Stock Exchange and Stakeholders are requested to take on record Outcome of the Board Meeting held on Wednesday, 10th March, 2026 as attached.
Awaiting price reaction for this filing.
Univa Foods Ltd held a board meeting on 11th March 2026 where it announced two key leadership changes. Mr. Pravin Chauhan (DIN: 11439345), a Commerce graduate with experience in Finance, Accounting, and Corporate Financial Management, has been appointed as Additional Director (Executive category) and as Managing Director for a 5-year term from 11th March 2026 to 10th March 2031, subject to shareholder approval. At the same time, Mr. Mallinath Madineni (DIN: 01556784) resigned from the position of Managing Director with immediate effect, confirming there are no other material reasons for his resignation. Mr. Madineni also stepped down from all board committees of which he was a member. The appointment was made on the recommendation of the Nomination and Remuneration Committee.
This is a significant leadership transition at the top of the company. The incoming MD brings a finance-focused background, which may signal a strategic pivot toward stronger financial controls. Shareholders should watch for the rationale behind the outgoing MD's departure, as only summary information about his resignation has been disclosed so far.