Gujarat Fluorochemicals Limited announced on June 29, 2026, its strategic intent to expand refrigerant capacity to fully utilize its refrigerant gas entitlement under the Montreal Protocol and the Kigali Amendment. The company aims to capitalize on the growing demand for refrigerants driven by the rising adoption of air-conditioning across India and international markets. This expansion is supported by the company's integrated manufacturing capabilities and established global marketing network.

The planned addition of R134A capacity will strengthen GFL's existing portfolio, which currently comprises R32, R22, R125, and R410A. GFL stated that it possesses all necessary approvals, infrastructure, and compliance mechanisms to fully utilize its designated quota under the Kigali Amendment. The company is positioned to optimize its product mix and address diverse customer requirements through this strategic expansion.

Refrigerant Portfolio

GFL's current and planned product offerings include:

Dr. Bir Kapoor, Deputy Managing Director & CEO of Gujarat Fluorochemicals Limited, highlighted that the expansion is an important step in strengthening the company's refrigerant portfolio. He emphasized that the move will allow GFL to meet growing demand and create sustainable long-term value for customers and stakeholders. The company operates as part of the INOXGFL Group, a multi-billion-dollar Indian conglomerate with interests in chemicals and renewables.

About GFL

Gujarat Fluorochemicals Limited has over 30 years of experience in fluorine chemistry and operates in sectors such as fluoropolymers, specialty chemicals, refrigerants, and bulk chemicals. The company caters to industries including EV, BESS/ESS, AI/ML, data centres, hydrogen, 5G, semiconductors, and solar and renewable energy. GFL operates three manufacturing units in Gujarat and a captive fluorspar mine in Morocco.

Gujarat Fluorochemicals Limited disclosed that a member of its promoter group pledged 1.89% of the company's total equity capital during the financial year ended March 31, 2026. The declaration was submitted to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Inox Leasing and Finance Limited, a promoter of Gujarat Fluorochemicals Limited , confirmed that while it and other persons acting in concert did not create any new encumbrances, specific entities within the group reported share pledges. The filing detailed the shareholding and encumbrance status for the financial year.

Devansh Trademart LLP reported encumbering 20,75,684 shares out of its total holding of 40,12,360 equity shares. This represents 1.89% of the total capital of the company. No other promoter group members reported creating encumbrances during this period.

The following table outlines the shareholding and encumbrance details for the promoter group members:

Aryavardhan Trading LLP, Mr. Vivek Kumar Jain, Mr. Devansh Jain, and Ms. Nandita Jain submitted separate declarations confirming they had not made any encumbrance, directly or indirectly, on their equity shares during FY26. The disclosures were made to BSE Limited and National Stock Exchange of India Limited.