Univa Foods Limited Appoints Pravin Chauhan as Managing Director Following Board Restructuring

2 min read Updated on 11 Mar 2026, 07:21 PM

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Jubin VScanX News Team

Overview

Univa Foods Limited has completed a significant management transition with the appointment of Mr. Pravin Chauhan as Managing Director for a five-year term and the resignation of Mr. Mallinath Madineni from the same position. The changes were approved during a board meeting on March 11, 2026, with proper regulatory disclosures submitted to NSE and BSE under SEBI compliance requirements.

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Univa Foods Limited has announced major leadership changes following a board meeting held on March 11, 2026. The company has appointed Mr. Pravin Chauhan as its new Managing Director while accepting the resignation of Mr. Mallinath Madineni from the same position.

Board Appointments and Changes

The board of directors, acting on recommendations from the Nomination and Remuneration Committee, approved several key appointments subject to shareholder approval:

Position:	Details
New Managing Director:	Mr. Pravin Chauhan (DIN: 11439345)
Appointment Date:	March 11, 2026
Term Duration:	5 years (March 11, 2026 to March 10, 2031)
Additional Role:	Additional Director in Executive category

Leadership Profile

Mr. Pravin Chauhan brings substantial expertise to his new role as Managing Director. He is a Commerce graduate with extensive experience in finance, accounting, and corporate financial management. His background includes a deep understanding of financial operations, and his leadership and analytical skills have contributed significantly to enhancing financial efficiency and governance standards in his previous roles.

The company has confirmed that Mr. Chauhan is not debarred from holding the office of Director by any order of SEBI or other regulatory authorities. This confirmation has been validated by both the Nomination and Remuneration Committee and the Board of Directors.

Management Transition

Simultaneously, the board accepted the resignation of Mr. Mallinath Madineni (DIN: 01556784) from his position as Managing Director with immediate effect. In his resignation letter, Mr. Madineni cited other professional commitments and personal reasons for stepping down.

Departure Details:	Information
Outgoing Managing Director:	Mr. Mallinath Madineni (DIN: 01556784)
Resignation Date:	March 11, 2026
Reason:	Professional commitments and personal reasons
Committee Resignations:	Resigned from all Board committees

Mr. Madineni confirmed in his resignation letter that there are no other material reasons for his departure beyond those mentioned. He also resigned from all Board committees where he held membership.

Regulatory Compliance

The announcements were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 5:00 PM and concluded at 5:30 PM on March 11, 2026.

The company has submitted the required disclosures to both the National Stock Exchange of India Limited and BSE Limited, ensuring full regulatory compliance for the leadership transition. The official communication was signed by Director Deepak Kharwad (DIN: 08134487) and included comprehensive annexures detailing the appointment and resignation particulars as required under SEBI regulations.