NAVA LIMITED has informed the Exchange regarding Change in Director(s) of the company.
NAVA · price
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Nava Limited has informed the stock exchanges that its Board has approved a change in designation for Mr. Ashwin Devineni (DIN: 00007540) from Whole Time Director & CEO to Managing Director and CEO, effective May 19, 2025. Mr. Ashwin has been with the Nava Group for over 15 years and currently oversees the company's international operations in coal mining, energy, agri-business, and healthcare in Asia and Africa. The new term runs from May 19, 2025 to May 28, 2029, and the appointment is subject to shareholder approval at the upcoming Annual General Meeting. He is related to two other directors on the board, Mr. D. Ashok and D. Nikhil, indicating a promoter-family connection.
This is a formal title elevation for an existing insider rather than a new appointment, so the company's leadership and strategy remain unchanged. Shareholders should note the change still requires their approval at the AGM, and it reinforces continuity in the promoter family's control of the company's international operations.