Navin Fluorine International Limited has submitted a regulatory disclosure under SEBI Listing Regulations (Regulation 30) regarding an investment by its wholly owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL).
Investment Details
- Investment Amount: Not exceeding ₹5.50 crores in aggregate
- Investment Instrument: Equity Shares and Compulsory Convertible Debentures
- Investment Structure: To be completed in one or more tranches
- Ownership Stake: NFASL will hold 26% stake in the SPV
- Counterparty Investment: PGPPL will hold the remaining 74% stake
Target Entity Details
- Name: Pro-Zeal Green Power Twenty Private Limited (Special Purpose Vehicle)
- Incorporation Date: December 18, 2025
- Business: Generation and transmission of wind and solar power for captive consumption
- Turnover: Nil (newly incorporated entity)
- Location: Gujarat, India
Transaction Rationale
The arrangement will facilitate significant savings on power costs while progressing the Group's sustainability initiatives. Specifically, it will cater to the power requirements at NFASL's Dahej Unit through guaranteed captive power generation via hybrid power (wind and solar).
Regulatory and Compliance Aspects
- Related Party Status: Not a related party transaction
- Promoter/Group Interest: None of the promoter/promoter group/group companies have any interest in the SPV
- Government Approvals: None required
- Transaction Basis: Arm's length
Timeline
- Completion Period: 12 months from agreement date
Consideration
- Form: Cash consideration
Additional Information
The disclosure was signed by Niraj B. Mankad, President Legal and Company Secretary, and is available on the company's website www.nfil.in.