With reference to the captioned subject and persuant to Regulation 30 and 33 read with Schedule III of the SEBI(Listing Obligations and Disclosure Requirements) Regulations,2015, we wish to inform you that the Board of Directors of the company,at its meeting held on 09th September,2026,approved the Audited Financial Results of the company for the quarter and year ended 31st March,2026.

CIN : LO2710CT1989PL.C010052 GST : 22AAACNO407F1ZA IN Pes OVA IRON & STEEL LTD. Regd. Office : Bilha Read, Dagori, Tahsil ~ Bilha, Distt. — Bilaspur, 495224 (C.G.) Mob. 9109107310 Email : novaironsteel@gmail.com ONLINE PORTAL Ref. No.: NISL/SE/2026-27 Dated: 09/09/2026 The Secretary, Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai - 400001 Subject — Submission of Audited Financial Results for the Quarter and Year Ended 31st March, 2026 Dear Sir/ Ma’am, With reference to the captioned subject and pursuant to Regulations 30 and 33 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held on 09th September, 2026, approved the Audited Financial Results of the Company for the quarter and year ended 31st March, 2026. Please find enclosed herewith the Audited Financial Results for the quarter and year ended 31st March, 2026, along with the Auditor’s Report and Statement on Impact of Audit Qualifications. Kindly take note of the above and also update your website for the information of our shareholders and investors. Thank you, Yours faithfully, For Nova Iron and Steel Limited (Dheeraj Kumar) Company Secretary Encl: a/a MNRS & Associates Chartered Accountants Independent Auditor's Report on Quarterly Audited Standalone Financial Results and year to date results of the Company, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,20l5. The Board of Directors Nova lron and Steel Limited Report on the audit of the Standalone Ind AS Financial Results Qualified Opinion We have audited the accompanying quarterly standalone Ind AS Financial results of Nova Iron and Steel Limited ("the company") for the quarter ended March 31, 2026 andfor the year ended March 3l,2\26,attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). In our opinion and to the best ofour information and according to the explanations given to us, except for the effects / possible effects of the matter described in the Basis of Qualified Opinion, the statement: are presented in accordance with the requirements of the Listing Regulations in this regard; and give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India ofthe net profit and other comprehensive income and other financial information for the quarter ended March 31, 2026 and for the year ended March 31,2026. Basis for Qualified Opinion a) Referring to note no. 03 of the accompanying standalone financial results, the company has disposed-off charged assets in favour of Shree Balaji Steel and Metal Private Limited ('lender'). The disposal has been made on account of enforcement of charge by the lender due to company's inability to repay its debt. The required approvals have been obtained in Annual General Meeting held on September 17,2025 which is not in terms of applicable regulation of SEBI (LODR) Regulations, 2015. In the absence of compliances with applicable regulation, we are unable to comment on the possible consequence of the same. b) The Company has not facilitated us with direct balance confirmations from outstanding trade receivables of Rs.332.28 lakhs, trade payables ofRs. 1E5.54 lakhs, security deposits ofRs. 171.95 lakhs, advances from customers of Rs. 98.00 lakhs and advances to suppliers of Rs. 885.68 lakhs (including capital advances of Rs. I 67.86 lakhs) as a result of which reconciliation process and consequential adjustrnents (if any) has not been carried out. Accordingly, we are unable to comment on the carrying value of such items in the financial results and their possible effects on the financial position of the company. Further, with regards to the security deposits of the company, the company in the absence of su{ficient information, were not able to comply with the requirements of Ind AS 109 in measuring such deposits at amortised cost. Accordingly, we cannot comment on the carrying amount of these balances and their consequential impact on financial position of the company in the absence of sufficient information. c) Refening to the unsecured borrowings of the company from other parties aggregating to Rs. 6,038.40 lakhs outstanding as at March 31,2026 in respect of which confirmations from the respective lenders have not been facilitated. Further, due to non-availability of loan agreements and other audit evidence, we cannot comment on the adjusfinents, if any, that may be required to carrying value of the aforesaid balances in the standalone financial results along with impact on finance costs, classification into current and non-current borrowings, secured and unsecured borrowings and related disclosures as required under Schedule - III to the Companies Act,2013 and applicable IndAS. F I-358, First Floor, Central Market, Lajpat Nagar-2, New Delhi-l10024 info@mnrsindia.com, +91- 1 1-46502975 d) Refening to the investments held by the company aggregating to Rs. 308.66 lakhs as at balance sheet date, the company has not determined fair value of such investments at balance sheet date in accordance with applicable financial reporting framework resulting in non-compliance of Ind AS 109. The Company has not established an intemal control system to identi$ suppliers registered under the Micro, Small and Medium Enterprises Development Aci,,2A06 O,ISMED Act). In the absence of such a systemo we are unable to comment on the amount of interest if any, payable under the provisions of the MSMED Act, 2006 and the appropriateness of disclosure requirements related to suppliers registered under MSMED Act, 2006 in the standalone financial results. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 1a3(10) of the Companies Act, 2013 (the Act). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter a) We draw attention to note no. 07 to the standalone financial results, which describes that one of the financial creditors of the company has filed an application under the lnsolvency and Bankruptcy Code,2016, before the Hon'ble National Company Law Tribunal (NCLT) after balance sheet date. b) We draw attention to note no. 04 to the standalone financial results. The Company's plant and machinery, buildings and the land appurtenant thereto were disposed of during the year ended March 31, 2026 in enforcement ofcharge created in favour ofthe secured lender, and the said assets were consequently not in the possession of the Company as at the balance sheet date. The Company thereafter carried on its manufacturing operations by obtaining the said assets on lease in terms of the lease agreement. c) We draw attention to note no. 08 to the standalone financial results, which describes the provisional attachment orders issued subsequent to the balance sheet date by the Directorate ofEnforcement under Section 5(l) ofthe Prevention of Money LaunderingAct,2002, in a matter relating to an shareholder of the Company. The orders provisi [Showing first 8,000 characters — download PDF for full document]