How to Convert Old Navin Fluorine Share Certificates to Demat and Recover Them from IEPF

To convert an old Navin Fluorine share certificate to demat, open a demat account in exactly the name printed on it, update your KYC with Navin Fluorine’s registrar, KFin Technologies, and hand the certificate in through your broker or bank with a Demat Request Form. Certificates from before July 2017 show a face value of ₹10, and each of those shares is now five ₹2 shares, so the count in your demat account will be five times the number printed. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5.

Many families holding Navin Fluorine shares have never seen a certificate with that name on it. Navin Fluorine’s shares were created in January 2003, when Mafatlal Industries moved its chemicals business into a new company and gave every Mafatlal shareholder one share of it for each Mafatlal share they held. That new company was called Polyolefins Rubber Chemicals Limited. It took the name Navin Fluorine International only in October 2004. So a family with old Mafatlal Industries certificates, or a Polyolefins certificate nobody recognised, may own Navin Fluorine shares worth lakhs. 100 Mafatlal shares held in January 2003 are 500 Navin Fluorine shares today, about ₹42.92 lakh.

Navin Fluorine paid two dividends for 2025–26, ₹15.10 a share in all. When a folio does not cash any dividend for seven years in a row, its shares move to the IEPF. The company has written to the holders in its current batch, and the next transfer date is 26 November 2026. Check what your family holds with Find Your Shares →

How many Navin Fluorine shares does an old certificate represent today?

Five for every ₹10 share, and one for every ₹2 share. If the certificate is a Mafatlal Industries one from before February 2003, it stands for five Navin Fluorine shares for every Mafatlal share. Navin Fluorine has never issued bonus shares, so the only thing that changed the count is the 2017 split.

What matters for a Mafatlal certificate is whose name was on the register on 31 January 2003, not the date printed on the certificate. The Navin Fluorine shares went to whoever was the registered holder that day. Someone who sold their Mafatlal shares before then, or bought them afterwards, did not receive them through that certificate.

The Navin Fluorine shares were never inside the Mafatlal certificate. They were issued on a separate certificate in the new company’s name and posted to the holder in 2003. So a family can find itself in one of two positions:

• You have the Polyolefins or Navin Fluorine certificate: multiply the number on it by five if it shows ₹10 shares.
• You have only the Mafatlal Industries certificate: use the table above. The Navin Fluorine shares are on their own folio with KFin Technologies. The certificate may be in another drawer, still with the company, or already moved to the IEPF.

Do old Mafatlal Industries shares include Navin Fluorine shares?

Yes, if the shares were registered in your family’s name on 31 January 2003. That day, under a rescue plan approved by the Board for Industrial and Financial Reconstruction (BIFR) in October 2002, Mafatlal Industries was split three ways:

• The chemicals business, the fluorochemical plants at Bhestan near Surat and at Dewas, moved to Polyolefins Rubber Chemicals Ltd, today Navin Fluorine International. Every Mafatlal shareholder received 1 fully paid ₹10 share of it for every ₹100 Mafatlal share.
• Surplus assets and investments moved to a company called Sulakshana Securities. The ratio was 1 share for every 500 Mafatlal shares, so almost every holding was only a fraction. Those fractions were bought out for cash (see below).
• The textiles business stayed with Mafatlal Industries, and the face value of each Mafatlal share was cut from ₹100 to ₹10. The number of Mafatlal shares did not change.

So a Mafatlal Industries folio from before February 2003 is really two holdings. For every 100 Mafatlal shares held on 31 January 2003 there are, today, 500 Navin Fluorine shares (about ₹42.92 lakh) and 500 Mafatlal Industries shares (about ₹58,460). Mafatlal split its ₹10 shares into five ₹2 shares in November 2022. In money terms, the Navin Fluorine shares are now worth over 70 times the Mafatlal ones.

The two are separate companies with separate folios and separate IEPF records. Navin Fluorine’s registrar is KFin Technologies. If the Navin Fluorine dividends went unclaimed for seven years, those shares may be in the IEPF even while the Mafatlal shares are still on the register, or the other way round.

For the Mafatlal shares themselves, including old Mafatlal Fine Spinning and New Shorrock certificates and Mafatlal’s own IEPF batches, see our guide to old Mafatlal Industries shares.

