Stock Exchange and Stakeholders are requested on take on record, Intimation with respect to the Change in the Management of the Company.
Awaiting price reaction for this filing.
Univa Foods Ltd has informed the stock exchanges about a change in its top leadership. Mr. Mallinath Madineni has resigned from the position of Managing Director with immediate effect on 11th March 2026, and he has also stepped down from all Board committees. In his place, Mr. Pravin Chauhan has been appointed as an Additional Director in the Executive category and as the new Managing Director for a 5-year term from 11th March 2026 to 10th March 2031, subject to shareholder approval. Mr. Chauhan is a commerce graduate with experience in finance, accounting, and corporate financial management. The company has confirmed that Mr. Chauhan is not debarred from holding a director's office by SEBI or any other authority.
For shareholders, this is a significant leadership transition at the top of the company. The abrupt resignation of the outgoing MD without disclosed reasons and the appointment of a new MD with a financial management background may lead to short-term uncertainty but could also signal a strategic shift in focus.