Nava Limited has notified the stock exchanges of an upcoming Board of Directors meeting scheduled for Friday, May 15, 2026. The intimation has been filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to both the National Stock Exchange of India Limited and BSE Limited on May 06, 2026.

Key Agenda Items

The board meeting has been convened to deliberate on several significant matters pertaining to the company's financial performance and shareholder returns. The following agenda items are scheduled for consideration:

• Audited Financial Results (Consolidated & Standalone) for the fourth quarter and financial year ending March 31, 2026, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Audited Financial Statements (Consolidated & Standalone) for the financial year ending March 31, 2026
• Consideration and Recommendation of Final Dividend for Financial Year 2025-26

Board Meeting Details

The key details of the scheduled board meeting are summarised below:

Trading Window Closure

In connection with the upcoming board meeting, Nava Limited has also informed the exchanges regarding the trading window status. As communicated vide letter no. NAVA/SECTL/509/2025-26 dated March 25, 2026, the trading window was closed on April 01, 2026, and will remain closed until May 17, 2026, with both days inclusive. The intimation was signed by VSN Raju, Company Secretary & Vice President, on behalf of Nava Limited.

Nava has announced a strategic maintenance shutdown of its ferro alloys furnaces located in Odisha, scheduled to commence from April 1, 2026. In a regulatory filing dated March 30, 2026, the company informed stock exchanges about the planned temporary shutdown under Regulation 30 of SEBI Listing Regulations.

Maintenance Schedule and Asset Management Strategy

The company has outlined that both furnaces of the Ferro Alloys Plant (FAP) at its Odisha manufacturing unit have been operational for over 25 years and are due for mid-life structural inspection and maintenance. As part of its proactive asset management strategy, the shutdown will ensure long-term operational efficiency, safety, and reliability while complying with safety and regulatory requirements.

Continued Power Operations and Market Opportunity

Despite the ferro alloys production halt, the company's 30 MW Captive Power Plant (CPP) at the unit will continue operations without disruption. The power generated will be exported to the grid through bilateral contracts during the maintenance period.

Financial Impact and Market Positioning

The company expects improved realizations from power sales during this period, driven by expected peak summer demand and favourable market prices. This strategic positioning aims to optimize overall returns, with management not anticipating any material adverse impact on financial performance.

The maintenance shutdown represents a proactive approach to equipment management, ensuring the long-term viability of assets that have been operational for over two decades. The company has committed to provide prompt updates upon resumption of ferro alloys operations after the three-month maintenance period.