NAVA LIMITED has informed stock exchanges about an upcoming Board of Directors meeting scheduled for February 05, 2026, to review and approve the company's quarterly financial performance. The meeting will focus on considering the unaudited financial results for the third quarter and nine months ended December 31, 2025.

Board Meeting Details

The company has issued a formal notification under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the scheduled board meeting. The directors will review both consolidated and standalone financial results for Q3FY26 during this session.

Trading Window Restrictions

NAVA LIMITED has implemented trading window restrictions in accordance with regulatory requirements. The trading window was closed on January 01, 2026, and will remain closed until February 07, 2026, both days inclusive. This closure was previously communicated through the company's letter dated December 29, 2025.

Regulatory Compliance

The notification was signed by VSN Raju, Company Secretary & Vice President, and submitted to both the National Stock Exchange of India Limited and BSE Limited. The company maintains transparency through regular disclosures available on its investor relations webpage for board meeting notifications.

Nava Limited announced that it will receive $50 million (approximately ₹450 crore) as buyback proceeds from its wholly owned Singapore subsidiary, Nava Global Pte Ltd, following board approval of the proposal.

Transaction Structure and Funding

The buyback will be funded through surplus cash at Nava Global, after considering the subsidiary's financial position, dividend policy, capital commitments and cash flows. Under the transaction structure, Nava Global will buy back 9.92 million equity shares from Nava Ltd at $5.04 per share, significantly above the book value of $1.20 per share.

Valuation and Ownership Impact

The buyback consideration has been determined based on an independent fair equity valuation of Nava Global at $1.26 billion. Post-transaction, Nava will continue to hold a 100% stake in the Singapore subsidiary, with no impact on voting rights or control. The total consideration of approximately ₹450 crore is calculated at an exchange rate of ₹90 per US dollar, subject to currency movements.

Strategic Benefits and Tax Implications

According to the company, the transaction enables partial monetisation of its investment in the Singapore subsidiary, efficient utilisation of accumulated free reserves at Nava Global, and enhanced liquidity to support new acquisitions as well as ongoing and future projects. The consideration received will be subject to long-term capital gains tax, after accounting for the historical cost of investment of ₹48.33 crore for the shares being bought back on a FIFO basis.

Management Commentary

Commenting on the development, Ashwin Devineni, Managing Director and Chief Executive Officer of Nava Ltd, said the transaction reflects the company's focus on disciplined capital allocation and long-term value creation. "By unlocking capital from a mature subsidiary and redeploying it in line with our strategic priorities, we are improving capital efficiency and optimising returns, while maintaining the financial strength and growth prospects of our businesses," Devineni stated.

Market Response

Post announcement, shares of Nava Limited closed at ₹580.10, up 1.16% on the day, after hitting an intraday high of ₹589.00. The positive market response reflects investor confidence in the company's capital allocation strategy and the value unlocking potential of the transaction.