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)