NAVA LIMITED has informed the Exchange regarding Re-appointment of Mr GRK Prasad as Executive Director of the company w.e.f. Jun 28, 2026.
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NAVA LIMITED's Board meeting on May 15, 2026 approved three governance changes. First, Mr. Trivikrama Prasad Pinnamaneni, who served as Managing Director for over four decades, continues as a Non-Executive Director for 5 years from May 15, 2026. Second, Mr. GRK Prasad is re-appointed as Whole-time Director (Executive Director) for 2 years from June 28, 2026. Third, Mr. Mwelwa Chibesakunda, a Zambian lawyer and Managing Partner of Chibesakunda & Company, is re-appointed as Independent Director for 5 years from November 14, 2026. All three appointments are subject to shareholder approval at the ensuing AGM.
The re-appointments ensure continuity in leadership and corporate governance. The transition of Mr. Trivikrama Prasad from Managing Director to Non-Executive Director marks a generational shift in the board after 40+ years. No material impact on stock expected as these are routine governance matters.