Navin Fluorine unit invests ₹5.50 crore for 26% stake in 5MW hybrid power SPV

Navin Fluorine Advanced Sciences Limited (NFASL), a wholly owned subsidiary of Navin Fluorine International , will invest up to ₹5.50 crore in Pro-Zeal Green Power Twenty Private Limited to secure a 26% stake in the special purpose vehicle (SPV). The investment, structured through equity shares and compulsorily convertible debentures, aims to establish a hybrid power generation facility. This strategic move is expected to generate significant savings on power costs while advancing the group's sustainability initiatives.

NFASL entered into a Power Supply and Offtake Agreement with the SPV featuring a 15-year lock-in period for the supply of 5MW hybrid power to its Dahej Unit. The remaining 74% stake in the SPV will be held by Prozeal Green Power Private Limited (PGPPL). The transaction, finalized on June 05, 2026, is not a related party transaction, and no regulatory approvals are required for completion.

Details of the Acquisition

The SPV, incorporated on December 18, 2025, was formed specifically to set up a hybrid power plant in Gujarat focusing on wind and solar energy for captive consumption. As a newly incorporated entity, the SPV currently reports nil turnover. The indicative timeline for the completion of the acquisition is 12 months.

Particulars	Details
Target Entity	Pro-Zeal Green Power Twenty Private Limited
Cost of Acquisition	Not exceeding ₹5.50 crores
Shareholding Acquired	26% by NFASL, 74% by PGPPL
Form of Consideration	Cash consideration
Power Supply Agreement	15 years for 5MW hybrid power
Date of Incorporation of SPV	December 18, 2025

The arrangement ensures guaranteed captive power generation for NFASL's operations, directly addressing power requirements through renewable sources.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.82%	-2.93%	+3.47%	+21.99%	+58.79%	+120.75%

Navin Fluorine International witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 49,268 shares changing hands in a single transaction. The deal was executed at a price of ₹7075.00 per share, aggregating to a total transaction value of ₹34.86 crores. Block trades of this magnitude are generally associated with institutional investors and signal significant interest in the stock.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Parameter:	Details
Exchange:	NSE
Number of Shares:	~49,268
Trade Price:	₹7075.00 per share
Total Trade Value:	₹34.86 crores

Market Significance

Block trades are large-volume transactions typically executed outside the regular market order book to minimize price impact. Such trades are commonly facilitated between institutional participants, including mutual funds, foreign portfolio investors, and other large entities. The execution of a ₹34.86 crore block trade in Navin Fluorine International highlights notable institutional activity in the specialty chemicals segment.