NAVA LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2025
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Nava Limited held its 53rd AGM on August 14, 2025, via video conferencing from 10:00 a.m. to 10:40 a.m., with 89 shareholders participating. All 10 directors, including Non-Executive Chairman D. Ashok and MD & CEO Ashwin Devineni, were present along with the CFO, statutory and secretarial auditors, and scrutinizer. Members noted that both the statutory and secretarial auditors' reports contained no qualifications, and shareholders appreciated the company's FY2024-25 performance. A total of 9 resolutions were transacted, including approval of audited standalone and consolidated financial statements for FY ended March 31, 2025, declaration of a final dividend on equity shares, re-appointment of two directors retiring by rotation, ratification of cost auditors' remuneration, appointment of new secretarial auditors, commission to non-executive directors, change in designation of Ashwin Devineni to MD & CEO, and payment of bonus to the MD of subsidiary Nava Bharat (Singapore) Pte. Limited. Voting results along with the scrutinizer's report will be submitted to NSE and BSE within the statutory timeline.
The clean audit reports, confirmation of a final dividend, and shareholder appreciation of FY25 performance are positive signals for investors. Voting outcomes on all 9 resolutions, including the special resolutions on director commission and subsidiary MD bonus, will be confirmed when results are filed.