Nava Bharat Ventures Limited informed that, Dr. D. Nageswara Rao, non-executive and independent director of the Company, who has been re-appointed by the shareholders through special resolution at their annual general meeting held on August 8, 2019 for a further term of two (2) years, has retired from the office of directorship on August 7, 2021 (end of the day) upon completion of his present term.