StockWatch
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Iron & Steel Products
Insider Trading17 Jul 2026, 05:11 pm

Nova Iron & Steel: Promoter Group Disclosure of Shareholding Change

AI Summary

Nova Iron & Steel Ltd has filed a disclosure regarding a change in shareholding by its promoter group members, M/s Aromatic Steel Private Limited and M/s Nilanchal Investments Private Limited. Aromatic Steel Private Limited transferred 87,000 equity shares, reducing its holding from 34,18,000 shares (9.46%) to 33,31,000 shares (9.19%). The transaction, valued at ₹3,66,41,000, was an inter-se transfer executed on July 15, 2026, and intimated to the company on July 17, 2026. This disclosure is made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Key Highlights

  • Promoter group member Aromatic Steel Private Limited disclosed shareholding change.
  • 87,000 equity shares were transferred via inter-se transfer.
  • Transaction value reported at ₹3,66,41,000.
  • Disclosure complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.