CFO KVS Vithal resigns; B Srinivasa Rao named new CFO from March 4

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

NAVA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.9%Reaction day

₹579.00

prior close

₹558.25

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.0%-1.9% vs market

Power Generation peers, median of 27sector-0.5%-2.3% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Smallcap 250 and 2.3 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-1.0

15m

-0.8

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.9-1.0-1.9-0.5-2.3

Next day

-3.4-1.4-2.1-0.9-2.6

-0.1+1.1-1.3-0.0-0.1

-1.5+1.6-3.2+1.1-2.6

-1.0+1.8-2.8-0.1-0.9

-2.3+1.0-3.3+0.1-2.4

-5.0-0.6-4.4-1.8-3.2

15d

+3.6-0.2+3.8-1.4+5.0

-0.5-3.8+3.3-6.5+6.0

-2.8-7.5+4.7-5.2+2.4

+17.4+5.2+12.1+11.0+6.4

UpDownMarket · Nifty Smallcap 250Sector · Power Generation peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NAVA Limited announced that CFO KVS Vithal resigned effective March 3, 2026, to pursue other professional opportunities. The board appointed B. Srinivasa Rao, currently Financial Controller and with the company since June 2023, as the new CFO from March 4, 2026. Rao is a Chartered Accountant with over 30 years of finance experience covering reporting, treasury, taxation, audits, and M&A. Outgoing CFO held no shares in the company.

Likely market impact

Smooth internal succession with a seasoned finance leader; continuity expected with minimal disruption to financial operations.