Board Approves Key Director Re-appointments and Continuation of Directorship at Nava Limited

Board Approves Key Director Re-appointments and Continuation of Directorship at Nava Limited​

On May 15, 2026, the Board of Directors of NAVA Limited approved the continuation and re-appointment of three key individuals to various directorial roles, effective on staggered dates.

The Board’s decisions included the continuation of Mr. Trivikrama Prasad Pinnamaneni as a Non-Executive Director, the re-appointment of Mr. GRK Prasad as a Whole-time and Executive Director, and the re-appointment of Mr. Mwelwa Chibesakunda as an Independent Director.

Key Director Updates and Appointments​

The Board decisions detail the following appointments and extensions:

Trivikrama Prasad Pinnamaneni (Non-Executive Director)
Mr. Trivikrama Prasad Pinnamaneni (DIN: 00006887) was approved for the continuation of his directorship as a Non-Executive Director.

• Effective Date and Term: May 15, 2026, for a period of 5 Years (ending May 14, 2031).
• Profile: Mr. Pinnamaneni brings over four decades of expertise in financial management and corporate planning, having previously served as Managing Director. He holds an MBA from the U.S. and continues his association with Nava Limited as a Non-Independent Director post-retirement.
• Relationship: Except for the Chairman and Mr. D. Ashok, no other director is related to Mr. Pinnamaneni.

GRK Prasad (Whole-time/Executive Director)
Mr. GRK Prasad (DIN: 00007540) was re-appointed as a Whole-time Director, designated as the Executive Director.

• Effective Date and Term: June 28, 2026, for a period of 2 Years (ending June 27, 2028).
• Profile: Mr. G R K Prasad has been with Nava Limited since 1995. He oversees corporate strategy, internal controls, risk management, and financial processes. He possesses over four decades of experience in finance, accounting, and corporate strategy, and is a fellow member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.
• Relationship: There are no related directors on the Board of Nava to Mr. GRK Prasad.

Mwelwa Chibesakunda (Independent Director)
Mr. Mwelwa Chibesakunda (DIN: 10805023) was re-appointed as an Independent Director.

• Effective Date and Term: November 14, 2026, for a period of 5 Years (ending November 13, 2031).
• Profile: Mr. Mwelwa, a Zambian national, is a lawyer and advocate of the High Court and Supreme Court of Zambia. He holds an LLM (Masters of Law Degree in International Commercial Law from the University of Bristol, 1996) and has over three decades of law practice experience in Zambia. He is currently the Managing Partner of Chibesakunda & Company, a DLA Piper Africa associated firm founded in 2006.
• Relationship: No director on the Board of Nava is related to Mr. Mwelwa Chibesakunda.

NAVA Stock Price Movement​

As of 2:45 PM, shares of NAVA LIMITED are slipping by 8.63% in live trading, currently trading at ₹642.85. The stock has shed ₹60.75 against an actively traded volume of 1.74 million shares.