Navin Fluorine International Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2024

3. The results of the quarter and year ended 31 st March, 2024 were reviewed by the Audit Committee and

approved by the Board of Directors of the Company, at its meeting held on 7th May,2024.



4. During the year, the Company paid an interim dividend of Rs.5/- per share (250%) plus a onetime special

dividend of Rs. 3/- per share (150%) on 495,72,535 equity shares of nominal value of Rs 2/- each, aggregating

to Rs.39.66 crores.



The Board of Directors of the Company has recommended a final dividend of Rs.7/- per share (350%) on

4,95,73,400 equity shares of nominal value of Rs. 2/- each, aggregating to Rs. 34.70 crores, subject to

shareholders' approval in the forthcoming Annual General Meeting.



5. During the year ended 31st March, 2024, the company granted 2,27,500 stock options at the market price

prevailing immediately before the grant date under Employee Stock Option Scheme 2017 (ESOP Schemes),

as approved by Board of Directors to the selected employees across the Company.



Further during the previous year ended 31st March, 2023, the Board had approved the grant of 1,55,000 stock

options at par under ESOP Schemes to the senior leadership of the Company, of these 1,05,000 unvested

options have since lapsed.



The overall net charge on account of aforementioned ESOP schemes / reversal consequent to lapse of

1,05,000 unvested options is as follows:

(Rs in crores)

Quarter ended Twelve months ended

31st Mar, 2024 31st Dec, 2023 31 st Mar, 2023 31st Mar, 2024 31st Mar, 2023

5.34 2.50 9.31 1.47 16.79



6. Other income for the quarter and year ended 31st March, 2024 includes interest of Rs.1.20 crores and

Rs 17.91 crores respectively on refund of income tax. (Quarter ended 31st December, 2023 is Rs.1.12 crores. Quarter ended 31st March, 2023 is NIL and year ended 31st March, 2023 includes interest of Rs. 0.91 crores).



7. Exceptional item for the quarter ended 31st December, 2023 and year ended 31st March, 2024 comprises gain of Rs. 52.13 crore on account of sale of surplus unused colony land situated at Surat (Gujarat).



8. Tax expense for the quarter and year ended 31st March,2024 includes reversal of excess provision of tax for earlier years amounting to Rs.16.53 crores and Rs.25.65 crores respectively. (Quarter ended 31st December, 2023 is Rs. 6.61 crores).



9. The figures for the quarter ended 31st March,2024 and 31st March,2023 are balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third

quarter of the relevant financial year.



10. The Company has identified Chemicals husincss as its only primary reportable segment in accordance with

the requirements of Ind AS 108, 'Operating Segments'. Accordingly, no separate segment information has

been provided.