Meeting Details

The 54th AGM of Nava Limited will be held on Friday, August 14, 2026, at 10:00 a.m. (IST). The meeting will be conducted entirely through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) without physical attendance, as per the Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025. The Register of Members and share transfer books will be closed from Saturday, August 8, 2026, to Friday, August 14, 2026 (both days inclusive) for the purpose of the AGM and dividend.

Summary of Proposed Resolutions

Ordinary Business

  • Item No. 1: To receive, consider, and adopt the audited standalone and consolidated financial statements for the year ended March 31, 2026, together with the reports of the Board of Directors and Auditors.
  • Item No. 2: To declare a final dividend at the rate of 550%, i.e., ₹5.50 per equity share of ₹1 each for the financial year ended March 31, 2026.
  • Item No. 3: To appoint a director in place of Mr. P. Trivikrama Prasad (DIN: 00006887), who retires by rotation and offers himself for re-appointment.
  • Item No. 4: To appoint a director in place of Mr. Nikhil Devineni (DIN: 08695842), who retires by rotation and offers himself for re-appointment.

Special Business

  • Item No. 5: To ratify the payment of remuneration amounting to ₹7,00,000/- plus out-of-pocket expenses and applicable taxes to the Cost Auditors, M/s. Sagar & Associates (Firm Registration No.: 000118), for the financial year 2026-27. This is an Ordinary Resolution.
  • Item No. 6: Approval for the continuation of Mr. P. Trivikrama Prasad (DIN: 00006887) as a Non-Executive Non-Independent Director for a period of five years from May 15, 2026. This includes approval for him to continue in office after attaining the age of 75. His commission will be governed by previous shareholder approval. This is a Special Resolution.
  • Item No. 7: Re-appointment and remuneration of Mr. GRK Prasad (DIN: 00006852) as Executive Director for a further period of two years from June 28, 2026. The proposed remuneration includes a salary in the range of ₹15,90,000 to ₹20,00,000 per month, an incentive of ₹60,00,000 per annum, and perquisites as detailed in the notice (housing, medical, LTA, club fees, etc.). This is a Special Resolution.
  • Item No. 8: Re-appointment of Mr. Mwelwa Chibesakunda (DIN: 10805023) as an Independent Director for a second term of five years from November 14, 2026, to November 13, 2031. This is a Special Resolution.
  • Item No. 9: Amendment of Clause III(3B) of the Memorandum of Association to broaden the Company's object clause for power generation. The amendment explicitly adds nuclear energy, hydrogen, hybrid systems, energy storage systems, and other future technologies to the list of permitted activities. This is a Special Resolution.

Voting Process and Methods

The Company is providing a facility for remote e-voting through National Securities Depository Limited (NSDL).

  • Cut-off Date: The eligibility for voting is based on the Register of Members/Register of Beneficial Owners as on Friday, August 7, 2026.
  • Remote e-voting period: Commences at 9:00 a.m. (IST) on Monday, August 10, 2026, and ends at 5:00 p.m. (IST) on Thursday, August 13, 2026.
  • Voting during the AGM: Members who have not cast their vote via remote e-voting and are present in the AGM through VC/OAVM will be eligible to vote through the e-voting system during the meeting.
  • Scrutinizer: The Scrutinizer for the voting process is not explicitly named in the provided data. Institutional shareholders are instructed to send scanned copies of authorization documents to prenukaacs@gmail.com with a copy to evoting@nsdl.com.

Compliance Confirmation

The notice confirms compliance with:

  • The Companies Act, 2013, and rules made thereunder.
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Secretarial Standards on General Meetings.
  • Relevant circulars issued by the Ministry of Corporate Affairs and SEBI regarding virtual meetings and e-voting.

Other Relevant Information

  • The dividend, if declared, will be paid to members registered as of August 7, 2026, subject to TDS deduction as per the Finance Act, 2020.
  • Unclaimed dividend for the year ended March 31, 2019, will be transferred to the Investor Education and Protection Fund (IEPF) on or before September 9, 2026.
  • Shares in respect of which dividend has not been paid or claimed for seven consecutive years or more have been transferred to the IEPF.
  • Members are urged to dematerialize their shares and update KYC details with the Registrar and Transfer Agent, KFin Technologies Limited.
  • The notice and annual report are available on the company's website (www.navalimited.com), the websites of BSE and NSE, and the NSDL e-voting portal (www.evoting.nsdl.com).