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NAVA LIMITED NAVA /SECTL /117/2026-27 July 20, 2026 Listing Department Dept. of Corp. Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block Dalal Street Bandra Kurla Complex, Bandra (E) MUMBAI – 400 001 MUMBAI – 400 051 NSE Symbol: ‘NAVA’ Scrip Code: ‘513023’ / ‘NAVA Dear Sir, Sub: Submission of Annual Report along with notice of the 54th Annual General Meeting (AGM) of the Company for FY 2025-26. ***** Pursuant to regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copy of annual report of the Company for FY 2025-26, along with the Notice convening the 54th Annual General Meeting (AGM) scheduled to be held on Friday, August 14, 2026, at 10:00 a.m. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The Annual Report for FY 2025-26 is made available on Company’s website at: https://www.navalimited.com/investors/financials/annual-reports/ Kindly take the same on record and acknowledge the receipt. Thanking you, Yours faithfully, for NAVA LIMITED VSN Raju Company Secretary & Vice President Encl: as above Regd. Off.: Nava Bharat Chambers, 6-3-1109/1, 3rd Floor, Raj Bhavan Road, Somajiguda, Hyderabad - 500 082, Telangana, India. CIN: L27101TG1972PLC001549 T +91 40 40345999, +91 40 23403501 E nava@navalimited.com; investorservices@navalimited.com W www.navalimited.com ISO 9001 | ISO 14001 | ISO 45001 | ISO 50001 Diverse Businesses. Unified Vision. Annual Report 2025-26 Diverse Businesses. Unified Vision ANNUAL REPORT 2025-26 1 Contents Corporate Information 04 The Map that Grew 24 Message from the MD & CEO 26 Message from the Executive Director 28 Building Today Delivering Tomorrow 30 Excellence Recognised 34 Corporate Social Responsibility 37 Directors’ Report 60 Management Discussion and Analysis 95 Report on Corporate Governance 115 Standalone Financial Statements 133 Consolidated Financial Statements 201 Notice 285 Corporate Information BOARD OF DIRECTORS Directors Mr D Ashok – Non-Executive Chairman Mr P Trivikrama Prasad – Non-Executive Director Mr Ashwin Devineni – Managing Director & CEO Mr GRK Prasad – Executive Director Mr Nikhil Devineni – Executive Director Independent Directors Mr K Durga Prasad Mr GP Kundargi Dr A Indra Kumar CA (Mrs) B Shanti Sree Mr Mwelwa Chibesakunda BOARD COMMITTEES Audit Mr K Durga Prasad (Chairman of the Committee) Dr A Indra Kumar CA (Mrs) B Shanti Sree Nomination and Remuneration Mr K Durga Prasad (Chairman of the Committee) Dr A Indra Kumar Mr GP Kundargi Corporate Social Responsibility Mr D Ashok (Chairman of the Committee) Mr K Durga Prasad CA (Mrs) B Shanti Sree 4 OVERVIEW STATUTORY REPORT FINANCIAL STATEMENTS NOTICE Stakeholders Relationship CORPORATE OFFICE Mr K Durga Prasad Silicon House (Chairman of the Committee) 8-3-318/1, Plot 78 Mr P Trivikrama Prasad Road 14, Banjara Hills Mr GP Kundargi Hyderabad - 500 034, Telangana, India. Risk Management REGISTERED OFFICE Mr Ashwin Devineni 6-3-1109/1, (Chairman of the Committee) ‘Nava Bharat Chambers’ Mr GRK Prasad Raj Bhavan Road Mr Nikhil Devineni Hyderabad - 500 082 CA (Mrs) B Shanti Sree Telangana, India Chief Financial Officer BUSINESS UNITS Mr Srinivasa Rao Battula Telangana Operations Ferro Alloy & Power Plants Company Secretary Paloncha - 507 154 Mr VSN Raju Bhadradri Kothagudem District, Telangana Statutory Auditors Odisha Operations M/s Walker Chandiok & Co LLP Ferro Alloy & Power Plants Chartered Accountants, Kharagprasad Village - 759 121 Hyderabad Dhenkanal District, Odisha Cost Auditors BANKERS M/s. Sagar & Associates Cost Accountants, State Bank of India Hyderabad Union Bank of India Bank of India Internal Auditors ICICI Bank Limited M/s K S Rao & Co Chartered Accountants, REGISTRARS & SHARE TRANSFER AGENTS Hyderabad KFin Technologies Limited Selenium Tower B, Plot 31-32 Secretarial Auditors Financial District, Nanakramguda, M/s P S Rao & Associates Serilingampally Mandal Company Secretaries, Hyderabad - 500032, Telangana, India