Very old Mafatlal certificates need the folio checked. Mafatlal Industries shares had a face value of ₹125 until the mid-1980s, and the company gave a bonus of 1 share for every 5 in 1978. If your certificate shows ₹125, the registrar works out how many ₹100 shares the folio held in 2003. We do not guess this one. In 1992 Mafatlal also had a rights issue of 1 share for every share held, at ₹500 a share. That issue was paid for, so it added shares only for holders who applied and paid.

Is a Polyolefins Rubber Chemicals share certificate a Navin Fluorine share?

Yes. Polyolefins Rubber Chemicals Limited and Navin Fluorine International Limited are the same company. It was incorporated in Mumbai on 25 June 1998 as Polyolefins Rubber Chemicals, received Mafatlal’s chemicals business in January 2003, and changed its name to Navin Fluorine International Limited on 6 October 2004.

Certificates issued before the name change carry the old name, and the company kept the same shares and the same folio numbers through the change. A name change does not cancel anything. So a Polyolefins certificate is handled exactly like a ₹10 Navin Fluorine certificate: each share on it is five ₹2 Navin Fluorine shares today.

This is one of the easiest holdings to miss. The name has nothing to do with fluorine, the company was not yet listed when the shares were allotted, and many families filed them away as something connected to Mafatlal. When you search the IEPF or write to the registrar, use the current name, “Navin Fluorine International Limited”. The IEPF portal lists the company under its current name.

What is Navin Fluorine’s bonus, split and share history?

No bonus issues, one split, and one demerger that created the shares in the first place. Here is every event that affects an old Navin Fluorine or Mafatlal shareholder, from the company’s own records and exchange records:

The 2004 rights issue is where families most often go wrong. It was not free. The holder had to apply and pay ₹60 a share, part of it at the start and the rest in later calls. Shares from it exist only if someone in the family did apply. If they did, the new shares came on their own certificates. A small number of these rights shares were never fully paid up. If yours are among them, KFin Technologies can tell you where they stand before you try to demat them.

Navin Fluorine has also issued shares to employees under stock option schemes and raised money from large institutions in 2025. None of these changed the number of shares an existing shareholder holds. Only the events in the table did that.

What are 100 old Navin Fluorine or Mafatlal shares worth today?

About ₹42.92 lakh for 100 ₹10 Navin Fluorine shares, and about ₹43.51 lakh for 100 Mafatlal shares held on 31 January 2003. These figures use the 25 September 2026 prices: ₹8,584.50 for Navin Fluorine and ₹116.92 for Mafatlal Industries. Share prices move every day, so treat the rupee values as a guide.

A family example

Say a grandmother bought 50 Mafatlal Industries shares of ₹100 in 1990. In January 2003 a certificate arrived for 50 shares of Polyolefins Rubber Chemicals Limited, a name she did not recognise. It went into the same file as the Mafatlal certificate and was forgotten.

In 2004 the company became Navin Fluorine. In 2017 each of her ₹10 shares became five ₹2 shares, so the folio now holds 250 Navin Fluorine shares. Nobody cashed the dividend warrants that came in the old name, and after seven years the shares moved to the IEPF.

Today those 250 shares are worth about ₹21.46 lakh, and they pay about ₹3,775 a year in dividends. Her 50 Mafatlal shares are 250 shares worth about ₹29,230. That is about ₹21.75 lakh in all, and about 99% of it is the certificate nobody thought was important.

Is an old ₹10 Navin Fluorine share certificate still valid after the 2017 split?

Yes, the shares behind it are still yours, but the registrar matches the certificate to the folio before it can be dematted. In July 2017 Navin Fluorine split every ₹10 share into five ₹2 shares. The record date was 20 July 2017. Holders on paper were to receive new ₹2 certificates in place of the old ₹10 ones.

So a family usually finds one of two situations:

• You have the ₹2 certificates from 2017 or later. These can be dematted in the normal way.
• You have only ₹10 certificates, in the name Polyolefins Rubber Chemicals or Navin Fluorine. The ₹2 certificates may have been posted and lost, returned undelivered, or never sent because the folio’s address was out of date. Write to KFin Technologies with the folio number and copies of the ₹10 certificates. They will confirm how many ₹2 shares the folio holds and how to have them credited to your demat account. If the ₹2 certificates are lost, it becomes a duplicate case (see below).

