NAVA LIMITED

Board Meeting Details

The Board of Directors meeting commenced at 10:00 a.m. (IST) and concluded at 11:50 a.m. (IST) on November 12, 2026.

Key Decisions Approved

1. Unaudited Financial Results: Approval of unaudited financial results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026, pursuant to Regulation 33(3) of Listing Regulations.

2. Statutory Auditor Appointment: Based on Audit Committee recommendations, the Board recommended the appointment of B S R and Co, Chartered Accountants (Firm Registration No. 128510W) as Statutory Auditors for a term of 5 consecutive years from the conclusion of the 55th Annual General Meeting (AGM) in 2027 until the conclusion of the 60th AGM in 2032, subject to member approval.

Consolidated Financial Performance (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹1,25,231.55 lakhs
  • Other Income: ₹8,324.25 lakhs
  • Total Income: ₹1,33,555.80 lakhs
  • Profit Before Tax (Continuing Operations): ₹45,315.47 lakhs
  • Tax Expense: ₹4,937.30 lakhs (Current: ₹13,673.22 lakhs; Deferred: ₹(8,735.92) lakhs)
  • Profit for the Period: ₹40,344.79 lakhs
  • Earnings Per Share (Basic): ₹11.14 (Continuing: ₹11.15; Discontinued: ₹(0.01))
  • Total Comprehensive Income: ₹49,641.85 lakhs

Consolidated Financial Performance (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹2,46,411.14 lakhs
  • Other Income: ₹14,020.77 lakhs
  • Total Income: ₹2,60,431.91 lakhs
  • Profit Before Tax (Continuing Operations): ₹93,279.37 lakhs
  • Tax Expense: ₹19,577.42 lakhs (Current: ₹24,297.88 lakhs; Deferred: ₹(4,720.46) lakhs)
  • Profit for the Period: ₹73,627.08 lakhs
  • Earnings Per Share (Basic): ₹20.94 (Continuing: ₹20.96; Discontinued: ₹(0.02))
  • Total Comprehensive Income: ₹84,289.95 lakhs

Segment Performance (Quarter Ended September 30, 2026)

  • Ferro Alloys: Revenue ₹26,619.89 lakhs, Result ₹1,034.48 lakhs
  • Energy: Revenue ₹99,361.22 lakhs, Result ₹41,584.56 lakhs
  • Mining: Revenue ₹15,358.92 lakhs, Result ₹1,713.08 lakhs
  • Other: Revenue ₹54.70 lakhs, Result ₹(2,839.74) lakhs

Consolidated Assets and Liabilities (As at September 30, 2026)

  • Total Assets: ₹15,68,705.68 lakhs
  • Non-Current Assets: ₹10,17,079.92 lakhs
  • Current Assets: ₹5,51,279.91 lakhs
  • Total Equity: ₹11,46,185.42 lakhs
  • Non-Current Liabilities: ₹3,59,238.60 lakhs
  • Current Liabilities: ₹62,910.48 lakhs

Consolidated Cash Flows (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹86,024.40 lakhs
  • Net Cash Used in Investing Activities: ₹(1,55,883.43) lakhs
  • Net Cash from Financing Activities: ₹58,345.36 lakhs
  • Net Change in Cash: ₹(11,513.67) lakhs
  • Cash and Cash Equivalents at End: ₹2,01,152.76 lakhs

Standalone Financial Performance (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹49,824.41 lakhs
  • Other Income: ₹2,379.23 lakhs
  • Total Income: ₹52,203.64 lakhs
  • Profit Before Tax: ₹14,632.10 lakhs
  • Tax Expense: ₹3,445.48 lakhs (Current: ₹3,008.21 lakhs; Deferred: ₹437.27 lakhs)
  • Profit for the Period: ₹11,153.24 lakhs
  • Earnings Per Share (Basic): ₹3.94

Key Notes and Contingencies

1. Legal Contingency: Subsidiary Brahmani Infratech Private Limited is involved in litigation with Mantri Technology Parks Private Limited. Contingent liability of ₹3,918.95 lakhs (excluding interest) has been recognized for potential refund of security deposit and reimbursement of expenses. Contingent asset of ₹1,813.33 lakhs (excluding interest) has been recognized for claims receivable.

2. Expected Credit Loss: Maamba Energy Limited has recorded an ECL allowance of ₹555.09 lakhs against overdue receivables of ₹12,592.61 lakhs from a customer, despite having a sovereign guarantee from the Government of Zambia.

3. Subsidiary Information: The consolidated results include 18 subsidiaries and 1 associate (Vitalis Pte Limited, Singapore from September 3, 2026).

4. Auditor's Review: Walker Chandiok & Co LLP issued an unmodified review report on both consolidated and standalone financial results, drawing attention to the legal contingency note.

Auditor Profile

B S R and Co (Firm Registration No. 128510W) is proposed as the new statutory auditor. The firm was constituted on September 1, 2007, with registered office in Mumbai, and has approximately 4000+ staff and 200+ Partners across multiple locations in India.