Navin Fluorine International Limited has announced the complete release of pledge on all promoter equity shares, marking a significant milestone in the company's corporate governance. The disclosure was made under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Final Pledge Release Details

The company informed that Mafatlal Impex Private Limited, one of its promoters, has released the remaining pledged equity shares with State Bank of India (SBI). The release became effective upon completion of all formalities as per the Undertaking-cum-Indemnity executed by the company and Mafatlal Impex in favour of SBI.

Regulatory Compliance and Documentation

The formal disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on March 24, 2026. The communication included comprehensive documentation under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring full regulatory compliance.

Impact on Pledge Agreement

With the release of all pledged equity shares, the Amended and Restated Agreement for Pledge dated August 14, 2024 has automatically terminated without requiring any further legal formalities. This automatic termination was built into the original Undertaking-cum-Indemnity agreement structure.

Current Promoter Holdings Status

Following this complete pledge release, Mafatlal Impex Private Limited continues to hold 13,036,149 equity shares representing 25.44% shareholding in Navin Fluorine International Limited. All promoter equity shares are now free of any encumbrances, enhancing transparency and reducing financial risk associated with pledged promoter shareholding.

The announcement was digitally signed by Manoj D. Pandya, Director of Mafatlal Impex Private Limited, marking the completion of the pledge release process that began with earlier releases during the year.

Navin Fluorine International Limited delivered exceptional financial performance in Q3FY26, with consolidated net profit surging 122% year-on-year to ₹185.40 crores compared to ₹83.60 crores in the corresponding quarter of the previous fiscal year. The specialty chemicals company's revenue from operations grew robustly by 47% to ₹892.37 crores from ₹606.20 crores in Q3FY25.

Strong Revenue Growth Drives Performance

The company's total revenue, including other income, reached ₹907.95 crores in Q3FY26, representing a 47% increase from ₹616.68 crores in Q3FY25. Sequential growth was also impressive, with revenue rising 17% from ₹776.63 crores in Q2FY26.

Business Segment Performance Highlights

All three business verticals demonstrated strong growth momentum during Q3FY26. The HPP (High Performance Products) segment recorded revenue of ₹412 crores with 35% year-on-year growth, driven by higher realizations and volumes in a constructive pricing environment for HFC.

The Specialty Chemicals segment achieved its highest ever quarterly performance with revenue of ₹354 crores, marking 60% year-on-year growth. The CDMO (Contract Development and Manufacturing Organization) segment continued its momentum with ₹127 crores revenue, up 61% year-on-year.

Management Commentary on Growth Strategy

During the earnings call held on February 09, 2026, Chairman Vishad Mafatlal highlighted the company's resilient performance amid evolving global dynamics. "Our growth has been made possible by the relentless dedication and tireless efforts of our teams. Through focused teamwork, strong R&D initiatives and the adoption of right technologies, we have been able to navigate diverse global scenarios," he stated.

Managing Director Nitin Kulkarni emphasized the company's diversification strategy: "This improvement has been driven by our focus to diversify our portfolio, expand our market presence, deepen strategic partnerships and enhance customer relationships. This approach has solidified our presence as a globally trusted provider of diverse fluorochemical solutions."

Key Operational Milestones

The company achieved significant operational milestones during Q3FY26. The cGMP-4 Phase-1 facility was successfully commissioned and commercial supplies commenced during the quarter. The AHF (Anhydrous Hydrogen Fluoride) project was also commissioned, with commercial supplies starting in Q4FY26.

Exceptional Items Impact Results

The company recognized exceptional charges of ₹20.47 crores during Q3FY26 related to the implementation of new labour codes. These charges stemmed from the reassessment of employee benefit obligations following the consolidation of multiple labour legislations into four unified Labour Codes, which became effective from November 21, 2025. Despite these one-time charges, the company maintained strong profitability.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Navin Fluorine International demonstrated consistent growth momentum. Consolidated net profit increased 133% to ₹450.93 crores compared to ₹193.62 crores in the corresponding period of FY25.

Advanced Materials and Future Growth

CFO Anish Ganatra outlined the company's margin outlook during the earnings call, stating that investors should expect Navin to deliver approximately 30% EBITDA margins on an annualized basis, plus or minus 200 basis points. The company is also progressing on Advanced Materials projects to become part of the semiconductor and electronic value chain, supported by India's Semiconductor Mission 2.0.

Dividend Distribution and Capital Structure

During Q3FY26, the company paid an interim dividend of ₹6.50 per share (325%) on 5,12,39,124 equity shares of nominal value ₹2 each, totaling ₹33.31 crores for FY26. The paid-up equity share capital stood at ₹10.25 crores as of December 31, 2025, reflecting the impact of the Qualified Institutional Placement completed in Q2FY26.

Standalone Results Show Solid Performance

On a standalone basis, the company reported net profit of ₹105.87 crores in Q3FY26 compared to ₹65.24 crores in Q3FY25, marking a 62% year-on-year increase. Standalone revenue from operations grew 30% to ₹570.01 crores from ₹439.77 crores in the corresponding quarter last year.

The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 9, 2026, with limited review conducted by statutory auditors Price Waterhouse Chartered Accountants LLP. The company has also released the transcript of its earnings call held on February 09, 2026, in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.