Univa Foods Limited has informed the Exchange regarding Outcome of Board Meeting held on March 11, 2026.
Awaiting price reaction for this filing.
Univa Foods Limited held a board meeting on March 11, 2026, where it approved significant leadership changes at the top. Mr. Mallinath Madineni stepped down as Managing Director with immediate effect. To fill the vacancy, the board appointed Mr. Pravin Chauhan, a Commerce graduate with experience in finance, accounting, and corporate financial management, as Additional Director (Executive) and Managing Director for a five-year term ending March 10, 2031. The appointment is subject to shareholder approval and was made on the recommendation of the Nomination and Remuneration Committee. Mr. Chauhan has been confirmed as not debarred by SEBI or any other authority from holding directorship.
This is a complete change of the top executive role, which may create short-term uncertainty but provides continuity through an immediate replacement. The new MD's finance-heavy background could signal a focus on financial discipline and governance. Shareholders should watch for the postal ballot outcome ratifying the appointment.