Either way, the number of shares does not shrink. The split multiplied the count by five, so a ₹10 certificate for 20 shares is 100 shares today, worth over ₹8 lakh.

What did Mafatlal and Navin Fluorine shareholders not get?

Apart from the Navin Fluorine shares in 2003, a Mafatlal Industries certificate did not bring shares in any other listed company. Because the Mafatlal name is on several companies, and several companies make fluorine chemicals, families often assume a certificate includes more than it does:

• Sulakshana Securities. Mafatlal holders were due 1 share for every 500 Mafatlal shares, so almost every holding was a fraction. The rescue plan had Polyolefins buy all of them at ₹10 a share and pay each holder in cash. That works out at 2 paise per Mafatlal share. There are no shares to claim.
• NOCIL and Stanrose Mafatlal Investments. Separate listed companies with their own shares. Only holders of Mafatlal Industries Limited received Navin Fluorine shares. If you hold a certificate of another Mafatlal-name company, the question is whether it had become Mafatlal Industries shares by 31 January 2003. The registrar can tell you.
• SRF and Gujarat Fluorochemicals. Other fluorochemical makers, with no link to Navin Fluorine shares.
• The 2004 rights shares, if nobody paid for them. An unexercised right lapsed. There is nothing to claim for it now.

If you hold certificates of any of these companies, they are separate holdings with their own registrars and their own IEPF records, not part of your Navin Fluorine folio.

How do you check and claim an unclaimed Navin Fluorine dividend?

Check the unclaimed dividend lists on Navin Fluorine’s investor website, then claim from KFin Technologies if the dividend is less than seven years old. For 2025–26 it paid two, an interim and a final. Any dividend that is not cashed goes into an unpaid dividend account and waits there for seven years. After that it moves to the IEPF.

Step 1: find out what is unclaimed

• Navin Fluorine’s investor website links to the lists of unpaid dividends, of shares due to move to the IEPF, and of shares already moved. Navin Fluorine dividend and shares page.
• The IEPF Authority’s search at iepfa.gov.in shows dividends and shares that have already moved. How to search the IEPF step by step.
• Search under every spelling of the holder’s name, and under Mafatlal Industries too if the shares came from there.

Step 2: claim a dividend that is less than seven years old

Write to KFin Technologies (Unit: Navin Fluorine International Limited) with the folio number, the dividends you did not receive, a cancelled cheque and a self-attested copy of your PAN card. For shares already in demat, send your client master list instead of the folio details. The July 2026 notice asks holders to claim every unpaid dividend from the first interim dividend of 2019–20 onwards by 13 November 2026.

Complete the folio’s KYC first. Since 1 April 2024, a paper folio is paid its dividend only electronically, and only if its KYC (PAN, bank account, contact details and signature) is complete. Without it the dividend is simply held back, and seven years of held-back dividends sends the shares to the IEPF.

Step 3: a dividend more than seven years old

It has already gone to the IEPF, and the only way to get it back is Form IEPF-5. How to recover a dividend from the IEPF.

The bigger point: an unclaimed dividend is a warning about the shares. At ₹15.10 a share, a folio of 500 shares misses about ₹7,550 a year. If it misses them for seven years in a row, the shares themselves, worth about ₹42.92 lakh, move to the IEPF too.

How do you convert old Navin Fluorine share certificates to demat?

Open a demat account in exactly the name on the certificate, update the folio’s KYC with KFin Technologies, then hand the certificates in with a Demat Request Form through your broker or bank. For ₹10 certificates from before 2017, including Polyolefins ones, ask KFin Technologies to confirm the ₹2 share count first.

1. Open a demat account in the same name, or the same names in the same order for a joint holding.
2. Update KYC on the folio with Form ISR-1 (PAN, bank, contact details), and Form ISR-2 if your signature has changed. How to fix a signature mismatch.
3. Write “Surrendered for Dematerialisation” on each certificate and sign it as it was signed on the register.
4. Hand in the certificates with a Demat Request Form through your broker or bank. Put every certificate from the same folio on one form. Mafatlal Industries certificates go on a separate form, because Mafatlal is a separate company.
5. The registrar checks the signature, the folio and the distinctive numbers against Navin Fluorine’s register, and the shares arrive in your demat account, usually within a few weeks if the papers are in order.

