Navin Fluorine International Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015'.
NAVINFLUOR · price
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Mafatlal Impex Private Limited, a promoter of Navin Fluorine, has informed the company that 1,50,000 equity shares (0.29% of total promoter holding) previously pledged with State Bank of India have been released. The release was effective March 20, 2026, under an Undertaking-cum-Indemnity that also ends the Amended and Restated Pledge Agreement dated August 14, 2024. Mafatlal Impex continues to hold 1,30,36,149 equity shares (25.44%) in Navin Fluorine, and all such shares are now free of any pledge. The notional market value of the total promoter holding is approximately ₹91.86 crore based on the closing share price on March 20, 2026.
Positive signal for shareholders — the release of pledged shares removes a potential overhang and reduces the risk of forced selling. Promoter confidence in the company appears intact as the entire promoter holding is now unencumbered.