NAVA LIMITED has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2025
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NAVA Limited has submitted the consolidated Scrutinizer's Report for its 53rd AGM held on August 14, 2025 (10:00 AM to 10:40 AM), with results for 9 resolutions. On the record date (August 7, 2025), the company had 63,781 shareholders. All 9 resolutions were passed with the requisite majority — items 1 to 6 and 8 as ordinary resolutions, and items 7 and 9 as special resolutions. Key items approved include: adoption of financial statements, declaration of a final dividend on equity shares, ratification of Cost Auditors' remuneration for FY 2025-26, appointment of Secretarial Auditors, and a change in designation of Mr. Ashwin Devineni as Managing Director and CEO. A special resolution was also passed for payment of bonus to the Managing Director of subsidiary Nava Bharat (Singapore) Pte. Limited. Promoters held 14,18,78,388 shares, public institutions 2,98,06,360, and public non-institutions 11,13,16,528 shares.
Shareholders have approved all agenda items, including a final dividend, confirming shareholder confidence. Notable dissent (around 12% on director rotation and 17-18% on executive bonus resolutions) was recorded from institutional and non-institutional public shareholders, but none of the resolutions were defeated. The re-designation of Mr. Ashwin Devineni as MD & CEO provides leadership continuity.