Navin Fluorine International informs about updates
Navin Fluorine International has informed that as per the intimation received from Mafatlal Impex, balance 1,50,000 Equity Shares of the face value of ₹2 each of the Company (‘Equity Shares’) which were pledged in favour of State Bank of India (‘SBI’) have been released as per the Undertakingcum-Indemnity executed by the Company and Mafatlal Impex in favour of SBI. The same has become effective upon release of all such pledged Equity Shares by SBI. Now, the Promoters’ equity shares in the Company are free of any pledge, and the Amended, and Restated Agreement for Pledge dated August 14, 2024 has automatically come to an end without any further act or deed as per the Undertaking-cum-Indemnity. This intimation is also being made available on the Company’s website at www.nfil.in
The above information is a part of company’s filings submitted to BSE.
