Nova Iron & Steel Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Aromatic Steel Private Limited, a member of Nova Iron & Steel Limited's promoter group, is set to acquire 3,331,000 equity shares, representing 9.22% of the company, from Nilanchal Investments Private Limited, another promoter group entity. This off-market transfer, priced at Rs. 11 per share, is part of a promoter group restructuring. Following this acquisition, Aromatic Steel's stake in Nova Iron & Steel will increase from 9.46% to 18.67%, boosting the total promoter group shareholding from 34.94% to 44.16%. This consolidation strengthens promoter control.