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Reward Capital Service Pvt Ltd, a promoter, sold 42,91,675 shares in Nova Iron & Steel Ltd. The off-market inter-se transfer reduced its stake from 11.88% to 0%.
Olympian Finvest, a promoter entity, acquired 42.92 lakh shares in Nova Iron & Steel via off-market transfer. This increased its stake from 0.26% to 12.14%.
Nova Iron & Steel received a Provisional Attachment Order from the ED, New Delhi. The company is currently evaluating the order for legal recourse.
Promoter groups Vintage Steel and Titanic Steel acquired 32.38 million shares of Nova Iron & Steel at Rs 11 each. The transaction values approximately ₹35.62 Crore.
Nova Iron & Steel received reclassification requests from three promoters holding nil shares. The board will consider their reclassification from promoter to public category.
Promoter group entities acquired 32,73,600 shares off-market for ₹3.60 Crore, increasing their stake to 12.55%. This signals promoter confidence in Nova Iron & Steel.
Ms. Kusum Naruka resigned as Independent Director from Nova Iron and Steel Limited effective June 3, 2026. Her departure follows professional commitments with no other material reasons.
Nova Iron & Steel promoter Aniket Singal sold 32,73,600 shares via an off-market transaction valued at ₹3.60 Crore. The sale reduces his personal equity holding.
Promoter Aniket Singal transferred 32,73,600 shares of Nova Iron & Steel Limited via an off-market inter-se transfer. This internal group restructuring leaves his post-transaction holding at Nil.
Nova Iron & Steel promoters completed an internal transfer of 32,73,600 shares valued at ₹3.60 Crore. This inter-se restructuring maintains aggregate promoter-group shareholding.
Nova Iron & Steel Ltd has announced a delay in submitting its Audited Financial Results for FY26. The delay is attributed to ongoing audit processes and previous reporting lags.
Nova Iron and Steel Limited's board approved shifting its registered office within local limits. The board also addressed delays in submitting audited financial results for FY2026.
Nova Iron & Steel Ltd promoters plan an internal inter-se transfer of 32,83,600 equity shares at ₹11 each. Totaling ₹3.61 Crore, this restructuring consolidates promoter group holdings.
Nova Iron & Steel Ltd has applied to BSE for the reclassification of three promoters (Aniket Singal, Priyanka Ankit Miglani, and Radhika Saurabh Dhoot) to the public category. The group collectively holds 32,83,600 shares, representing 9.09% of the paid-up capital. This move follows compliance with SEBI Listing Regulations.
Nova Iron & Steel Ltd's Board approved the reclassification of Mr. Aniket Singal and two others from 'Promoter' to 'Public' category. The outgoing group collectively holds a 9.09% stake (32,83,600 shares). The reclassification remains subject to shareholder and stock exchange approvals.
Nova Iron & Steel Ltd reported a net loss of ₹11.8 Cr for Q3 FY26.