Navin Fluorine International Limited (NFIL) announced the complete release of the pledge on all Equity Shares held by Promoter entity, Mafatlal Impex Private Limited. Following the release of 3,00,000 shares previously disclosed, the remaining 1,50,000 pledged shares have now been freed from the lien held by the State Bank of India (SBI). Consequently, the entire equity holding of the Promoters is now unencumbered, and the related pledge agreement has automatically terminated as of August 14, 2024.
Completion of Promoter Share Pledge Release
Navin Fluorine International Limited has officially informed the stock exchanges regarding the final resolution of a pledged share arrangement involving a Promoter entity. This follows up on an earlier intimation provided on August 22, 2024, concerning the initial release of 3,00,000 Equity Shares.
Final Share Release Details
The Company confirmed the final tranche release based on information received from Mafatlal Impex Private Limited. Specifically, the balance of 1,50,000 Equity Shares (face value of ₹2/- each) pledged in favour of the State Bank of India (SBI) has been successfully released. This release was executed as per the terms outlined in the Undertaking-cum-Indemnity previously signed by both the Company and Mafatlal Impex.
Status of Promoter Holdings
With this final action, the Promoters’ equity shares in the Company are now entirely free of any pledge or encumbrance. Furthermore, the Amended and Restated Agreement for Pledge, originally dated August 14, 2024, has automatically concluded without requiring any further formal action or deed, effective upon the final release by SBI.
This important corporate update was formally communicated on March 23, 2026, to both the BSE Limited and the National Stock Exchange of India Limited.
Source: BSE
