Nova Iron & Steel Ltd — Important, 02-07-2026: Company Update

Nova Iron and Steel Limited reported a change in shareholding within its promoter group. Olympian Finvest Private Limited purchased 42,91,675 equity shares for ₹4.72 Cr via an off-market transaction, increasing its stake from 0.26% to 12.14%. Concurrently, Reward Capital Service Private Limited, also a promoter group member, sold an identical number of 42,91,675 equity shares for ₹4.72 Cr, reducing its holding from 11.88% to zero. This signifies an internal restructuring of shareholdings among the promoter entities.