Since April 2019, paper shares cannot be sold or transferred until they are in demat. There is no deadline to demat shares already registered in your own name. But the longer they stay on paper, the more likely it is that dividends go unclaimed and the shares move to the IEPF. The rules on physical shares in 2026.

How do you check if your Navin Fluorine shares have gone to the IEPF?

If no dividend on the folio has been cashed for seven years in a row, the shares have very likely been moved to the IEPF. Navin Fluorine moves a new batch each time a dividend passes seven years unclaimed. The next transfer date is 26 November 2026.

• Navin Fluorine’s investor website links to KFin Technologies’ lists of shares due to move to the IEPF and of shares already moved. Navin Fluorine dividend and shares page.
• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search for “Navin Fluorine International Limited” and the holder’s name, not for Polyolefins. How to search the IEPF.
• Search every old spelling of the holder’s name, and the joint holders’ names too.
• Repeat the search for Mafatlal Industries if the shares came from there. Each company moves its own shares on its own clock.
• Expect more than one entry if the family had more than one folio, for example the 2003 shares and the 2004 rights shares, or shares held jointly with different people.

A certificate that the post office returned to the company undelivered may instead be in Navin Fluorine’s unclaimed securities suspense account, which the registrar can check. If you find nothing anywhere, the shares are probably still on the register in the holder’s name, waiting to be dematted.

How do you recover Navin Fluorine shares from the IEPF?

Get an entitlement letter from KFin Technologies, file Form IEPF-5 online on the Ministry of Corporate Affairs website, then send the signed papers to Navin Fluorine or its registrar for verification. The company checks the claim and sends a verification report to the IEPF Authority, which credits the shares back to your demat account and refunds the dividends.

1. Open a demat account in the claimant’s name. For a joint folio, the same names in the same order.
2. Complete KYC with KFin Technologies and ask for an entitlement letter. It states how many shares and how much dividend on your folio went to the IEPF. Since October 2025 the entitlement letter is a mandatory part of every IEPF-5 claim.
3. File Form IEPF-5 on the MCA portal and note the SRN, your claim number. How to file IEPF-5 online.
4. Send the physical documents to Navin Fluorine’s registered office in Mumbai or to KFin Technologies (marked “Unit: Navin Fluorine International Limited”): the signed IEPF-5 printout and acknowledgement, an indemnity bond on stamp paper, an advance stamped receipt, PAN, Aadhaar, a cancelled cheque, your client master list, the entitlement letter, and the original certificates if you have them.
5. Navin Fluorine verifies and reports to the IEPF Authority. The rules give the company 15 days for its report and the Authority 60 days to decide: 75 days on paper. Real claims usually take much longer, because papers go back and forth. What to do when an IEPF claim is stuck.

Claim the whole folio, not the number on the paper. Claim only the 50 printed on a ₹10 certificate for 50 shares and you leave 200 shares in the queue. The entitlement letter is based on Navin Fluorine’s register, so it gives the full count after the split. If Mafatlal Industries shares from the same family are also in the IEPF, they need their own IEPF-5 claim, filed with Mafatlal.

What if the Navin Fluorine share certificates are lost?

It depends on where the shares are now. If they are still with Navin Fluorine, you need duplicate shares. If they have gone to the IEPF, you usually do not.

• Shares still with Navin Fluorine: the registrar must first cancel the lost certificate and issue duplicate shares, credited straight to your demat account. This is the process in the next section.
• Shares already in the IEPF: when paper shares move to the IEPF, the company issues new certificates in the IEPF’s name and the old ones are cancelled. There is nothing left to duplicate. You claim with IEPF-5 and the entitlement letter, which is based on the company’s register, not on the paper in your hand.
• Only the Mafatlal certificate survives: this is very common. The Mafatlal certificate is evidence that your family was on the register in January 2003, and the registrar can trace the Navin Fluorine folio from the holder’s name and address.

Don’t know the folio number? Old dividend warrants in either name, bank passbooks showing Navin Fluorine or Polyolefins dividend credits, the 2003 allotment letter, split letters from 2017 or any company correspondence can give it. With the holder’s name and an old address, the registrar can usually trace the folio. Our lost shares recovery service starts from exactly this point.

