Nava Ltd Announces 600% Dividend for FY 2025, Stock Rises Amid Market Decline
Nava Ltd's Board of Directors has recommended a final dividend of 600% (₹6.00 per equity share) for FY 2025, subject to shareholder approval at the upcoming AGM. The stock responded positively, opening at ₹472.45 and reaching an intraday high of ₹483.20, despite a broader market decline. This dividend announcement demonstrates Nava Ltd's financial strength and commitment to shareholder value.
16May 25
NAVA Reports Q4 Revenue Growth and Declares Dividend
NAVA's Q4 financial results show an 11% year-over-year revenue increase to ₹10.20 billion. Net profit rose by 11.4% to ₹2.34 billion. EBITDA remained steady at ₹3.80 billion, but the EBITDA margin declined to 37.48% from 41.30%. The company declared a dividend of ₹6.00 per share.
04Mar 25
Nava Limited's Zambian Subsidiary Secures Expanded Exploration License
Nava Limited's Zambian subsidiary has received an extension to its large-scale exploration license, increasing the area from 4,358.8 hectares to 7,566.2614 hectares in the Kalomo/Sinazongwe District. The expanded license allows exploration for lithium, amethyst, aquamarine, and tantalum. Detailed drilling and exploration activities are planned over the next three years. This expansion is part of Nava's broader strategy in overseas mineral exploration, which includes projects in Zambia and Côte d'Ivoire.
03Mar 25
Nava Limited's Zambian Subsidiary Secures Expanded Exploration License
Nava Limited's Zambian subsidiary, Maamba Energy Limited, has received an extension to its exploration license in the Kalomo/Sinazongwe District, increasing the area from 4,358.8 to 7,566.2614 hectares. The expanded license allows exploration for lithium, amethyst, aquamarine, and tantalum over the next three years. This expansion is part of Nava Limited's global mineral exploration strategy, which includes projects in Zambia and Côte d'Ivoire focusing on various minerals such as magnetite, lithium, and manganese ore.
19Feb 25
Nava Ltd Announces ₹360 Crore Share Buyback at ₹500 Per Share
Nava Ltd's Board has approved a share buyback of up to 72,00,000 equity shares at ₹500 per share, totaling ₹360 crores. The buyback represents 2.48% of the company's total equity shares and will be conducted through a tender offer route. The record date is set for February 28, 2025. Promoters will not participate in the buyback, potentially allowing greater public shareholder participation. This move is seen as a sign of the company's strong financial position and commitment to shareholder value.