Transcript of Earnings Call held for the quarter ended June 30, 2026

August 11, 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 ended June 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 August 05, 2026 regarding discussion on operational and financial performance for the quarter ended June 30, 2026 (Q1 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 Q1 FY27 Earnings Conference Call” August 05, 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 – MUFG INTIME MS. POOJA SWAMI – MUFG INTIME Page 1 of 16 Navin Fluorine International Limited August 05, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Navin Fluorine International Limited Conference Call hosted by MUFG. As a reminder, all participants' lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand over the conference to Ms. Pooja Swami from MUFG. Thank you, and over to you, ma'am. Pooja Swami: Thank you, Pari. Good evening, everyone, and welcome to the Q1 FY '27 Earnings Conference Call of Navin Fluorine International Limited. 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 beliefs, opinions and expectations as of today. Actual results may differ materially. These statements are not the guarantee of our future performance and involve risks and uncertainties that are difficult to predict. A detailed safe harbor statement is given on Page 2 of the investor presentation of the company, which is uploaded on stock exchanges and on the company's website. With this, I hand over the call to Mr. Vishad Mafatlal for his opening remarks. Thank you, and over to you, sir. Vishad Mafatlal: Thank you. Good evening, everyone, and welcome to Navin Fluorine's Q1 FY '27 Earnings Call. I am joined today by our MD, Mr. Nitin Kulkarni, our CFO, Mr. Anish Ganatra; and Ms. Payal Dave, our Investor Relations Advisor. I am pleased to share that we continue to execute our strategy with discipline while responding to the evolving business environment. Our performance reflects the strength of our differentiated business model, the resilience of our customer relationships and our continued focus on disciplined execution. Equally important is the safety, health and well-being of our employees, which remains a core priority, and we remain committed to maintaining high standards across all our operations as we pursue sustainable growth. As part of our long-term strategy, we are building a strong pipeline of advanced materials that can evolve into a high-growth, high-margin business vertical. Our focus is on applications catering to sectors such as data centers, electronics, semiconductors and defense. Leveraging our core fluorination chemistry expertise and strong R&D capabilities, we are developing differentiated solutions for global companies in these sectors. We have made significant progress in building our advanced materials business. Key achievements include the Chemours liquid cooling project, adoption facility of advanced materials and a technology development partnership with DRDO. These milestones reflect our steady move towards commercialization. We remain positive about the long-term growth Page 2 of 16 Navin Fluorine International Limited August 05, 2026 potential of this business and are continuing to invest in the skills, technology and manufacturing infrastructure needed for future growth. These initiatives are expected to generate meaningful contributions over the medium to long term as customer adoption increases. Now let me brief you on these developments in detail. The adoption capacity. The Board has approved a new capex of INR90 crores funded through internal accruals towards setting up adoption capacities for our advanced materials business. This capex will cater to the pipeline of indigenous products for emerging sectors mentioned earlier. DRDO. We are proud to partner with DRDO, Ministry of Defense, Government of India on a critical TDF project to develop an indigenous specialty material. By transitioning of this highly critical imported chemical into a localized asset, we are directly contributing to nation's strategic autonomy. This milestone underscores Navin's unwavering commitment to India's economic growth, technological capability and the mission for Atmanirbhar Bharat. Together with DRDO, we look forward to engineering a more self-reliant tomorrow. Chemours project. Chemours project, which also form a part of this vertical is targeted for completion by end of Q2 FY '27. In addition to the capex in the advanced materials, we have initiated in our CDMO business, Phase 2 cGMP4 capex of INR125 crores funded through internal accruals, expected to operationalize by Q4 FY '27. Phase 2 of our capacity expansion is supported by growing demand from our European CDMO partner and an expanded footprint in their supply chain. This capex was a part of the cGMP4 capex of INR288 crores approved by the Board in Feb of '24. Phase 1 of this capex was operationalized in Q3 FY '26. Let me now brief you on the ongoing capex across our existing business verticals. The HFC capacity expansion, the additional HFC capacity equivalent to up to 15,000 metric tons of R32 remains on track for commissioning in Q3 FY '27. MPP capacity expansion, debottlenecking activities at our Dahej MPP facilities are progressing well and are expected to be completed by Q3 FY '27. A renewable energy project, an investment of INR15.73 crores in a group captive hybrid renewable project for 14.9 megawatts of renewable power supports our sustainability and decarbonization goals. Once operational, this project is expected to meet more than 60% of our energy requirements through renewable sources. Looking ahead, we are entering the next phase of growth with a strong pipeline of opportunities, multiple capacity expansion projects under execution, robust customer engagements and a healthy balance sheet. While global macroeconomic conditions continue to remain dynamic, our focus remains unchanged, investing in technology, strengthening customer partnerships, maintaining capital discipline and creating sustainable long-term value for all stakeholders. I would like to thank our customers, employees, stakeholders and partners for their continued trust and support. Their confidence and commitment remains the foundation of Navin Fluorine's success. Page 3 of 16 Navin Fluorine International Limited August 05, 2026 Thank you once again for joining us today. And I would now like to hand over to Nitin to provide an update of our operating and business performance. Nitin Kulkarni: Thank you, Vishad bhai. Good evening, everyone, and thank you for attending the call today. I'm excited with the progress in the advanced materials business and the capex anno [Showing first 8,000 characters — download PDF for full document]