R&D.
Arrow Greentech Limited's Board of Directors met on February 13, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The meeting, which lasted nearly three hours, also saw the approval of the Limited Review Report. The company confirmed that there were no deviations or variations in the use of funds as per SEBI regulations. While the cover letter does not detail specific revenue or profit figures, it marks the formal submission of the period's financial performance to the exchanges.
- Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
- The Board meeting was conducted on February 13, 2026, between 3:00 PM and 5:50 PM.
- Limited Review Report for the period was reviewed and taken on record by the Board.
- Company declared that the Statement of Deviation or Variation under Regulation 32 is not applicable.
Arrow Greentech Limited has received a demand order of ₹6.03 crores from the Income Tax Department for the assessment year 2017-18. The demand follows the dismissal of the company's appeal by the Commissioner of Income Tax (Appeals) regarding disallowed expenditures and deductions. In response, the company has filed a further appeal with the Income Tax Appellate Tribunal (ITAT) to contest the demand. Management has also requested a stay on the recovery of the amount until the ITAT proceedings are finalized.
- Income Tax demand of ₹6.03 crores issued for Assessment Year 2017-18.
- Demand stems from disallowances of certain expenditure and deductions claimed under the IT Act.
- The Commissioner of Income Tax (Appeals) dismissed the company's appeal on January 27, 2026.
- Company has initiated legal recourse by filing an appeal with the Income Tax Appellate Tribunal (ITAT).
- Management has requested the tax authorities to hold recovery pending the ITAT outcome.
Arrow Greentech Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed within the prescribed timelines. The registrar verified that security certificates were mutilated and cancelled, with the depositories' names substituted in the register of members. No requests for rematerialization were received during this period.
- Compliance certificate issued for the quarter ended December 31, 2025.
- MUFG Intime India Private Limited confirmed processing of dematerialization requests within timelines.
- Security certificates were mutilated and cancelled after verification by depository participants.
- Zero requests for rematerialization were received during the reporting quarter.
Arrow Greentech Limited has announced the closure of its trading window for all designated persons starting January 01, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results for the quarter and nine months ending December 31, 2025. The trading window will remain closed until 48 hours after the official declaration of these financial results. This is a standard regulatory procedure for listed companies in India to prevent insider trading during the sensitive period before earnings announcements.
- Trading window closure effective from January 01, 2026.
- Closure is related to the financial results for the quarter and nine months ending December 31, 2025.
- Trading window to reopen 48 hours after the results are declared to the stock exchanges.
- Applies to all designated persons as per the Company's Code of Conduct and SEBI regulations.
Arrow Greentech Limited has scheduled a meeting with analysts and investors on December 11, 2025, from 04:00 PM to 05:00 PM (IST). These one-on-one discussions will be based on publicly available information. The announcement is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Changes to the schedule may occur due to unforeseen circumstances.
- Analyst/Investor Meet scheduled for December 11, 2025
- Meeting time: 04:00 PM to 05:00 PM (IST)
- Company CIN No.: L21010MH1992PLC069281
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Financial Performance
Revenue Growth by Segment
Green Products segment revenue grew 71% QoQ to INR 12.3 Cr in Q2 FY26 and 63% YoY in H1 FY26. High-tech Products segment revenue grew 42% QoQ to INR 48.8 Cr in Q2 FY26, though it declined 30% YoY in H1 FY26.
Geographic Revenue Split
Not disclosed in percentage terms, but foreign subsidiaries Arrow UK and Europe are reported as generating substantial revenues with expansion plans for South America and Africa.
Profitability Margins
Gross Profit Margin was 52.4% in Q2 FY26, down from 57.4% in Q2 FY25. PAT Margin stood at 25.3% in Q2 FY26 compared to 28.2% in Q2 FY25.
EBITDA Margin
EBITDA Margin was 34.0% in Q2 FY26, reflecting a decrease from 40.6% in Q2 FY25, primarily due to a 30% YoY decline in the high-margin High-tech Product segment during H1.
Capital Expenditure
Capital Work-in-Progress (CWIP) was INR 1.5 Cr as of September 30, 2025. Property, Plant, and Equipment (PPE) stood at INR 29.4 Cr.
Credit Rating & Borrowing
Not disclosed, but finance costs are minimal at INR 0.1 Cr for Q2 FY26, suggesting low reliance on external debt.
Operational Drivers
Raw Materials
Not disclosed in specific chemical terms, but includes materials for water-soluble and bio-compostable films.
Import Sources
China is identified as a source for competitive extruded films.
Capacity Expansion
Not disclosed in MT/units, but the company is scaling its Green Products segment which saw a 71% QoQ revenue increase.
Raw Material Costs
Total raw material costs (including stock in trade) were INR 29.0 Cr in Q2 FY26, representing 47.5% of total revenue.
Strategic Growth
Growth Strategy
Growth will be achieved by scaling the Green Products segment (up 63% YoY in H1), commercializing 27 granted patents through Arrow UK, and expanding high-tech security exports to the EU, EEA, South America, and Africa.
Products & Services
Water-soluble films, bio-compostable films, and high-tech security products used for anti-counterfeiting and document fraud protection.
Brand Portfolio
Watersol, Avery Pharmaceuticals.
New Products/Services
Expansion of bio-compostable films within the Green Products segment, which contributed 20% of Q2 FY26 revenue.
Market Expansion
Targeting expansion into Europe, South America, and Africa through Avery Pharmaceuticals and Watersol divisions.
External Factors
Industry Trends
Global shift toward sustainability is driving the 63% YoY growth in Green Products. Increasing global document fraud is driving demand for high-tech security features.
Competitive Landscape
Competition from Chinese manufacturers of non-standard extruded films and potential technological obsolescence.
Competitive Moat
Strong IP moat with 27 granted patents and 43 pending applications globally, protecting niche water-soluble and security film technologies.
Macro Economic Sensitivity
High sensitivity to geopolitical developments and global shifts, which contributed to a 30% YoY decline in the High-tech Product segment in H1 FY26.
Consumer Behavior
Increasing consumer and industrial preference for environmentally responsible and sustainable packaging solutions.
Geopolitical Risks
Geopolitical developments are cited as a primary threat to business fluctuations and segment performance.
Regulatory & Governance
Industry Regulations
Operations are influenced by global sustainability mandates and anti-counterfeiting standards.
Environmental Compliance
Not disclosed in absolute INR, but sustainability is a core business imperative driving the Green Products segment.
Taxation Policy Impact
Effective tax rate of approximately 24% in Q2 FY26 (INR 5.0 Cr tax on INR 20.8 Cr PBT).
Legal Contingencies
No non-compliance or penalties imposed by SEBI, Stock Exchanges, or other statutory authorities in the last three years.
Risk Analysis
Key Uncertainties
Geopolitical developments and technological obsolescence are key risks; the High-tech segment saw a 30% YoY revenue decline in H1 FY26.
Geographic Concentration Risk
Not disclosed in percentage terms, but has significant exposure to the UK and European markets.
Technology Obsolescence Risk
High risk due to the niche nature of products; mitigated by a pipeline of 43 pending patent applications.
Credit & Counterparty Risk
Trade receivables stood at INR 71.9 Cr as of September 30, 2025, up from INR 58.5 Cr in March 2025.