How do you get a duplicate Navin Fluorine share certificate?

Apply to KFin Technologies with Form ISR-4 and the documents SEBI sets for the value of your holding. The duplicate shares are then credited straight into your demat account. SEBI simplified these rules in December 2025, and duplicate shares are now issued in demat only.

What you need depends on what the lost shares are worth today:

• Up to ₹10,000: a simple undertaking on plain paper.
• ₹10,000 to ₹10 lakh: one standard affidavit-cum-indemnity bond.
• Above ₹10 lakh: the affidavit-cum-indemnity bond, plus a police report (FIR, e-FIR or police complaint) that mentions the folio, certificate numbers and distinctive numbers, plus a notice of the loss in a widely read newspaper.

With Navin Fluorine, ₹10,000 does not cover even two shares, and ₹10 lakh is about 116 shares at today’s price. A lost Polyolefins certificate for just 24 shares of ₹10 is 120 shares today, about ₹10.30 lakh, so it already needs the police report and the newspaper notice. Work out today’s count before you choose the documents.

1. Open a demat account first, in the same name (or names) as the folio. Since 2 April 2026 the registrar credits duplicate shares directly into demat. There is no longer a “Letter of Confirmation” to carry to your broker, so the account must exist before you apply.
2. Update KYC on the folio with Form ISR-1, and ISR-2 if your signature has changed.
3. Get the police report and newspaper notice if the holding is above ₹10 lakh. The registrar can give you the certificate numbers if you do not have them.
4. Submit Form ISR-4 to KFin Technologies with the affidavit-cum-indemnity bond, the police report and notice if needed, and your demat details.
5. The shares are credited to your demat account once the registrar completes its checks. SEBI expects about 30 days for a complete, correct application.

The full process is in our guide to reporting a lost share certificate.

What if the name or spelling on the certificate does not match?

Fix the name on the folio first, before you demat or file an IEPF claim, using Form ISR-1 and a document that proves both spellings belong to you. The registrar, the demat account and the IEPF claim must all show the same name. One mismatch and the papers come back.

This is very common with Navin Fluorine folios, because the names were copied from Mafatlal’s register in 2003, often from records decades old. Typical cases:

• Initials on the certificate, full name on the PAN card: “M. J. Desai” against “Mahesh Jayant Desai”.
• A woman’s maiden name on the certificate and her married name on everything else.
• Spelling changes over time: “Mehta” and “Maheta”, “Laxmi” and “Lakshmi”, a dropped middle name or surname.
• Titles and suffixes like “Smt.”, “Dr.” or “HUF” in one place and not the other.

The usual proof is a passport, a marriage certificate, a gazette notification, or a notarised affidavit that both names are the same person. Send it to KFin Technologies with Form ISR-1. Correct every certificate on the folio at the same time, so they can be dematted together. If you also hold Mafatlal Industries certificates, correct that folio with Mafatlal’s registrar too.

How do joint holders convert or claim Navin Fluorine shares?

The demat account must be in the same names and in the same order as on the certificate, and every living holder must sign. The 2003 Polyolefins certificates normally carry the same names in the same order as the Mafatlal certificate they came from.

• Everyone alive and available: open a joint demat account matching the certificates, complete KYC for every holder, and all sign the demat request.
• The names are in the wrong order for the demat account you want to use: ask the registrar to change the order (“transposition”) with Form ISR-4 before you demat.
• One joint holder has died: the surviving holders get the shares by having the deceased holder’s name deleted. You need a copy of the death certificate and the survivors’ KYC. No succession certificate, will or probate is needed for this.
• Every holder has died: this becomes a transmission to the legal heirs of the last surviving holder (next section).

For an IEPF claim on a joint folio, the IEPF-5 and the demat account follow the same rule. If one holder has died, delete their name through the registrar before you file.

What if the Navin Fluorine shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by KFin Technologies, and they are always credited in demat. If the shares have also gone to the IEPF, transmission and the IEPF claim happen together, and the heir files the IEPF-5.

