Nova Iron & Steel Ltd — Important, 24-07-2026: Company Update

Nova Iron and Steel's promoter group has announced an internal restructuring of shareholdings. Olympian Finvest acquired approximately 45.74 lakh equity shares, while Aromatic Steel acquired about 33.31 lakh equity shares from other promoter group entities. These off-market transfers occurred at Rs. 11 per share. This reorganization shifts individual ownership within the promoter group, but their combined holding in the company remains stable at 44.16%. This highlights internal adjustments among key stakeholders without altering overall promoter control.