Nava Limited , a diversified company with interests in ferro alloys, energy, and mining, has announced a significant employee incentive program alongside its robust financial results for the second quarter of fiscal year 2025-26.

RSU Grant Details

The company's Nomination and Remuneration Committee has approved the grant of 2,80,000 Restricted Stock Units (RSUs) to eligible employees under the NAVA-RESTRICTED STOCK UNIT PLAN 2023. Key features of the RSU grant include:

• Each RSU entitles the holder to one equity share of Re. 1 face value.
• The exercise price is set at Rs. 476.28 per RSU.
• Vesting will occur over four years starting November 2026, with the following schedule:
  • 20% in each of the first two years
  • 25% in the third year
  • 35% in the fourth year
• All RSUs have a minimum vesting period of one year and must be exercised within 90 days of vesting.

Q2 Financial Highlights

Nava Limited has reported strong financial performance for the quarter ended September 30, 2025:

• Consolidated revenue from operations stood at Rs. 96,373.33 lakhs.
• Profit before tax from continuing operations was Rs. 24,419.36 lakhs.
• Net profit attributable to shareholders of the holding company reached Rs. 12,949.41 lakhs.

The company's performance across its business segments for the half-year ended September 30, 2025, is as follows:

Dividend Declaration

The Board of Directors has declared an interim dividend of Rs. 3 per equity share (300%) with a face value of Re. 1 each. The record date for this dividend is set for November 14, 2025.

Management Changes

The company also announced that Mr. Ashwin Devineni has been re-designated as Vice-Chairman of Nava Global Pte. Limited (NGPL), a wholly-owned subsidiary of Nava Ltd, effective November 8, 2025. This change is subject to shareholder approval and is part of a strategic move for Mr. Devineni to oversee the group's downstream overseas investments.

Nava Limited's combination of employee incentives, strong financial performance, and strategic management changes indicates the company's focus on long-term growth and shareholder value.

Nava has reported strong financial results for the second quarter and half year ended September 30, 2025, along with a significant dividend declaration and key leadership changes.

Financial Highlights

Nava Limited reported consolidated revenue growth in Q2FY26, primarily driven by higher Ferroalloys sales of 32,760 MT compared to 19,337 MT in the same period last year. The Energy division maintained revenue levels despite early monsoon and prolonged rains affecting power demand and tariffs.

For Q2FY26:

• Consolidated profit before tax: ₹244.20 crores
• Profit after tax: ₹177.50 crores

The company's consolidated results for the half year show:

Dividend Declaration

Nava's Board has approved an interim dividend of 300% (₹3.00 per equity share of ₹1 each). The record date for this dividend is set for November 14, 2025.

Leadership Changes

Significant management changes include:

• Mr. Ashwin Devineni has resigned from his position as Managing Director at the subsidiary Nava Global Pte. Limited, while continuing as a director.
• Mr. Devineni has been re-designated as Vice-Chairman, effective November 8, 2025, for the remainder of his term until March 31, 2029.

Business Segments and Operations

Nava operates across three main segments:

1. Ferro alloys
2. Energy
3. Mining

The consolidated financial statement includes results from 18 subsidiaries.

Key operational highlights include:

• Conversion of 60MW Odisha operations into Independent Power Plant
• Progress on MEL's Phase II 300MW expansion project
• Commencement of Maamba Solar's 100MW solar project construction
• Advancement of integrated sugar project with sugarcane plantation multiplication

Financial Updates

• The Ferroalloys division faced lower realizations in export markets.
• Maamba Energy received US$30.00 million during the quarter, reducing outstanding receivables to US$55.50 million.
• The company received dividends of US$10.00 million from Nava Global and ₹13.00 crores from Nava Bharat Energy India Limited.

Conclusion

Nava's strong financial results, substantial dividend declaration, and operational progress across various projects reflect the company's robust performance in Q2FY26. The recent leadership changes and the company's diversified operations across multiple segments position it for potential future growth and profitability.