NSEGeneral Updates2d ago · 27 Jul 2026, 09:13 pm
General Updates
Navin Fluorine International Limited · NAVINFLUOR
✦ AI Summary▲ PositiveExpansion
Navin Fluorine International Limited has entered into Amendment Agreements with Pro-Zeal Green Power Eleven Private Limited and Prozeal Green Power Private Limited to secure additional supply of captive hybrid - wind & solar power at its Surat Unit, and to invest in Compulsory Convertible Debentures in the SPV. This will facilitate significant savings on power costs and progress the Company's sustainability initiatives.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015and in furtherance to our intimation dated August 05, 2025, this is to inform you that the Companyhas today i.e. on July 27, 2026, entered into the following Amendment Agreements:1) Power Supply and Offtake Amendment Agreement with Pro-Zeal Green Power Eleven PrivateLimited ( SPV ) for supply of 3.30 MW captive hybrid - wind & solar power at the Company sSurat Unit, in addition to the supply of 6.60 MW captive hybrid - wind & solar power, underthe original Power Supply and Offtake Agreement with SPV;2) Investment and Shareholders' Amendment Agreement with Prozeal Green Power PrivateLimited ( PGPPL ) and SPV, for investment by the Company for an amount not exceeding ₹3.63crores by way of Compulsory Convertible Debentures in the SPV representing 26%, in one ormore tranches (and balance 74% investment will be made by PGPPL), to secure the additionalsupply as mentioned above. This will be in addition to the investment by the Company for anamount upto ₹6.60 crores, under the original Investment and Shareholders' Agreement.The above arrangement will facilitate significant savings on power costs of the Company whilstprogressing the Company s sustainability initiatives. In this regard, please find enclosed Annexure A.This intimation is also being made available on the Company s website www.nfil.in.
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••a PADMANABH
~[ NAVIN FLUORINE
J ••" MAFATLAL
International Limited
GROUP
July 27, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort, Bandra Kurla Complex, Bandra (East),
Mumbai 400001 Mumbai 400051
Scrip Code: 532504 Symbol: NAVINFLUOR
Dear Sir / Madam,
Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
and in furtherance to our intimation dated August 05, 2025, this is to inform you that the Company
has today i.e. on July 27, 2026, entered into the following Amendment Agreements:
1) Power Supply and Offtake Amendment Agreement with Pro-Zeal Green Power Eleven Private
Limited (‘SPV’) for supply of 3.30 MW captive hybrid - wind & solar power at the Company’s
Surat Unit, in addition to the supply of 6.60 MW captive hybrid - wind & solar power, under
the original Power Supply and Offtake Agreement with SPV;
2) Investment and Shareholders' Amendment Agreement with Prozeal Green Power Private
Limited (‘PGPPL’) and SPV, for investment by the Company for an amount not exceeding ₹3.63
crores by way of Compulsory Convertible Debentures in the SPV representing 26%, in one or
more tranches (and balance 74% investment will be made by PGPPL), to secure the additional
supply as mentioned above. This will be in addition to the investment by the Company for an
amount upto ₹6.60 crores, under the original Investment and Shareholders' Agreement.
The above arrangement will facilitate significant savings on power costs of the Company whilst
progressing the Company’s sustainability initiatives. In this regard, please find enclosed Annexure A.
This intimation is also being made available on the Company’s website www.nfil.in.
Kindly take this information on your record.
Thanking You,
Yours faithfully,
For NAVIN FLUORINE INTERNATIONAL LIMITED
Niraj B. Mankad
President Legal and Company Secretary
Encl.: a/a
Navin Fluorine International Limited 602, 6th Floor, Natraj By Rustomjee, M.V. Road, Western Express Highway,
Near Kanakia 351 Building, Andheri (East), Mumbai 400069 India. T: +91 22 6650 9999 E: info@nfil.in W: www.nfil.in • • •
CIN: L24110MH1998PLC115499
••a PADMANABH
~[ NAVIN FLUORINE
J ••" MAFATLAL
International Limited
GROUP
Annexure A
Sr. Particulars Details
1) Name of the target entity, Pro-Zeal Green Power Eleven Private Limited, Special
details in brief such as size, Purpose Vehicle (‘SPV’) formed for setting up of an
turnover etc. additional 3.30MW captive hybrid, wind and solar power
generation plant in Gujarat.
Turnover of the SPV is nil.
2) Whether the acquisition would The transaction is not a related party transaction.
fall within related party
transaction(s) and whether the None of the promoter/ promoter group / group companies
promoter/ promoter group/ have any interest in the SPV.
group companies have any
interest in the entity being
acquired? If yes, nature of
interest and details thereof and
whether the same is done at
“arm’s length”
3) Industry to which the entity SPV is in the business of generation and transmission of
being acquired belongs wind and solar power for captive consumption.
4) Objects and impact of For catering to the power requirements at Surat Unit of the
acquisition (including but not Company by guaranteed captive power generation
limited to, disclosure of through supply of hybrid power - wind and solar. This will
reasons for acquisition of result in achieving significant savings on power costs whilst
target entity, if its business is progressing the Company’s sustainability initiatives.
outside the main line of
business of the listed entity)
5) Brief details of any None
governmental or regulatory
approvals required for the
acquisition
6) Indicative time period for 11 Months from execution of Agreements
completion of the acquisition
7) Consideration - whether cash Cash consideration
consideration or share swap or
any other form and details of
the same
8) Cost of acquisition and/or the Not exceeding ₹3.63 crores through investment in
price at which the shares are Compulsorily Convertible Debentures.
acquired
9) Percentage of shareholding / 26% by the Company & balance 74% by Prozeal Green
control acquired and / or Power Private Limited.
number of shares acquired
Navin Fluorine International Limited 602, 6th Floor, Natraj By Rustomjee, M.V. Road, Western Express Highway,
Near Kanakia 351 Building, Andheri (East), Mumbai 400069 India. T: +91 22 6650 9999 E: info@nfil.in W: www.nfil.in • • •
CIN: L24110MH1998PLC115499
••a PADMANABH
~[ NAVIN FLUORINE
J ••" MAFATLAL
International Limited
GROUP
10) Brief background about the SPV has been incorporated on May 26, 2025, in India, for
entity acquired in terms of setting up of captive wind and solar power generation
products/line of business plant in Gujarat.
acquired Date of incorporation,
history of last 3 years turnover, The turnover of SPV is nil since its incorporation.
country in which the acquired
entity has presence and any
other significant information
(in brief)
**********
Navin Fluorine International Limited 602, 6th Floor, Natraj By Rustomjee, M.V. Road, Western Express Highway,
Near Kanakia 351 Building, Andheri (East), Mumbai 400069 India. T: +91 22 6650 9999 E: info@nfil.in W: www.nfil.in • • •
CIN: L24110MH1998PLC115499