Univa Foods Limited has informed the Exchange about change in Management
Awaiting price reaction for this filing.
Univa Foods Limited has announced a change at the top of its management. Mr. Mallinath Madineni has resigned as Managing Director with immediate effect from 11th March 2026, and has also stepped down from all Board Committees. To fill the role, the Board has appointed Mr. Pravin Chauhan as an Additional Director (Executive) and as the new Managing Director for a 5-year term, running 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 appointment was recommended by the Nomination and Remuneration Committee.
For shareholders, this is a significant leadership change at the MD level happening in a single board meeting. The new MD's finance-focused background could bring stronger financial discipline, but the abrupt exit of the previous MD and lack of disclosed reasons may raise short-term governance questions and could lead to mild stock volatility until the new leadership's strategy becomes clear.