NAVA Limited 's Board of Directors, acting on the recommendations of the Nomination and Remuneration Committee, approved several key appointments and re-appointments at its meeting held on May 15, 2026. The decisions cover the continuation of an existing director's tenure and the re-appointment of two others to leadership roles, all subject to shareholder approval at the ensuing Annual General Meeting and other necessary regulatory approvals.

Summary of Appointments

The following table outlines the key details of the appointments and re-appointments approved by the Board:

Director Profiles

Mr. Trivikrama Prasad Pinnamaneni — Non-Executive Director

The Board approved the continuation of Mr. Trivikrama Prasad Pinnamaneni as a Non-Executive Director for a period of five years, effective from May 15, 2026. After serving as Managing Director for over four decades, Mr. Pinnamaneni continues his association with Nava Limited as a Non-Independent Director post-retirement. He holds an MBA from the U.S. and brings over 40 years of expertise in financial management and corporate planning, having been instrumental in Nava's sustained growth. Mr. P. Trivikrama Prasad and Mr. D. Ashok, Chairman, are related, though not within the meaning of Section 2(77) of the Companies Act, 2013; no other director is related to Mr. Pinnamaneni.

Mr. GRK Prasad — Executive Director

The Board sanctioned the re-appointment of Mr. GRK Prasad as Whole-time Director, designated as Executive Director, for a term of two years effective from June 28, 2026. Mr. Prasad has been associated with Nava Limited since 1995 and currently oversees business operations, corporate strategy, internal controls, risk management, and financial processes. He has over four decades of experience in finance, accounting, corporate strategy, and management, and is also well-versed in project financing and M&A management across varied business verticals in multiple organisations. Mr. Prasad is a Fellow Member of both the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. No director on the Board of Nava is related to Mr. GRK Prasad.

Mr. Mwelwa Chibesakunda — Independent Director

To strengthen its governance framework, the Board approved the re-appointment of Mr. Mwelwa Chibesakunda as an Independent Director for a further period of five years, effective from November 14, 2026. A Zambian national, Mr. Chibesakunda is a lawyer and an advocate of the High Court and Supreme Court of Zambia. He holds an LLM in International Commercial Law from the University of Bristol (1996), a Bachelor of Laws degree from the University of Zambia (1990), and a Legal Practitioner's License from Ziale (1991). He has over three decades of law practice experience in Zambia and is the Managing Partner of Chibesakunda & Company, a DLA Piper Africa associated firm he founded in 2006, which has been recognised as a Tier 1 firm for the last 18 years. Mr. Chibesakunda commenced his legal career at the Ministry of Justice and has served on the boards of several organisations. He currently serves on the boards of Hybrid Poultry Ltd, Verino Agri Processing Industries Ltd, Country Choice Ltd, UPEPO Energy Ltd, Chilanga Cement Plc, Wildlife Crime Prevention, DLA Africa, and Maamba Energy Ltd. No director on the Board of Nava is related to Mr. Mwelwa Chibesakunda.

Compliance and Disclosures

All three directors have been affirmed as not disqualified from holding the office of Director under the Companies Act, 2013, and are not debarred from holding the office of director by virtue of any SEBI order or any other authority. The detailed disclosures pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been made available on the company's official website.

The Nomination & Remuneration Committee of Nava Limited approved the grant of 70,000 Restricted Stock Units (RSUs) to eligible employees on May 14, 2026, under the NAVA – Restricted Stock Unit Plan 2023 ("NAVA RSU 2023"). This constitutes Grant-V under the scheme and is in compliance with SEBI (Share Based Employee Benefits) Regulations, 2021. The disclosure has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the RSU Grant

The following table summarises the core parameters of the Grant-V RSU issuance:

Each RSU carries the right to apply for and be allotted one equity share of face value Re.1/- each of the Company upon exercise.

Vesting Schedule

All RSUs granted under Grant-V shall vest not earlier than a minimum period of one year from the date of grant. The vesting is structured across four tranches as detailed below:

The Nomination and Remuneration Committee retains the discretion to modify the vesting schedule, subject to applicable laws, provided such changes are not detrimental to the interests of the employees.

Scheme Governance and Terms

The exercise period for each tranche is up to ninety (90) days from the respective date of vesting. The Board or the Nomination and Remuneration Committee may, if deemed necessary, modify, change, vary, amend, suspend, or terminate the NAVA RSU 2023 scheme, subject to compliance with applicable laws and regulations. No RSUs have been exercised, lapsed, or cancelled under this grant as of the disclosure date, and no money has been realised through exercise of RSUs.

The disclosure was filed by VSN Raju, Company Secretary & Vice President of Nava Limited, in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.