NAVA Limited has announced a leadership transition in its finance department, with the Board of Directors approving key changes to the Chief Financial Officer position effective March 2026. The company disclosed these developments in a regulatory filing dated February 05, 2026, ensuring compliance with SEBI listing regulations.

New CFO Appointment

The Board has approved the appointment of Mr. B. Srinivasa Rao as Chief Financial Officer and Key Managerial Personnel, effective March 04, 2026. Mr. Srinivasa Rao has been associated with NAVA Limited since June 2023, currently serving as Financial Controller.

Professional Background and Qualifications

Mr. Srinivasa Rao brings extensive experience across a wide spectrum of finance functions, including financial reporting, controllership, audits, treasury, taxation, mergers and acquisitions, financial planning and analysis, and business finance. His current responsibilities at NAVA include consolidation of accounts, treasury management, business accounts, taxation, costing, and overall supervision of the finance and accounts function.

The incoming CFO is a Chartered Accountant and holds a Bachelor's degree in Commerce from Nagarjuna University, Andhra Pradesh. His shareholding in the company includes 13,700 shares held personally and 4,600 shares held by his spouse.

Outgoing CFO Resignation

Concurrently, Mr. K.V.S. Vithal has resigned from his position as Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on March 03, 2026. The resignation, submitted via letter dated February 04, 2026, cites the pursuit of better professional prospects as the reason for departure.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement includes comprehensive details as mandated by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, covering both the appointment and resignation processes.

The transition ensures continuity in NAVA Limited's financial leadership, with Mr. Srinivasa Rao's institutional knowledge and established presence within the organization facilitating a smooth handover of responsibilities.

NAVA Limited announced its unaudited consolidated financial results for the third quarter ended December 31, 2025, demonstrating robust financial performance with significant improvement in profitability across its diversified business portfolio. The company's Board of Directors approved these results at their meeting held on February 05, 2026, pursuant to Regulation 33 of SEBI Listing Regulations.

Strong Financial Performance

The company delivered impressive consolidated results with total income reaching ₹1,061.5 crore and net profit of ₹325.7 crore, showcasing substantial quarter-on-quarter growth momentum. The energy division contributed significantly to this healthy performance, supported by MEL's power plant operations despite planned maintenance outages in Indian operations.

Business Segment Performance

The metals division demonstrated strong operational momentum with ferro alloys sales surging to 33,383 MT from 20,068 MT year-on-year, driven by healthy export demand. Silico Manganese production reached 31,648 MT, representing an 82.3% increase compared to the previous year, while ferro silicon production was 1,735 MT.

Strategic Developments and Cash Flow Management

Maamba Energy Limited (MEL) realized US$ 20 million towards arrears during the quarter, reducing outstanding arrears from ZESCO to US$ 30.5 million. This demonstrates the company's continued focus on cash flow discipline and working capital management. MEL has distributed cumulative dividends of US$ 89.5 million to Nava Global, enabling dividend payments and share buybacks.

Project Updates and Expansion Initiatives

The company is advancing multiple strategic projects across its business segments. Construction of MSEL's 100 MW solar power project in Zambia commenced in September 2025 and remains on track for commissioning in H1 FY27. MEL's 300 MW expansion project continues to progress with majority equipment dispatched to site, though commissioning is now expected in H2 FY27.

Regulatory Compliance and Governance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 05, 2026. The results were subjected to limited review by statutory auditors Walker Chandiok & Co LLP, who issued an unmodified review report. The company maintains compliance with Indian Accounting Standard 34 and SEBI Listing Regulations requirements.