NOVA IRON & STEEL LTD.

Nova Iron & Steel Ltd has announced a delay in the submission of its Audited Financial Results for the quarter and financial year ended March 31, 2026. This delay is also impacting the finalization and submission of the Unaudited Financial Results for the quarter ended June 30, 2026, which was due by August 14, 2026. The company cites the ongoing finalization of financial information and accounts as the reason for the consequential delay. Nova Iron & Steel is working to complete the pending processes and submit both sets of results as soon as possible, expressing regret for the inconvenience.

Nova Iron & Steel Ltd announced the appointment of Mrs. Palak Jindal as an Additional Director in the category of Non-Executive Independent Director. The appointment was approved by the Board of Directors on August 8, 2026, and is effective from the same date, subject to shareholder approval. Mrs. Jindal holds a Bachelor of Commerce degree and possesses expertise in corporate governance and financial management. She is not related to any existing directors. Her appointment is for a term of five years.

Nova Iron & Steel Ltd announced the appointment of Mrs. Palak Jindal as an Additional Director (Non-Executive Independent Director - Woman) effective August 8, 2026. The Board also acknowledged a delay in submitting the audited financial results for the quarter and year ended March 31, 2026. The delay is attributed to the impact of previous delays in submitting interim financial results. The company is finalizing statements and completing the statutory audit, aiming to submit the audited results as soon as possible. The Board meeting was held on August 8, 2026.

Nova Iron & Steel Ltd has announced receiving another provisional attachment order dated August 7, 2026, from the Directorate of Enforcement, New Delhi. This order, identified as Provisional Attachment Order No. 21/2026, is related to an ongoing investigation (ECIR/DLZO-I/02/2019) stemming from a CBI FIR concerning alleged financial irregularities and money laundering. The company is currently reviewing the order and will take appropriate legal steps to contest it. Nova Iron & Steel believes the order will not materially impact its day-to-day operations.

Nova Iron & Steel Ltd has received disclosures from promoter group members, Olympian Finvest Private Limited and Aromatic Steel Private Limited, regarding the acquisition of equity shares. The disclosures, made under Regulation 10(7) of SEBI (SAST) Regulations, 2011, pertain to an acquisition that would have triggered Regulation 3(2) if not for the exemption under Regulation 10(1)(a)(iv). Olympian Finvest Private Limited's shareholding increased significantly from 0.26% to 12.92% post-acquisition. The company has complied with all necessary filing requirements with SEBI and the stock exchange.

Aromatic Steel Private Limited has acquired 33,31,000 equity shares, representing 9.22% of the total capital, in Nova Iron & Steel Limited from Nilanchal Investments Private Limited. The transaction, priced at ₹11 per share, was conducted for the purpose of restructuring among promoters and the promoter group. This acquisition is made under an exemption provided in Regulation 10(1)(a)(iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, thus exempting Aromatic Steel from making an open offer. Following the transaction, Aromatic Steel's shareholding in Nova Iron & Steel increased from 9.46% to 18.67%.

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.

Nilanchal Investments Private Limited has disclosed the disposal of its entire shareholding of 33,31,000 equity shares, representing 9.22% of the total share capital, in Nova Iron & Steel Limited. The transaction was conducted off-market via inter-se transfer on July 15, 2026. Following this sale, Nilanchal Investments no longer holds any shares or voting rights in Nova Iron & Steel Limited. The total equity share capital of Nova Iron & Steel Limited remained unchanged at 3,61,39,488 shares before and after the transaction.

Aromatic Steel Private Limited has disclosed its acquisition of 3,331,000 equity shares in Nova Iron & Steel Limited on July 15, 2026. This acquisition, conducted off-market through an inter-se transfer, represents 9.22% of the total share capital. Following this transaction, Aromatic Steel's total holding in Nova Iron & Steel increases to 6,749,000 shares, constituting 18.67% of the company's total voting capital. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Olympian Finvest Private Limited has acquired 94,000 equity shares of Nova Iron & Steel Limited, representing 0.26% of the company's diluted share capital. The transaction, priced at ₹11 per share, was made pursuant to an exemption under Regulation 10(1)(a)(iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The rationale for the acquisition is stated as restructuring among Promoters and Promoter Group. Following the transaction, Olympian Finvest's shareholding in Nova Iron & Steel increased from 12.66% to 12.92%. Aarti Iron & Power Private Limited was the seller in this transaction.