SEBI’s new transmission rules have applied since 22 August 2026. They make this easier than it was:

• Simplified documents for physical shares worth up to ₹10 lakh per listed company, doubled from ₹5 lakh.
• Quick processing for physical holdings up to ₹10,000 where the claimant is a parent, spouse, child or parent-in-law. With Navin Fluorine that is a single share.
• No blanket requirement for probate, and one combined affidavit-cum-NOC in place of separate papers. You still have to prove your entitlement if other heirs dispute it.
• 21 days for the registrar to process once all documents are in.

With Navin Fluorine, the ₹10 lakh limit is reached very quickly. It is about 116 shares today, so a family that held just 24 Mafatlal shares in 2003 is already over it. The limit is per company, so Mafatlal Industries is counted separately. Above the limit you usually need a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection. Read more in our guides to transmission of shares and transmission without a succession certificate.

Bought Navin Fluorine shares on paper but never got them transferred?

You can use SEBI’s special window, open until 4 February 2027, if the transfer deed was signed before 1 April 2019 and you still have the original certificate. Navin Fluorine advertised the window in July and September 2026, and lists the notices on its investor website. Navin Fluorine special window page.

• It covers transfers never lodged, and transfers lodged before but rejected or returned.
• It does not cover cases where the original certificate is lost, disputed cases, or shares already moved to the IEPF.
• The shares are credited in demat only, and they are locked in for one year from the date the transfer is registered. You cannot sell or pledge them during that year.

Lodge through KFin Technologies with the original certificate, the transfer deed and your demat details. The full rules of the window.

Why not just hand the certificates to a local lawyer or agent?

Because a claim is only as good as the holding traced behind it, and with Navin Fluorine the most valuable shares are often on a certificate the family never recognised.

Take the grandmother with 50 Mafatlal Industries shares. A generalist sees a Mafatlal certificate, values the 250 Mafatlal shares at about ₹29,230, and files a small, simple claim. Nobody asks what happened on 31 January 2003. But the family also owns 250 Navin Fluorine shares, about ₹21.46 lakh, on a separate folio, possibly in the IEPF. That is far over the ₹10 lakh line, where a duplicate needs a police report and a newspaper notice and a transmission usually needs a succession certificate. File on the Mafatlal holding alone and about 99% of the value is left behind.

We work the other way round. We trace the complete holding first: the Mafatlal folio, the 2003 Polyolefins allotment, the 2004 rights shares if any were paid for, the 2017 split, every folio, every IEPF transfer. Then a vetted local partner handles the paperwork where you live (affidavits, police report, newspaper notice, succession papers) on the full holding, the first time.

There is also the question of who is paid for what. A lawyer or agent is paid whether or not your shares ever arrive. We are not. Zero advance — you pay only once the shares are credited to your demat account. So we only get paid if the whole chain works.

Navin Fluorine’s registered office is in Mumbai, where our local partner can handle the paperwork. Share recovery in Mumbai. But the IEPF claim itself is decided in Delhi, where the IEPF Authority sits. Our team is in Delhi, so we can follow your file up in person, not by letter from another city. For an IEPF claim, what matters is who is closest to the office that holds your file.

The document is only the start. After it come the KYC, the entitlement letter, the verification, the demat credit, and a transmission if the holder has died. Anyone can get you a piece of paper. We get you the shares. See how our IEPF claim service works.

Dates you should know about

26 November 2026 is the next date Navin Fluorine moves shares to the IEPF. To stop it, claim every unpaid dividend from the first interim dividend of 2019–20 onwards by 13 November 2026. New batches follow as each later dividend passes seven years unclaimed.

31 January 2003 is the date that decides whether a Mafatlal Industries folio carries Navin Fluorine shares. Holders on the register that day received 1 Polyolefins Rubber Chemicals share for every Mafatlal share.

6 October 2004 is when Polyolefins Rubber Chemicals became Navin Fluorine International. Certificates dated before it carry the old name.

20 July 2017 is the record date for the split. Every ₹10 share became five ₹2 shares. There has never been a bonus issue.

4 February 2027 is when SEBI’s special window for old physical transfers closes. It covers transfer deeds signed before 1 April 2019 that were rejected, returned or never processed. Shares already moved to the IEPF are not covered.

Holding other old chemical or industrial certificates too? See what happened to Reliance Industries shares, Asian Paints shares, Coromandel International shares and EID Parry shares.

