Analysts/Institutional Investor Meet/Con. Call Updates

November 06, 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.: Transcript of Earnings Call held for the quarter and half year ended September 30, 2026 Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Company’s Earnings Call held on October 30, 2026 regarding discussion on operational and financial performance for the quarter and half year ended September 30, 2026 (Q2 & H1 of FY 2026-27) is enclosed herewith. This intimation is also being made available on the Company’s website at www.nfil.in. Request you to take this intimation on 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 Q2 & H1 FY27 Earnings Conference Call” October 30, 2026 MANAGEMENT: MR. VISHAD MAFATLAL – CHAIRMAN – NAVIN FLUORINE INTERNATIONAL LIMITED MR. NITIN KULKARNI – MANAGING DIRECTOR – NAVIN FLUORINE INTERNATIONAL LIMITED MR. ANISH GANATRA – CHIEF FINANCIAL OFFICER – NAVIN FLUORINE INTERNATIONAL LIMITED MODERATOR: MS. PAYAL DAVE – CYGNUS PARTNERS MS. POOJA SWAMI – CYGNUS PARTNERS Page 1 of 16 Navin Fluorine International Limited October 30, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Navin Fluorine International Limited Conference Call hosted by Cygnus Partners. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Today on the call, we have with us Mr. Vishad Mafatlal, Chairman; Mr. Nitin Kulkarni, Managing Director; and Mr. Anish Ganatra, Chief Financial Officer. This call will contain forward-looking statements about the company, which are completely based on the beliefs, opinion and expectation of today's call. Actual results may differ materially. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. A detailed safe harbor statement is given on the Page number 2 of the investor presentation of the company, which is uploaded on stock exchange and on the company's website. With this, I now hand the conference over to Mr. Vishad Mafatlal for his opening remarks. Thank you, and over to you, sir. Vishad Mafatlal: Navin Fluorine's Q2 and H1 FY27 Earnings Conference Call. Joining me today are our Managing Director, Mr. Nitin Kulkarni; our Chief Financial Officer, Mr. Anish Ganatra; and Ms. Payal Dave from Cygnus Partners, our Investor Relations Advisors. Before we proceed, I would like to take this opportunity to thank MUFG Intime team for supporting us in managing our Investor Relations activities during the last 5 years. We appreciate their contribution and assistance extended to us during this period. We have appointed Cygnus Partners as our Investor Relations consultant. We look forward to working with them as we continue to strengthen our engagement with the investor community. Coming to our performance in the first half of FY27, our PAT crossed INR500 crores with an EPS of INR100. This result reflects our continued focus on strengthening our business, building capabilities for the future and advancing our strategic priorities through disciplined execution. As we navigate the evolving business environment, our priority remains to strengthen our business fundamentals and deliver sustainable growth across all verticals. At the same time, the safety, health and well-being of our employees remain paramount, and we continue to uphold high standards of safety and operational excellence across our facilities. I am also pleased to share that the Board has declared an interim dividend of INR8 per equity share with a face value of INR2 per share. In our HPP business, we continue to strengthen long-term customer relationships and commercial partnerships. In this context, I would like to highlight an important development announced recently. The tenure of our existing HFO supply contract with Solstice Advanced Materials has been extended Page 2 of 16 Navin Fluorine International Limited October 30, 2026 by 4 years until December 2032 and will have an additional revenue potential of approximately USD180 million. I thank the management at Solstice for their continued trust in our capabilities and look forward to deepening our relationships with them. We are also making steady progress in developing Advanced Materials as a potential growth platform over the longer term. We are focusing on specialized applications across areas such as data centers, electronics, semiconductors and defense, leveraging our expertise in fluorination chemistry and R&D capability. We are confident this business will create additional growth opportunities for us. Let me now provide a brief update on our ongoing capex programs. During the quarter, we commissioned the debottlenecking of our MPP capacity at Dahej. Our HFC capacity expansion is progressing as planned and remains on track for commissioning shortly. The Chemours project, which will enable us to participate in the emerging advanced cooling market, is also progressing towards commissioning in Q3 FY27. Our investment in advanced material adoption capacity is progressing as per schedule and is expected to commission by Q2 FY28. In our CDMO business, Phase 2 of the cGMP-4 facility involving a capex of approximately INR125 crores is progressing as planned and is expected to become operational by the end of Q4 FY27. The TDF project to develop an indigenous specialty material with DRDO is progressing well as per schedule. While we deliver sustainable results and continue to invest in growth projects, the leadership and I are actively looking at meaningful investments in cutting-edge technologies that drive value for all our customers and ourselves. This includes enhancing the integration of digital technologies across our businesses, leveraging AI to strengthen our research capabilities and optimize our processes. We are also investing in renewable energy across plants, which will meet more than 60% of our energy requirements through renewable resources. As we progress to the next phase of growth, we recognize the importance of continuously strengthening our organizational capabilities and investing in our people. We remain committed to developing our existing talent, enhancing critical skill sets and building the capabilities required to support our evolving business needs and long-term growth ambitions. I would like to also thank our customers, employees, partners and all stakeholders for their continued trust and support, and we look forward to building on this foundation in the years ahead. With that, I wish you and your families a very Happy Diwali and a prosperous New Year in advance. I will now hand over to Nitin to take you through our business and operating performance. Nitin Kulkarni: Thank you, Vishad bhai. And good evening, everyone, and thank you for attending the call today. We have delivered strong set of results in what is otherwise a very volatile geopolitical environment. Page 3 of 16 Navin Fluorine International Limited October 30, 2026 In this regard, I would like to recognize the efforts of our leadership and their teams for their commitment, agility and effectiveness in navigating these challenging times. All our business verticals witnessed a strong performance during the quarter, supported by healthy growth momentum. In our HPP business, we continued to deliver healthy revenue growth during the quarter, supported by higher volumes and improved realization. The pricing environment f [Showing first 8,000 characters — download PDF for full document]