Nova Iron & Steel Ltd — Updates, 22-07-2025: Company Update

Nova Iron & Steel has received a request from Ambey Steel & Power Private Limited, currently part of its Promoter Group, to reclassify its status to the 'Public' category. Ambey Steel & Power, which currently holds 0% of the company's shares, confirmed it has no management control, special rights, or significant voting rights. This reclassification, if approved, would adjust the official ownership structure, potentially affecting the public shareholding percentage. The company's board will now review and consider this request.