BSEInsider Trading / SAST22 Jun 2026 · 22 Jun 2026, 01:10 pm
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
Nova Iron & Steel Ltd · 513566
✦ AI SummaryPromoter Reclassif.
Aromatic Steel Private Limited, a promoter group entity of Nova Iron & Steel Ltd, is acquiring 33,31,000 equity shares (9.22% of share capital) from Nilanchal Investments Private Limited, another promoter group entity. This off-market transaction at Rs. 11 per share is an inter-se transfer for promoter group restructuring and is exempt from an open offer under SEBI (SAST) Regulations. Post-acquisition, the total shareholding of the acquirer and its PACs within the promoter group will increase from 34.94% to 44.16%.
Analysis Scores
Earnings Impact5/10
Growth Catalyst5/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Nova Iron & Steel Ltd - 513566 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
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AROMATIC STEEL PRIVATE LIMITED
Registered Office: 78, Industrial Area Phase-1 Chandigarh
(CIN : U27100CH2005PTC028120), Email : offlinefiling21@gmail.com, Ph : 0172-4014347
Through E-mail
Dated: 20/06/2026
The Manager
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai 400 001
Email Id: corp.relations@bseindia.com
Name of the Target Company – Nova Iron and Steel Limited
Script Code No. – 513566
Subject: Disclosure under Regulation 10(5)-Intimation in respect of acquisition of shares
under Regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011
Sir,
We are enclosing disclosure in accordance with Regulation 10(5) in respect of acquisition of equity
shares under Regulation 10(1)(a)(iv) of SEBI (Substantial Acquisition of Shares and Takeover)
Regulations, 2011.
In case any other information is required please do let us know.
Thank You,
Yours Faithfully
For Aromatic Steel Private Limited
Abhikush
(Director)
Encl.: a/a
CC: M/s Nova Iron & Steel Limited
R.O. Village- Dagori Tehsil- Belha, Bilaspur, Chattisgarh- 495224
Email Id: rai_nisl2007@yahoo.com
AROMATIC STEEL PRIVATE LIMITED
Registered Office: 78, Industrial Area Phase-1 Chandigarh
(CIN : U27100CH2005PTC028120), Email : offlinefiling21@gmail.com, Ph : 0172-4014347
Disclosures under Regulation 10(5) – Intimation to Stock Exchanges in respect of acquisition
under Regulation 10(1)(a)(iv) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
1. Name of the Target Company (TC) M/s. Nova Iron & Steel Limited
2. Name of the acquirer(s) M/s. Aromatic Steel Private Limited
3. Whether the acquirer(s) is/are Yes, the acquirer is the member of promoter group
promoters of the TC prior to the of the target company.
transaction. If not, nature of
relationship or association with the TC
or its promoters
4. Details of the proposed acquisition
a. Name of the person(s) from whom M/s. Nilanchal Investments Private Limited
shares are to be acquired (earlier known as RGF Real Estates Private
Limited)
b. Proposed date of acquisition On or after 26/06/2026
c. Number of shares to be acquired 33,31,000 Equity Shares
from person mentioned in 4(a)
above
d. Total shares to be acquired as % of 33,31,000 Equity Shares
share capital of TC (9.22% of share capital of TC)
e. Price at which shares are proposed Rs. 11/- per share - off market
to be acquired
f. Rationale, if any, for the proposed Restructuring among Members of Promoter Group
transfer
5. Relevant sub-clause of regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011
10(1)(a) under which the acquirer is
exempted from making open offer
6. If, frequently traded, volume weighted Not Applicable
average market price for a period of 60
trading days preceding the date of
issuance of this notice as traded on the
stock exchange where the maximum
volume of trading in the shares of the
TC are recorded during such period
7. If in-frequently traded, the price as Rs. 10.40/- per share
determined in terms of clause (e) of
sub-regulation (2) of regulation 8
8. Declaration by the acquirer, that the As per Annexure enclosed
acquisition price would not be higher
by more than 25% of the price
computed in point 6 or point 7 as
applicable
9. Declaration by the acquirer, that the As per Annexure enclosed
transferor and transferee have complied
/ will comply with applicable disclosure
AROMATIC STEEL PRIVATE LIMITED
Registered Office: 78, Industrial Area Phase-1 Chandigarh
(CIN : U27100CH2005PTC028120), Email : offlinefiling21@gmail.com, Ph : 0172-4014347
requirements in Chapter V of the
Takeover Regulations, 2011
(corresponding provisions of the
repealed Takeover Regulations 1997)
10. Declaration by the acquirer that all the As per Annexure enclosed
conditions specified under regulation
10(1)(a) with respect to exemptions
have been duly complied with
11 Shareholding detail Before the proposed After the proposed
transaction transaction
No. of % w.r.t. No. of % w.r.t.
Shares/ total shares/ total share
voting share voting capital of
rights capital of rights TC
a. Acquirer(s) and PACs (other than sellers)
o Acquirers
Aromatic Steel Private Limited 34,18,000 9.46% 67,49,000 18.67%
o PACs
Aniket Singal 0 0% 0 0%
Radhika Saurabh Dhoot 0 0% 0 0%
Priyanka Ankit Miglani 0 0% 0 0%
Sanjay Singal 10,000 0.03% 10,000 0.03%
Titanic Steel Industries Private Limited 22,39,585 6.20% 22,39,585 6.20%
Vintage Steel Private Limited 22,93,415 6.35% 22,93,415 6.35%
Olympian Finvest Private Limited 94,000 0.26% 94,000 0.26%
Reward Capital Services Pvt. Ltd. 42,91,675 11.88% 42,91,675 11.88%
M/s. Aarti Iron & Power Private 94,000 0.26% 94,000 0.26%
Limited
Rockland Steel Trading Private Limited 94,000 0.26% 94,000 0.26%
Shivalikview Steel Trading Pvt. Ltd. 94,000 0.26% 94,000 0.26%
Total (a) 1,26,28,675 34.94% 1,59,59,675 44.16%
b. Seller (s)
Nilanchal Investments Private Limited 33,31,000 9.22% 0 0%
(earlier known as RGF Real Estates
Private Limited)
Total (b) 33,31,000 9.22% 0 0%
For Aromatic Steel Private Limited
Abhikush
(Director)
Place: Chandigarh
Dated: 20/06/2026
AROMATIC STEEL PRIVATE LIMITED
Registered Office: 78, Industrial Area Phase-1 Chandigarh
(CIN : U27100CH2005PTC028120), Email : offlinefiling21@gmail.com, Ph : 0172-4014347
Dated: 20/06/2026
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Streel
Mumbai 400001
Name of the Target Company – Nova Iron & Steel Limited
Script Code No. – 513566
Declaration required under point Nos. 8, 9 and 10 of the Disclosures under Regulation 10(5) of
SEBI (SAST) Regulations, 2011
We hereby declare and confirm in respect of the proposed inter-se transfer of 33,31,000 equity
shares amongst the Promoter and members of Promoter Group that:
1. That the acquisition price would not be higher by more than 25% of the price computed
under relevant rules.
2. That the transferor has complied with applicable disclosure requirements in Chapter V of the
Takeover Regulations, 2011 and the transferees will comply with the applicable disclosure
requirements under Chapter V of the Takeover Regulations, 2011.
3. That all the conditions specified under Regulation 10(1)(a) with respect to exemptions have
been duly complied with.
For Aromatic Steel Private Limited
Abhikush
(Director)