Nava Limited Board Approves FY26 Audited Results, Recommends 550% Final Dividend
Nava Limited's Board approved audited FY26 financial results and recommended a final dividend of 550% (₹5.50 per share). Key appointments include Mr. GRK Prasad as Executive Director and re-appointments for Mr. Pinnamaneni and Mr. Chibesakunda.
The declaration of a 550% dividend and approval of audited financial results are material events that directly impact shareholders and the company's financial standing.
The company reported audited financial results and recommended a significant final dividend, which are positive indicators for shareholders. The re-appointments of directors also signal stability.
Nava Limited announced the outcome of its Board meeting held on May 15, 2026. The Board approved the audited financial results, both consolidated and standalone, for the quarter and financial year ended March 31, 2026.
Key financial highlights include the presentation of audited financial results, segment-wise revenue and results, statement of assets and liabilities, statement of cash flows, and auditors' reports. The auditors have issued unmodified opinions on the financial results.
The Board has recommended a final dividend of 550%, amounting to ₹5.50 per equity share of face value ₹1 each, for the financial year ended March 31, 2026. This dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and will be paid within the statutory timeline.
Furthermore, the Board approved several director-related matters, subject to member approval at the ensuing AGM: * Continuation of Mr. Trivikrama Prasad Pinnamaneni's directorship as Non-Executive Director for 5 years from May 15, 2026. * Re-appointment of Mr. GRK Prasad as Whole-time director, designated as Executive Director, for two years from June 28, 2026. * Re-appointment of Mr. Mwelwa Chibesakunda as Independent Director for five years from November 14, 2026. * Alteration of clause III, point 3B of the Memorandum of Association (MOA) related to power generation and related activities.
The Board also considered and approved the appointment of M/s. Sagar & Associates as Cost Auditors for FY 2026-27.
The Board meeting commenced at 10:30 a.m. (IST) and concluded at 01:40 p.m. (IST). The financial results are available on the company's website.
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