Navin Fluorine International Limited has entered into amendment agreements on July 27, 2026, to secure an additional 3.30 MW of captive hybrid wind and solar power for its Surat Unit, aiming to reduce power costs and advance sustainability initiatives. The deal involves an investment of up to ₹3.63 crores by the company through Compulsory Convertible Debentures (CCDs), acquiring a 26% stake in the Special Purpose Vehicle (SPV) Pro-Zeal Green Power Eleven Private Limited.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and serves as a follow-up to a previous intimation dated August 05, 2025. The agreements were signed with Pro-Zeal Green Power Eleven Private Limited ('SPV') for the power supply and with Prozeal Green Power Private Limited ('PGPPL') and the SPV for the investment structure. This arrangement adds to the existing 6.60 MW captive hybrid power supply already secured under the original agreements with the same SPV.

Deal Structure and Investment Details

The investment component is structured such that Navin Fluorine International will contribute up to ₹3.63 crores, representing 26% of the equity, while PGPPL will provide the remaining 74%. This investment is in addition to the earlier commitment of up to ₹6.60 crores under the original Investment and Shareholders' Agreement. The total power capacity from this specific SPV will thus reach 9.90 MW when combined with the existing 6.60 MW supply.

Strategic Impact and SPV Background

The SPV, incorporated on May 26, 2025, has nil turnover since its inception and is dedicated to setting up the captive wind and solar generation plant in Gujarat. The transaction is not classified as a related party transaction, and no promoters or group companies hold an interest in the SPV. No governmental or regulatory approvals are required for this acquisition.

What the Numbers Show

The move underscores a strategic shift towards energy independence and cost optimization for Navin Fluorine International. By locking in long-term captive power supplies through hybrid renewable sources, the company mitigates exposure to volatile grid electricity prices. The incremental 3.30 MW capacity, funded partly through CCDs which eventually convert to equity, allows the company to expand its renewable footprint without immediate dilution of voting control, while sharing the capital burden with PGPPL. This structured approach aligns financial efficiency with environmental sustainability goals.

A notable block trade was recorded on the BSE for navin fluorine international , with the transaction totalling ₹76.14 crore. The deal involved approximately 99,064 shares, executed at a price of ₹7,686.00 per share, reflecting significant institutional-scale activity in the stock.

Block Trade Details

The following table summarises the key parameters of the block trade executed on BSE:

Key Highlights

• The block trade was executed on BSE for Navin Fluorine International.
• Approximately 99,064 shares were transacted in the deal.
• The trade was executed at ₹7,686.00 per share.
• The aggregate value of the block trade stood at ₹76.14 crore.

Block trades are typically executed outside the open market to minimise price impact and are commonly associated with large institutional buyers or sellers. The transaction in Navin Fluorine International underscores notable interest at the institutional level in the company's stock.