NAVA Limited Board Approves Re-appointments and Directorship Changes

NAVA Limited Board Approves Re-appointments and Directorship Changes​

NAVA Limited announced that its Board of Directors, in a meeting held on May 15, 2026, noted and approved several appointments and re-appointments of key personnel, strengthening its board composition.

The Board formalized the extension of directorships for three individuals: Mr. Trivikrama Prasad Pinnamaneni, Mr. GRK Prasad, and Mr. Mwelwa Chibesakunda.

Key Directorship Appointments​

The company confirmed the following directorship changes:

• Mr. Trivikrama Prasad Pinnamaneni was approved for the continuation of his tenure as a Non-Executive Director for a period of five years, effective May 15, 2026.
• Mr. GRK Prasad was re-appointed as a Whole-time director and designated as an Executive Director for two years, beginning June 28, 2026.
• Mr. Mwelwa Chibesakunda was re-appointed as an Independent Director for a further period of five years, effective November 14, 2026.

Director Profiles and Tenure Details​

The board meeting provided details regarding the tenure and professional backgrounds of the directors.

Mr. Trivikrama Prasad Pinnamaneni (Non-Executive Director)
Mr. Pinnamaneni is set to serve from May 15, 2026, to May 14, 2031. He brings over four decades of expertise in financial management and corporate planning. Having served as Managing Director for over four decades, Mr. Prasad continues his association with Nava Limited as a Non-Independent Director post-retirement. He holds an MBA from the U.S.

Mr. GRK Prasad (Whole-time/Executive Director)
Mr. GRK Prasad has been associated with Nava Limited since 1995. He oversees corporate strategy, risk management, internal controls, and financial processes. With over four decades of experience, he is versed in finance, accounting, corporate strategy and management, including project financing and M&A management. His professional qualifications include being a fellow member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. His two-year term runs from June 28, 2026, to June 27, 2028.

Mr. Mwelwa Chibesakunda (Independent Director)
Mr. Chibesakunda, a Zambian national, has a distinguished legal career spanning over three decades. He holds an LLM (Master of Law Degree in International Commercial Law) from the University of Bristol (1996) and a Bachelors of Laws Degree from the University of Zambia (1990). He is currently the Managing Partner of Chibesakunda & Company, a DLA Piper Africa associated firm that he founded in 2006. His five-year term is scheduled from November 14, 2026, to November 13, 2031.

The appointment details are summarized below:

NAVA Stock Price Movement​

Shares of NAVA LIMITED today shed 10.03% of its value, settling at ₹633 in late trading. The equity saw significant investor activity, with total volume registering 2.41 million shares.