Mafatlal Impex Private Limited has officially disclosed the release of a pledge on 1,50,000 Equity Shares of Navin Fluorine International Limited (NFIL). This action, effective as of March 20, 2026, confirms that the shares held by the promoter entity are now free of any encumbrance. The underlying Amended and Restated Agreement for Pledge, dated August 14, 2024, has automatically terminated, as confirmed by the company in its filing dated March 24, 2026.
Formal Disclosure of Share Encumbrance Release
Mafatlal Impex Private Limited, acting as a promoter entity of Navin Fluorine International Limited (NFIL), submitted a formal disclosure regarding the release of pledged equity shares. The disclosure was made to the stock exchanges and the Target Company on March 24, 2026, detailing an event that occurred on March 20, 2026.
Key Details of the Release Event
The specific event pertains to the Release of Pledged Equity Shares. The quantity of shares released was 1,50,000 Equity Shares, representing 0.29% of the total share capital of NFIL. These shares were previously pledged in favor of the State Bank of India.
The filing explicitly notes that the transaction marks the effective release of all such pledged shares. Furthermore, the Amended, and Restated Agreement for Pledge dated August 14, 2024, has automatically terminated without any further action, as stipulated by the Undertaking-cum-Indemnity.
Shareholding Status Post-Release
Following this release, the promoter holding in NFIL by Mafatlal Impex Private Limited stands at 13,036,149 shares, accounting for 25.44% of the total share capital. The table confirms that subsequent to the release, the entity’s post-event holding of encumbered shares is Nil.
The disclosure encompasses the shareholding details of various related promoter and PAC entities, including Mafatlal Family Trust No. 1 (0.75%) and Vishad Padmanabh Mafatlal (0.64%), confirming their respective unchanged holdings after this specific pledge release event.
Source: BSE
