BSEGeneral3d ago · 11 Nov 2026, 04:10 pm

This is to inform that the company has received a request vide email dated November 11, 2026, from the entities forming part of the promoter group of the company and presently holding 0% of the total shareholding, seeking reclassification from the "Promoter Group" category to the "Public" category, in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nova Iron & Steel Ltd · 513566

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Nova Iron & Steel Ltd has received requests from entities forming part of the promoter group to reclassify from the 'Promoter Group' category to the 'Public' category, as per Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The entities, Aarti Iron & Power Private Limited, Nilanchal Investments Private Limited, and Reward Capital Services Private Limited, have submitted applications stating they do not hold any shares, voting rights, or investments in the company and do not exercise control or influence over its management or affairs.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Nova Iron & Steel Ltd - 513566 - Announcement under Regulation 31A (LODR)-(8)(a) Receipt of request

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Request for Reclassification from 'Promoter group' to 'Public' Category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "SEBI Listing Regulations"). From: Aarti iron (aartiiron78@gmail.com) To: rai_nisl2007@yahoo.com Date: Wednesday, 11 November 2026 at 12:01 pm IST Dear Sir/Madam, We, Aarti Iron & Power Private Limited, presently classified as a member of the Promoter Group of Nova Iron and Steel Limited, holding NIL shares constituting 0% of the paid-up share capital, hereby request reclassification of our status from 'Promoter Group' to 'Public' under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as we do not hold any shares, voting rights or investment in the Company and do not exercise any control or influence over the management or affairs of the Company. 1. In connection with application for reclassification, we, hereby confirm and certify that we: a) We do not hold more than 10% of the total voting rights in the company. b) We do not exercise control over the affairs of the company, directly or indirectly. c) We do not hold any management or control in the Company and are not engaged in day-to-day affairs of the Company either directly or indirectly d) We do not have any special rights through formal or informal arrangements with the Company or its promoters. e) We are not a 'wilful defaulter' as per the Reserve Bank of India guidelines. 2. There are no pending regulatory action against us. 3. We shall continue to comply with the conditions mentioned at sub-clauses (i), (ii) and (iii) of clause (b) of Regulation 31A (3) of the SEBI Listing Regulations at all times from the date of re-classification as public shareholder, failing which, we shall be reclassified as promoter/person belonging to the promoter group of the Company. 4. We shall comply with the conditions mentioned in the of sub-clauses (iv) and (v) of clause (b) of Regulation 31 A (3) of the SEBI Listing Regulations for a period of not less than three (3) years from the date of reclassification as public shareholder, failing which, we shall be reclassified as promoter/person belonging to promoter group of the Company. We request the Board of Directors to consider this application in the forthcoming Board Meeting and initiate the necessary process for our reclassification, including obtaining the required approvals from the stock exchange. Thank you for your attention to this matter. Sincerely, For Aarti Iron & Power Private Limited (formerly known as Aarti Iron & Power Limited) Chander Parkash Goyal (Director) DIN 11737747 Aarti Iron Reclassification Request.pdf 112.8 Request for Reclassification from 'Promoter group' to 'Public' Category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "SEBI Listing Regulations"). From: Nilanchal investment (nilanchalinvestment@gmail.com) To: rai_nisl2007@yahoo.com Date: Wednesday, 11 November 2026 at 11:56 am IST Dear Sir/Madam, We, Nilanchal Investments Private Limited, presently classified as a member of the Promoter Group of Nova Iron and Steel Limited, holding NIL shares constituting 0% of the paid-up share capital, hereby request reclassification of our status from 'Promoter Group' to 'Public' under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as we do not hold any shares, voting rights or investment in the Company and do not exercise any control or influence over the management or affairs of the Company. 1. In connection with application for reclassification, we, hereby confirm and certify that we: a) We do not hold more than 10% of the total voting rights in the company. b) We do not exercise control over the affairs of the company, directly or indirectly. c) We do not hold any management or control in the Company and are not engaged in day-to-day affairs of the Company either directly or indirectly d) We do not have any special rights through formal or informal arrangements with the Company or its promoters. e) We are not a 'wilful defaulter' as per the Reserve Bank of India guidelines. 2. There are no pending regulatory action against us. 3. We shall continue to comply with the conditions mentioned at sub-clauses (i), (ii) and (iii) of clause (b) of Regulation 31A (3) of the SEBI Listing Regulations at all times from the date of re-classification as public shareholder, failing which, we shall be reclassified as promoter/person belonging to the promoter group of the Company. 4. We shall comply with the conditions mentioned in the of sub-clauses (iv) and (v) of clause (b) of Regulation 31 A (3) of the SEBI Listing Regulations for a period of not less than three (3) years from the date of reclassification as public shareholder, failing which, we shall be reclassified as promoter/person belonging to promoter group of the Company. We request the Board of Directors to consider this application in the forthcoming Board Meeting and initiate the necessary process for our reclassification, including obtaining the required approvals from the stock exchange. Thank you for your attention to this matter. Sincerely, For Nilanchal Investments Private Limited (formerly known as RGF Real Estates Private Limited) Chander Parkash Goyal (Director) DIN 11737747 Nilanchal Reclassification Request.pdf 108.5 Request for Reclassification from 'Promoter group' to 'Public' Category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "SEBI Listing Regulations"). From: reward capital (rewardcapital@rediffmail.com) To: rai_nisl2007@yahoo.com Date: Wednesday, 11 November 2026 at 12:04 pm IST Dear Sir/Madam, We, Reward Capital Services Private Limited, presently classified as a member of the Promoter Group of Nova Iron and Steel Limited, holding NIL shares constituting 0% of the paid-up share capital, hereby request reclassification of our status from 'Promoter Group' to 'Public' under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as we do not hold any shares, voting rights or investment in the Company and do not exercise any control or influence over the management or affairs of the Company 1. In connection with application for reclassification, we, hereby confirm and certify that we: 1. We do not hold more than 10% of the total voting rights in the company. 2. We do not exercise control over the affairs of the company, directly or indirectly. 3. We do not hold any management or control in the Company and are not engaged in day-to-day affairs of the Company either directly or indirectly 4. We do not have any special rights through formal or informal arrangements with the Company or its promoters. 5. We are not a 'wilful defaulter' as per the Reserve Bank of India guidelines. 2. There are no pending regulatory action against us. 3. We shall continue to comply with the conditions mentioned at sub-clauses (i), (ii) and (iii) of clause (b) of Regulation 31A (3) of the SEBI Listing Regulations at all times from the date of re-classification as public shareholder, failing which, we shall be reclassified as promoter/person belonging to the promoter group of the Company. 4. We shall comply with the conditions mentioned in the of sub-clauses (iv) and (v) of clause (b) of Regulation 31 A (3) of the SEBI Listing Regulations for a period of not less than three (3) years from the date of reclassification as public shareholder, failing which, we shall be reclassified as promoter/person belonging to promoter group of the Company. We request the Board of Directors to consider this application in the forthcoming Board Meeting and initiate the necessary process for our reclassification, including obtaining the required approvals from the stock exchange. Thank you for your attention to this matter. Sincerely, For [Showing first 8,000 characters — download PDF for full document]