Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has today i.e. on August 05, 2025, entered into the following Agreements:1) Power Supply and Offtake Agreement with Pro-Zeal Green Power Eleven Private Limited ( SPV ) with lock-in for 15 years for supply of 6.60 MW captive hybrid - wind & solar power at the Company s Surat Unit;2) Investment and Shareholders' Agreement with Prozeal Green Power Private Limited ( PGPPL ) and SPV, for investment by the Company for an amount not exceeding in the aggregate, ₹6.60 crores by way of Equity Shares and Compulsory Convertible Debentures in the SPV representing 26%, in one or more tranches and balance 74% investment will be made by PGPPL.The above arrangement will facilitate significant savings on power costs of the Company whilst progressing delivery of the Company s sustainability goals over the contract period of the Agreement. In this regard, please find enclosed Annexure A.This intimation is also being made available on the Company s website www.nfil.in.
NAVINFLUOR · price
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Navin Fluorine has entered into two agreements with Prozeal Green Power: a 15-year Power Supply and Offtake Agreement for 6.60 MW captive hybrid (wind & solar) power at its Surat Unit, and an Investment & Shareholders' Agreement for a 26% stake in the SPV (Pro-Zeal Green Power Eleven Pvt Ltd). The company will invest up to ₹6.60 crores through equity shares and compulsorily convertible debentures, while Prozeal Green Power will hold the remaining 74%. The SPV was incorporated on May 26, 2025, has nil turnover, and is setting up the power plant in Gujarat, expected to be completed within 11 months. The arrangement is not a related party transaction and aims to deliver significant savings on power costs while advancing sustainability goals.
This is a small-ticket strategic investment (₹6.60 crores for 26%) that locks in long-term captive renewable power supply for the Surat facility, potentially reducing power costs and supporting ESG goals. The financial impact on the stock is likely negligible given the small size, but it signals progress on operational sustainability.