Based on the recommendation of the Audit Committee, the Board of Directors has approved,the appointment of Parikh & Associates, Practising Company Secretaries as SecretarialAuditors of the Company for Secretarial Audit for 5 consecutive years commencing fromFinancial Year 2025-2026 till Financial Year 2029-2030, subject to approval of the Members ofthe Company at the forthcoming 27th Annual General Meeting. The relevant details areprovided in - Annexure E.
NAVINFLUOR · price
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Navin Fluorine's board approved audited FY25 results showing consolidated revenue from operations of ₹2,349.38 crores (up ~14% YoY) and profit after tax of ₹288.58 crores (up ~6.7% YoY); standalone revenue grew ~19% to ₹1,686.81 crores with PAT of ₹241.93 crores. The board recommended a final dividend of ₹7 per share (350% on face value of ₹2), taking total FY25 dividend to ₹12 per share (600%), with record date July 4, 2025. Mr. Ashok U. Sinha was re-appointed as Independent Director for another 5-year term from October 28, 2025, and Parikh & Associates was appointed as Secretarial Auditor for FY2025-26 to FY2029-30. The board also approved a proposal to raise up to ₹750 crores through equity, GDRs, ADRs, FCCBs, or other instruments via QIP/preferential/private placement, subject to shareholder approval.
Steady revenue and profit growth along with a healthy final dividend are positive for shareholders, though the ₹750 crore fund-raising plan could lead to equity dilution and may be a near-term overhang on the stock. The re-appointment of an independent director and appointment of a new secretarial auditor are routine governance items and should not materially affect the stock.