NAVA Limited’s board has approved an interim dividend of ₹3.00 per equity share. The company also announced leadership changes in its wholly-owned subsidiary, Nava Global Pte. Limited (NGPL), with Ashwin Devineni transitioning to Vice-Chairman. Financial results for Q2 2025 were approved at the board meeting held on November 7, 2025.
Interim Dividend Declared
NAVA Limited has declared an interim dividend of ₹3.00 (300%) per equity share (face value of ₹1 each). The record date for determining shareholders eligible for the dividend is November 14, 2025. Payment will be made within the statutory timeframe.
Nava Global Pte. Limited Leadership Changes
Ashwin Devineni has resigned from his position as Managing Director of Nava Global Pte. Limited (NGPL), a wholly-owned subsidiary of NAVA Limited, but will remain a director. He will take on strategic oversight of the group and downstream overseas investments. The Board has approved his redesignation as Vice-Chairman of NGPL, effective November 8, 2025, for the remainder of his term (up to March 31, 2029). This redesignation is subject to shareholder approval via postal ballot.
Q2 & H1 2025 Financial Results Approved
The Board approved the unaudited consolidated and standalone financial results for the second quarter (Q2: Jul-Sep) and half-year ended September 30, 2025.
Auditor Review and Going Concern
Auditors have drawn attention to note 3 in the financial statements regarding the recoverability of overdue trade and other receivables from Maamba Energy Limited (MEL) amounting to ₹48,889.04 Lakhs as of September 30, 2025, and also to Note 5, which describes the uncertainty related to a lawsuit filed by and against Brahmani Infratech Private Limited. The conclusion remains unmodified in respect of these matters.
Source: BSE
