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The Bengaluru-based non-banking financial company's net profit fell 46% to Rs 93.32 crore in FY26 from Rs 172.27 crore in the previous year.
In September 2022, the company secured Sebi approval for a Rs 3350-crore ($440 million) public offering. However, the plan was shelved then.
The company has appointed Rajiv Naresh as the CEO of Navi Technologies Limited and Abhishek Dwivedi as the CEO of Navi Finserv Limited.
In October, the banking regulator had barred four NBFCs to "cease and desist" from sanction and disbursal of loans.
This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.
