8
total announcements
513566.BO · 15 min delayed
Nova Iron & Steel Ltd
Nova Iron & Steel Ltd has delayed submission of unaudited financial results for Q2 2026 due to delay in finalizing audited financial results for Q1 2026.
Nova Iron & Steel Ltd
The National Company Law Tribunal, Cuttack Bench, has dismissed an application filed by Bhushan Power & Steel Limited against Nova Iron & Steel Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, dismissing the claim of a default amount of Rs.306.52 crores.
Nova Iron & Steel Ltd
Nova Iron & Steel Ltd has announced the appointment of Mrs. Palak Jindal as an Additional Director in the category of Non-Executive Independent Director, subject to shareholder approval. The appointment is effective from August 8, 2026, and Mrs. Jindal will serve for a period of 5 years.
Nova Iron & Steel Ltd
The Board of Directors of Nova Iron & Steel Ltd has approved the appointment of Mrs. Palak Jindal as an Additional Director and noted the delay in submitting financial results for the quarter and year ended 31st March 2026.
Nova Iron & Steel Ltd
Nova Iron & Steel Ltd has received a provisional attachment order from the Directorate of Enforcement (ED) dated 07/08/2026, related to a case filed by the CBI against Bhushan Power & Steel Limited (BPSL) and its directors, alleging loan defaults and money laundering.
Nova Iron & Steel Ltd
Nova Iron & Steel Ltd has received disclosure under SEBI (SAST) Regulations, 2011 from M/s Olympian Finvest Private Limited and M/s Aromatic Steel Private Limited, members of the Promoter Group, regarding acquisition of shares under Regulation 10(1)(a)(iv) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Nova Iron & Steel Ltd
Olympian Finvest Private Limited, a promoter group entity of Nova Iron & Steel Ltd, will acquire 45,73,675 equity shares, representing 12.65% of the company's share capital, from four other promoter group companies. This off-market transaction, priced at Rs. 11 per share, is an inter-se transfer intended for restructuring among the promoter group members. Post-acquisition, Olympian Finvest's holding will increase to 12.92%, and the total promoter group shareholding will rise from 31.51% to 44.16%. The acquisition is exempt from an open offer under SEBI (SAST) Regulations.
Nova Iron & Steel Ltd
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%.