Please find enclosed herewith Annual Report of the Company for the year ended 31/03/2026 along with notice of Annual General Meeting.

CIN : LO2Z710CT1989PL.C010052 | GST : 22AAACNO40I7ZFA IN Re OVA IRON & STEEL LTD. Regd. Office : Bilha Road, Dagori, Tahsil — Bilha, Distt. - Bilaspur, 495224 (C.G.) Mob. 9109107310 Email : novaironsteel@gmail.com ONLINE PORTAL Ref. No.: NISL/SE/2026-27 Dated: 06/10/2026 The Secretary, Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai - 400001 Subject: Annual Report as on 31.03.2026 Ref: Regulation 34(1) of the SEBI (LODR) Regulations 2015 Dear Sir/ Ma’am, Pursuant to regulations 34(1) of the SEBI (LODR) Regulations 2015, please find enclosed herewith Annual Report of the Company for the year ended 31/03/2026 along with notice of Annual General Meeting. This is for your perusal and records. Kindly acknowledge the receipt. Yours faithfully, For Nova Iron and Steel Limited (Dheeraj Kumar) Company Secretary Encl: a/a 34th ANNUAL REPORT 2025-26 34th Annual Report 2025-2026 NOVA IRON AND STEEL LIMITED Regd. Office: Village-Dagori, Bilha Road, District-Bilaspur (Chhattisgarh)-495224 34th ANNUAL REPORT 2025-26 FOR THE ATTENTION OF SHAREHOLDERS Since trading of shares on the Bombay Stock Exchange Ltd. is only in demat form, the shareholders holding shares in physical form are requested to get the shares dematerialized. For this you are required to open a demat account with any Depository Participant (DP) and send the shares to Registrar and Share Transfer Agent (RTA) through DP for dematerialization. In case your shares are not traceable, you may get in touch with the Registrar and Share Transfer Agent for the procedure to get the duplicate share certificates and/or any other help/clarification. The contact detail of RTA are: M/s Skyline Financial Services Private Limited, D-153A, 1st Floor, Okhla Industrial Area, Phase-1, New Delhi-110020, Ph. Nos. 011-40450193 to 97 and 011-26812682-83, Email: rai_nisl2007@yahoo.com. 34th ANNUAL REPORT 2025-26 Year ended 31st March 2026 BOARD OF DIRECTORS CHAIRMAN Mr. Hardev Chand Verma WHOLE TIME DIRECTOR Mr. Dinesh Kumar Yadav DIRECTORS Mr. Suraj Prakash Chaudhary Mrs. Palak Jindal CHIEF FINANCIAL OFFICER Mr. Birender Bhardwaj COMPANY SECRETARY Mr. Dheeraj Kumar AUDITORS M/s MNRS & Associates Chartered Accountants I-35B, First Floor, Lajpat Nagar -2, South Delhi – 110024 Phone: 011-46502975, 46102975 Email: neeraj@mnrsindia.com Website: www.mnrsindia.com Board Report ..................................... 04 BANKERS ICICI Bank Ltd. Financial Statement .......................... 58 HDFC Bank Ltd. State Bank of India Notice ............................................... 107 REGISTERED OFFICE Village Dagori, Bilha Road, Distt-Bilaspur (Chhattisgarh)- 495224 CORPORATE OFFICE House No. 59, Anand Nagar, Telibandha, Raipur, Chattisgarh, India, 492001 Ph. No.: 07752-285206, 285217 Fax No.: 07752-285213 REGISTRAR AND SHARE TRANSFER AGENT Skyline Financial Services Private Limited D-153A, Ist Floor, Okhla Industrial Area, Phase- 1, New Delhi – 110020 Tel: +91 011 40450193 to 97 & 011-26812682-83, Fax +91 11 30857562 Contact Person- Mr. Virender Rana Email: virenr@skylinerta.com E-mail: rai_nisl2007@yahoo.com Website: www.novaironsteel.com CIN No.: L02710CT1989PLC010052 34th ANNUAL REPORT 2025-26 BOARD REPORT To Members, Nova Iron and Steel Limited Registered office: Village-Dagori, Bilha Road, Distt. –Bilaspur, Chhattisgarh- 495224 Your directors have pleasure in presenting the 34th Annual Report together with Standalone Audited Accounts for the year ended 31st March, 2026. FINANCIAL HIGHLIGHTS (Rs. in Lacs) Particulars 2025-26 2024-25 (12 Months) (12 Months) Gross Revenue 46,666.07 41,691.38 Profit/Loss before Interest, Depreciation, Exceptional item and Tax 1,247.27 1,218.32 Interest & Financial Cost 1,227.16 1,104.98 Depreciation & Amortization 2,235.70 1,947.25 Profit/(Loss) before Exceptional item & tax (2,215.59) (1,833.91) Exceptional item (1,223.25) (15,808.36) Profit/(Loss) after Exceptional item & before Tax (992.34) 13,974.45 Tax Expenses: