The board of directors of Nava Bharat Ventures Limited meeting held on 29 May 2019, recommended a final dividend of INR 1.5 per equity share subject to the approval of shareholders.

The board also approved the appointment of Mr. Ashwin Devineni as CEO of the company with effect from May 29, 2019, based on the recommendation of the Nomination and Remuneration Committee and prior approval of the Audit Committee and subject to shareholders' and other requisite approvals.