Navin Fluorine International Limited Announces Release of Remaining Pledged Shares
Navin Fluorine International Limited announced the release of 150,000 equity shares from a pledge held by Mafatlal Impex Private Limited, a promoter of the company. The release, which became effective upon confirmation from State Bank of India (SBI), follows an earlier intimation dated August 22, 2024, regarding the release of a portion of pledged shares.Previously, 300,000 equity shares were released from the pledge. The remaining 150,000 shares were pledged in favor of SBI. The release was facilitated by an Undertaking-cum-Indemnity executed by both the company and Mafatlal Impex.
With the complete release of pledged shares, the Amended and Restated Agreement for Pledge dated August 14, 2024, has concluded. Promoters' equity shares in the company are now free of any pledge.
The information is available on the company's website at www.nfil.in.
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