Hyderabad Diverse Businesses. Unified Vision ANNUAL REPORT 2025-26 5 In landscapes reimagined through sunlight and sustainable resources. In the glow of molten metal. In the movement of energy. In fertile ground preparing for seasons yet to come. In ideas that evolve into new possibilities for health, industry and communities. Different geographies. Different industries. One shared intent – purposeful growth, responsible stewardship, and the transformation of opportunity into lasting impact. ANNUAL REPORT 2025-26 7 ...Five businesses ...Five decades ...Two continents and a single unbroken thread of intent. More than five decades ago, the founders of this Company set in motion something whose full dimensions only time could reveal. They had the vision to begin. The enterprise had the ambition to outgrow it. Today, that vision has evolved into a diversified organisation of significant scale and impact. From powering a nation through coal operations in Zambia to pioneering commercial avocado cultivation on the African plateau, NAVA has consistently created value across borders and sectors. With consolidated revenues surpassing `4,290 crore and a continued trajectory of expansion, NAVA remains committed to sustainable growth and long-term value creation. That genuine value is often found precisely where others refuse to go. That patience is not the absence of ambition – it is its highest, most disciplined expression. That an institution built to last is worth the time it takes to build. Look closely at the geography of our execution. A single ferroalloy furnace in Telangana has evolved into a 300-megawatt power plant in Zambia’s Southern Province. A captive power unit in Odisha pulses alongside a crucial five-year bilateral agreement lighting up homes. Wild, untouched African bushland has transformed into the quiet triumph of a first commercial harvest. From a single market to long- term export relationships in Japan and enduring partnerships with India’s leading steel producers. 8 OVERVIEW STATUTORY REPORT FINANCIAL STATEMENTS NOTICE At first glance, these businesses may appear distinct from one another. Yet beneath them lies a common strategic thread – the ability to identify long-term opportunities early, build patiently through cycles, and create enterprises capable of generating sustainable value over time. Guided by disciplined capital allocation, operational resilience, prudent risk management, and the conviction that long-gestation investments, tended with care, to become the most enduring sources of value. • Metals • Energy • Mining • Agri Business • Emerging Businesses ...Distinct industries ...One underlying philosophy. Unified Vision. Thriving across a diverse world. Diverse Businesses. Unified Vision ANNUAL REPORT 2025-26 9 Across a multi-continental platform, operational discipline translated into resilient, tangible performance. CONSOLIDATED PERFORMANCE REVENUES TOTAL RESERVES COMPREHENSIVE INCOME `4,29,092 `1,87,274 `7,58,293 LAKHS LAKHS LAKHS $456.14* $200.33* $806.09* MILLION MILLION MILLION 8% 17% 10% GROWTH GROWTH GROWTH STANDALONE PERFORMANCE REVENUES PAT EPS (`) (AFTER EXCEPTION ITEMS) `32.19 `14.54 `1,92,473 `91,093 FY 25 FY 26 LAKHS LAKHS 19.4% 116.0% 121.4% GROWTH GROWTH GAIN IN A SINGLE YEAR *Dollar rate as on 31st March, 2026 10 OVERVIEW STATUTORY REPORT FINANCIAL STATEMENTS NOTICE CREATING VALUE FOR SHAREHOLDERS TOTAL FY26 DIVIDENDS TOTAL INTERIM 8.50 FINAL DIVIDEND ` DIVIDEND `3.00 PER SHARE `5.50 PER SHARE PER SHARE FY 2025-26 was a year of arrival. These numbers did not arrive important: this was not a weakening of the underlying business, by accident. but a known tax transition and accounting-led movement in a profitable, long-duration asset. Maamba Energy Limited power They arrived because plant, maintained plant availability of 90%, selling 2,115 million Indian power demand units to the n [Showing first 8,000 characters — download PDF for full document]