Not sure whether your family’s Mafatlal or Polyolefins certificates carry Navin Fluorine shares, or whether they have gone to the IEPF? Start with Find Your Shares →

Frequently Asked Questions

Has Navin Fluorine ever issued bonus shares?
No. Navin Fluorine has never issued bonus shares. The only change to the share count was a split in July 2017 (record date 20 July 2017), when every ₹10 share became five ₹2 shares. So 100 shares on a ₹10 certificate are 500 shares today.

Did Mafatlal Industries shareholders get Navin Fluorine shares?
Yes. Under the rescue plan for Mafatlal Industries, everyone on its register on 31 January 2003 received 1 fully paid ₹10 share of Polyolefins Rubber Chemicals Ltd, now Navin Fluorine International, for every ₹100 Mafatlal share. After the 2017 split, 100 Mafatlal shares held that day are 500 Navin Fluorine shares today, about ₹42.92 lakh at the 25 September 2026 price of ₹8,584.50.

What is Polyolefins Rubber Chemicals Limited?
It is the original name of Navin Fluorine International Limited. The company was incorporated as Polyolefins Rubber Chemicals Limited on 25 June 1998, received Mafatlal Industries’ chemicals business in January 2003 and changed its name to Navin Fluorine International Limited on 6 October 2004. Certificates in the old name are Navin Fluorine shares.

How many Navin Fluorine shares do 100 old shares become today?
100 ₹10 shares, whether in the name Polyolefins Rubber Chemicals or Navin Fluorine, are 500 ₹2 shares today, about ₹42.92 lakh. 100 ₹2 shares from after July 2017 are still 100. 100 Mafatlal Industries shares held on 31 January 2003 are 500 Navin Fluorine shares, plus 500 Mafatlal shares.

Is an old ₹10 Navin Fluorine share certificate still valid?
The shares behind it are still yours. In July 2017 every ₹10 share was split into five ₹2 shares, and paper holders were to receive new ₹2 certificates. If you hold only ₹10 certificates, write to KFin Technologies with the folio number; they will confirm the ₹2 share count and how to get it into your demat account.

Who is the registrar (RTA) for Navin Fluorine?
KFin Technologies Limited, in Hyderabad. It handles demat requests, KYC updates, unclaimed dividends, duplicate certificates, transmission and IEPF entitlement letters for Navin Fluorine International.

How do I check Navin Fluorine unclaimed shares and dividends?
Navin Fluorine’s investor website links to KFin Technologies’ lists of unpaid dividends, shares due to move to the IEPF and shares already moved. Shares and dividends that have already moved can be searched on the IEPF Authority’s website, iepfa.gov.in. Search for Navin Fluorine International Limited, not the old name, under every spelling of the holder’s name.

When does Navin Fluorine transfer shares to the IEPF?
Whenever a folio has not cashed any dividend for seven years in a row. The next transfer date is 26 November 2026. To stop it, the company’s July 2026 notice asks holders to claim every unpaid dividend from the first interim dividend of 2019-20 onwards by 13 November 2026.

How do I claim Navin Fluorine shares from the IEPF?
Open a demat account, complete KYC with KFin Technologies and get an entitlement letter. Then file Form IEPF-5 on the Ministry of Corporate Affairs website and send the signed form, an indemnity bond, an advance receipt, your ID, a cancelled cheque, the client master list and the entitlement letter to Navin Fluorine’s registered office in Mumbai or to KFin Technologies. The company verifies the claim and reports to the IEPF Authority, which credits the shares to your demat account.

I have lost my Navin Fluorine share certificate. What do I do?
If the shares are still with Navin Fluorine, open a demat account, then apply to KFin Technologies for duplicate shares with Form ISR-4. Up to ₹10 lakh, about 116 Navin Fluorine shares at today’s price, you need a standard affidavit-cum-indemnity bond; above that you also need a police report and a newspaper notice. If the shares have already moved to the IEPF, you do not need a duplicate: you claim with Form IEPF-5.

What if the Navin Fluorine shareholder has died?
The shares pass to the nominee or legal heirs by transmission through KFin Technologies, and are credited in demat. Simplified documents apply to physical shares worth up to ₹10 lakh per company, which with Navin Fluorine is only about 116 shares. Above that, heirs usually need a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection.

Do I have to pay SharesRecover anything upfront?
No. Zero advance — you pay only once the shares are credited to your demat account.