Mafatlal Impex Private Limited, a promoter entity of Navin Fluorine International Limited (NFIL), has formally announced the release of a pledge on 1,50,000 Equity Shares. This action, finalized on March 20, 2026, confirms that the equity held by the entity is now entirely free of encumbrances. Consequently, the associated Amended and Restated Agreement for Pledge dated August 14, 2024, has automatically terminated as per the indemnity terms.
Confirmation of Share Pledge Release
Navin Fluorine International Limited (NFIL) has received necessary disclosures regarding a change in holding status from a key promoter entity, Mafatlal Impex Private Limited. This communication pertains to the mandatory disclosure requirements under securities regulations.
Details of Share Movement
The primary subject of the disclosure is the Release of Pledge involving 1,50,000 Equity Shares of NFIL. These shares, which previously represented 0.29% of the total equity, were held by Mafatlal Impex Private Limited (Promoter). Prior to this transaction, the entity held 1,30,36,149 Equity Shares, representing 25.44% of the paid-up capital.
- Shares Disposed (Released): 1,50,000 Equity Shares (0.29%) via Release of Pledge.
- Date of Disposal: The release occurred on March 20, 2026.
- Notional Value: The transaction was valued at ₹91,86,00,000 based on the closing price of ₹6,124 per share on the date of release.
- Holding Post-Transaction: The total equity shares held by Mafatlal Impex remains 1,30,36,149 (25.44%), but these are now entirely unencumbered.
Implications of Pledge Termination
The document confirms that the pledged shares are now free of any pledge. As a direct result of this release, the operative document governing the security—the Amended, and Restated Agreement for Pledge dated August 14, 2024—has automatically concluded without requiring any further action or deed, as stipulated in the underlying Undertaking-cum-Indemnity.
The Company Secretary confirmed receipt of the required disclosure on March 24, 2026, and this information has been concurrently made public via the company’s official website.
Source: BSE