Current Tax 604.55 Deferred Tax (710.27) Earlier years (194.50) Net Profit/(Loss) after tax (1,596.89) 14,879.22 PERFORMANCE During the year under review, the Company recorded Gross Sales of ₹46,666.07 lakhs as against ₹41,691.38 lakhs in the previous year, reflecting an increase of 11.93% over the previous year. The Company incurred a loss of ₹1,596.89 lakhs during the year under review as compared to a profit of ₹14,879.22 lakhs in the previous year. The loss during the year was mainly attributable to the disposal of the charged assets pursuant to enforcement of the charge by the Lender, owing to the Company’s inability to repay the outstanding debt. The disposal resulted in disruption of the Company’s operations and adversely affected its overall financial performance. FUTURE OUTLOOK The Company is in the process of transferring its assets to the lenders in compliance with the Award dated 24.11.2025. This decision follows careful analysis and is aimed at reducing the Company's debt liability and securing its long-term prosperity. The Company is also entering the trading business in iron, metals, steel and related products. With its long experience in the iron and steel industry, the Company sees trading as a way to diversify and expand its revenue-generating activities, and to take up market opportunities as they arise, either on its own account or on behalf of others. This will help the Company keep its business going and improve its earnings while it reduces its debt. 34th ANNUAL REPORT 2025-26 CAPITAL & RESERVES During the year there is no change in the capital of the Company. Company has not transferred any amount to the General Reserve. DIVIDEND In view of inadequate profit during the year, Board of Directors has not recommended Dividend for distribution. CHANGE IN NATURE OF BUSINESS There was no change in the nature of business of the Company during the financial year under review. However, the Company proposes to undertake the business of trading in iron, metals, steel and related products, subject to the approval of the Members by way of a Special Resolution for alteration of the Objects Clause of the Memorandum of Association at the ensuing Annual General Meeting. BOARD MEETINGS During the financial year, 6 (Six) meetings of Board of Directors of the Company and one meeting of the Independent Directors were held. AUDIT COMMITTEE The Audit Committee comprises 3 (three) members, namely Ms. Kusum Naruka, Independent Director, Mr. Suraj Prakash Choudhary, Independent Director and Mr. Dinesh Kumar Yadav, Executive Director. Ms. Kusum Naruka is the Chairperson of the Committee. The Audit Committee has the powers and authority as provided under the provisions of the Companies Act, 2013 and Regulation 18 of SEBI (LODR) Regulations, 2015, in accordance with the terms of reference specified by the Board of Directors from time to time. The Board has accepted all the recommendations of the Committee made during the year. During the year, 5 (five) meetings of the Audit Committee were held and the Committee reviewed the related party transactions periodically. Subsequent to the year-end, Ms. Kusum Naruka, Member and Chairperson of the Audit Committee, resigned with effect from June 03, 2026. Consequent thereto, Mr. Suraj Prakash Choudhary, existing Member of the Committee, was designated as Chairperson of the Audit Committee, and Mrs. Palak Jindal was appointed as a Member of the Audit Committee with effect from August 08, 2026. EXTRACT OF ANNUAL RETURN The draft Annual Return in form MGT-7 for the Financial Year 2025-26 as per the provisions of Companies Act, 2013 and Rules thereto, is available on the Company’s website at https://www.novaironsteel.com/notices.htm AUDITORS AND AUDITORS’ REPORTS The Company have appointed M/s MNRS & Associates, Chartered Accountants, New Delhi (FRN: 018340N) as Statutory Auditors of the Company in Annual General Meeting held on 30/11/2022 for a term of five consecutive years to hold the office from the con [Showing first 8,000 characters — download PDF for full document]