Navin Fluorine International informs about updates

With reference to its earlier intimations dated February 25, 2020 and January 28, 2022 informing about signing of a 7-year, $410 million contract with Honeywell International Inc. (now with Solstice Advanced Materials US, Inc. as an assignee of the aforesaid contract) for manufacture and supply of Hydrofluoroolefins (HFO), through Navin Fluorine Advanced Sciences (‘NFASL’), its Wholly Owned Subsidiary, at its Dahej site. Navin Fluorine International has informed that pursuant to the approval of the Board of Directors of NFASL today, an amendment to the said contract has been executed with Solstice Advanced Materials US, Inc., extending the contractual tenure to December 2032. The amendment extends the tenure by 4 years over the original 7 years and has an additional revenue potential of ~$180 million, taking the total contract value to ~ $590 million over the total contract period of 11 years. This intimation is also being made available on the Company’s website www.nfil.in.

The above information is a part of company’s filings submitted to BSE.