NAVA LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on August 14, 2025
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NAVA LIMITED has notified its 53rd AGM to be held on Thursday, August 14, 2025 at 10:00 a.m. via video conferencing. Key agenda includes adopting FY2024-25 audited financial results and declaring a final dividend of ₹6 per equity share (600% on ₹1 face value) — the record date is August 7, 2025. Ordinary business covers re-appointment of Mr. D. Ashok and Mr. GRK Prasad, who retire by rotation. Special business includes ratifying cost auditor M/s Sagar & Associates' fee of ₹7 lakh for FY2025-26, appointing M/s P.S. Rao & Associates as secretarial auditor for 5 years at ₹4 lakh/year, and revising non-executive director commission to up to 3% of net profits (with ₹50 lakh earmarked for independent directors). Members will also vote on changing Mr. Ashwin Devineni's designation from Whole-Time Director & CEO to Managing Director & CEO (effective May 19, 2025) and approving a US$1.5 million bonus paid to him by subsidiary Nava Bharat (Singapore) for FY2024-25.
The ₹6/share dividend (600%) is a meaningful cash return for shareholders, with record date August 7, 2025. Governance changes — CEO elevation, expanded director commission pool, and subsidiary bonus approval — are positive signals on continuity and leadership stability. Remote e-voting runs August 10–13, 2025; shareholders should ensure demat KYC and email are updated to participate.