Navin Fluorine International Limited Discloses Pledge Release by Mafatlal Impex
Navin Fluorine International Limited announced on March 24, 2026, that Mafatlal Impex Private Limited has released a pledge on 150,000 equity shares held by the company. The release of the pledge, with a market value of ₹918.60 million, brings the total equity shares held by Mafatlal Impex to 1,30,36,149, representing 25.44% of the company. The amended and restated agreement for pledge dated August 14, 2024, has concluded without further action as per the undertaking-cum-indemnity.Details of Shareholding Changes
The following table summarizes the changes in shareholding:
| Name of Entity | Category of Person | Type of Security | Securities Held Prior to Disposal | Type of Security | Securities Disposed | Value (INR) | Transaction Type | Securities Held Post Disposal | Date of Intimation to Company |
|---|---|---|---|---|---|---|---|---|---|
| MAFATLAL IMPEX PRIVATE LIMITED | Promoter | Equity Shares | 1,30,36,149 (25.44%) Including pledged 1,50,000 Equity Shares (0.29%) | Equity Shares | Release of 1,50,000 pledged Equity Shares (0.29%) | ₹918.60 million | Release of pledged Equity Shares | 1,30,36,149 (25.44%) | March 24, 2026 |
Mafatlal Impex Private Limited is a promoter of Navin Fluorine International Limited. The closing share price of Navin Fluorine International Limited on the National Stock Exchange of India Limited was considered for the calculation.
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