Nava Limited has announced an important update to its upcoming board meeting agenda. The company's board of directors is set to consider an interim dividend for the financial year 2025-26, adding a significant item to the previously scheduled meeting.

Key Details

Additional Information

The company has also scheduled a conference call for investors and analysts on the same day as the board meeting. This call aims to discuss Nava Limited's operational and financial performance for the second quarter ended September 30, 2025.

Conference Call Details

Key company representatives participating in the call will include:

• Mr. Ashwin Devineni, Managing Director & CEO
• Mr. GRK Prasad, Executive Director
• Mr. Nikhil Devineni, Executive Director
• Mr. K.V.S. Vithal, Chief Financial Officer
• Mr. VSN Raju, Company Secretary

Investors and analysts interested in participating can access the call through various means, including universal access numbers and toll-free numbers for Singapore, Hong Kong, UK, and USA.

This development signifies Nava Limited's commitment to keeping its shareholders informed about potential returns on their investments. The consideration of an interim dividend, coupled with the scheduled financial performance discussion, provides a comprehensive overview of the company's current financial position and its approach to shareholder value creation.

Investors and market watchers will likely keep a close eye on the outcome of this board meeting, as it may impact the company's stock performance in the short term.

Nava Limited , a diversified company with interests in energy and metals, has reported its highest-ever quarterly profit of Rs 490.00 crore for the first quarter of fiscal year 2026, marking a substantial 61% increase from the previous quarter. The company's consolidated revenues reached Rs 1,213.00 crore, representing a nearly 15% sequential growth.

Strong Performance Across Segments

The exceptional financial results were driven by robust performance across Nava Limited's business segments. The company attributed its success to strong energy operations, higher realizations in metal businesses, and disciplined cost control measures.

Maamba Energy Limited's Milestone

A significant contributor to Nava's success this quarter was its subsidiary, Maamba Energy Limited (MEL). The company successfully collected $75.00 million in arrears and declared its maiden dividend of $32.50 million. Nava Limited expects to receive the remaining $85.00 million in receivables before the end of the financial year, further strengthening its financial position.

Tax Implications and Future Outlook

Starting from FY26, Nava Limited will face reduced tax exemption benefits. The company will now be subject to a 15% tax rate (50% of the standard rate) for the next three years. This change in tax structure is expected to impact the company's profitability in the coming years.

Expansion Projects on Track

Nava Limited continues to make progress on its expansion projects:

1. MEL Phase II: The 300 MW capacity expansion is progressing as scheduled, with commissioning expected by August 2026.
2. Solar Project in Zambia: A 100 MW solar project is on track for commissioning by July 2026.
3. Integrated Sugar Project: The company is advancing a $200.00 million integrated sugar project in Zambia, slated for completion by April 2028.

Financial Position and Dividend Policy

Nava Limited maintains a strong financial position with net cash of approximately Rs 1,400.00 crore. The company has reaffirmed its commitment to its dividend policy, which aims to distribute 25-30% of standalone profits to shareholders.

Conference Call Highlights

In a recent investor conference call held on August 14, 2025, Nava Limited's management, led by Managing Director and CEO Mr. Ashwin Devineni, discussed the company's operational and financial performance for the quarter ended June 30, 2025. The call highlighted the company's achievements and provided insights into its future strategies.

Nava Limited's strong performance in Q1 FY26 demonstrates its resilience and ability to capitalize on favorable market conditions across its diverse business portfolio. As the company continues to execute its expansion plans and maintain financial discipline, investors will be watching closely to see if this momentum can be sustained in the coming quarters.