NAVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nava Limited's Board meeting on May 15, 2026 approved three director-related items subject to shareholder approval at the ensuing AGM. First, Mr. Trivikrama Prasad Pinnamaneni, who served as Managing Director for over four decades, will continue as a Non-Executive Director for 5 years from May 15, 2026 (he is noted as related to Chairman Mr. D. Ashok but not within the meaning of Section 2(77) of Companies Act 2013). Second, Mr. GRK Prasad, a Fellow Chartered Accountant and Company Secretary with over 40 years of experience, was re-appointed as Whole-time Director/Executive Director for 2 years effective June 28, 2026. Third, Mr. Mwelwa Chibesakunda, a Zambian lawyer and Managing Partner of Chibesakunda & Company (DLA Piper Africa associated firm), was re-appointed as Independent Director for 5 years effective November 14, 2026.
These are routine governance disclosures maintaining board continuity with experienced leadership. The transition of the former Managing Director to Non-Executive Director role signals planned succession without disruption. No immediate material impact on stock price expected as all appointments are subject to AGM approval.