Navin Fluorine International Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2025 ,inter alia, to consider and approve Update on board meeting
NAVINFLUOR · price
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Navin Fluorine International has informed BSE that its Board will meet on May 9, 2025 to consider and approve the audited standalone and consolidated financial results for FY ending March 31, 2025. Additionally, since the earlier shareholder approval for raising funds up to ₹750 crores (passed at the AGM on August 1, 2024) is about to lapse after its 365-day validity, the Board will also discuss a fresh proposal for fund raising. The company is considering issuing equity shares or other instruments through QIP, private placement, public issue, preferential issue, or a combination of these modes, subject to shareholder and regulatory approvals.
Shareholders should watch for potential equity dilution if the company proceeds with a capital raise of up to ₹750 crores. The stock may see short-term volatility around the board meeting on May 9, 2025 as the market digests the fund-raising intent.