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    <title>Sustaining Operational Excellence and Financial Strength, Nava Advances on Strategic Growth Projects</title>
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    <description>Profits of the power division are now taxed at a concessional rate from Q1 FY26, raising the consolidated average tax rate and affecting PAT. Approvals were obtained to segregate two captive plants into IPPs for operationalisation, Nava Global will hold a majority stake in MSEL under a JV with the local partner, and an intermediate holding company for commercial agriculture will be amalgamated into Nava Global, centralising overseas investments and changing the group&#039;s holding structure.</description>
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