NAVA LIMITED — Dividend/Bonus, 27-03-2025: Closure of Buy Back

Nava Limited has announced a board meeting regarding the extinguishment of 72,00,000 fully paid-up equity shares following a successful buyback through a tender offer. The buyback was substantially oversubscribed, receiving bids approximately 2.57 times the shares proposed. Post-buyback, the paid-up capital will decrease to ₹28,30,01,276, reflecting a reduction in outstanding shares and an increase in promoter shareholding percentage to 50.13%.

This strategic move may enhance shareholder value by improving earnings per share and could lead to positive investor sentiment as the company reduces its equity, reinforcing a commitment to optimizing capital structure and returns.