Promoter Reclassification11 Nov 2026, 04:11 pm
Nova Iron & Steel: Promoter Group Seeks Reclassification to Public
AI Summary
Nova Iron & Steel Ltd has received a request from entities within its promoter group, currently holding 0% of the total shareholding, to be reclassified as 'Public' shareholders. This request is made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The entities, including Shivalikview Steel Trading Pvt. Ltd. and Aarti Iron & Power Limited, have confirmed they do not hold significant voting rights, exercise control, or have special arrangements with the company. The Board of Directors will consider this reclassification request.
Key Highlights
- Promoter group entities holding 0% seek reclassification to 'Public'.
- Request made under SEBI Regulation 31A.
- Entities confirm no control or significant voting rights.
- Board of Directors to consider the reclassification request.
Price Impact
More from NOVIS