Nova Iron & Steel Ltd — Important, 17-07-2026: Company Update

Nova Iron and Steel Limited announced an inter-se transfer of shares between two entities within its promoter group. Aromatic Steel Private Limited acquired 33.31 lakh equity shares for ₹3.66 Crore, increasing its total holding from 9.46% to 18.67%. Concurrently, Nilanchal Investments Private Limited sold its entire stake of 33.31 lakh equity shares for the same value, resulting in its holding becoming nil. This transaction represents an internal reshuffling, consolidating a significant portion of shares under Aromatic Steel within the promoter group.