Key Quantitative Figures

Transaction Details:

  • Total shares acquired: 45,73,675 equity shares (12.65% of total share capital)
  • Acquisition price: ₹11 per share (off-market transactions)
  • SEBI filing fees paid: ₹1,77,000 each by Olympian Finvest (Ref: DCPNKE81QIRZSI) and Aromatic Steel (Ref: DCPN7HM1QITLDI) on 22/07/2026
  • Total equity capital of Nova Iron: 3,61,39,488 shares

Breakdown of Acquisitions:

Olympian Finvest Private Limited acquired:

  • 44,79,675 shares from Reward Capital Services Pvt. Ltd., Shivalikview Steel Trading Pvt. Ltd., and Rockland Steel Trading Pvt. Ltd. between 30/06/2026 and 06/07/2026
  • 94,000 shares from Aarti Iron & Power Private Limited on 08/07/2026
  • Total acquisition: 45,73,675 shares
  • Holding change: From 94,000 shares (0.26%) to 46,67,675 shares (12.92%)

Aromatic Steel Private Limited acquired:

  • 33,31,000 shares from Nilanchal Investments Private Limited on 15/07/2026
  • Holding change: From 34,18,000 shares (9.46%) to 67,49,000 shares (18.67%)

Promoter Group Shareholding Impact:

  • Pre-transaction total promoter holding: 1,26,28,675 shares (34.94%)
  • Post-transaction total promoter holding: 1,59,59,675 shares (44.16%)
  • Net increase in promoter group consolidation: 12.22% of total capital

Dates of Action

  • 20/06/2026: Initial disclosures filed with BSE under Regulation 10(5)
  • 22/07/2026: SEBI fees payment date
  • 23/07/2026: Final reports submitted to SEBI under Regulation 10(7)
  • Transaction execution dates: 30/06/2026, 03/07/2026, 06/07/2026, 08/07/2026, 15/07/2026

Parties Involved

Acquirers:

  • Olympian Finvest Private Limited (Represented by Director Sachin Kumar)
  • Aromatic Steel Private Limited (Represented by Director Abhikush)

Sellers:

  • Reward Capital Services Pvt. Ltd.
  • Shivalikview Steel Trading Pvt. Ltd.
  • Rockland Steel Trading Pvt. Ltd.
  • Aarti Iron & Power Private Limited
  • Nilanchal Investments Private Limited

Other Entities:

  • Nova Iron and Steel Limited (Represented by Company Secretary Dheeraj Kumar)
  • BSE Limited (Recipient of disclosures)
  • Securities and Exchange Board of India (Regulatory authority)

Purpose/Rationale

Restructuring among members of Promoter Group of Nova Iron and Steel Limited as explicitly stated in all disclosure documents.

Compliance Status

  • All disclosures filed within stipulated timelines:
  • Regulation 10(5) filed 4 working days before acquisition (20/06/2026)
  • Regulation 10(6) filed within 4 working days of acquisition (06/07/2026, 09/07/2026, 17/07/2026)
  • Regulation 10(7) filed within 21 working days of acquisition (23/07/2026)
  • Applicable fees of ₹1,50,000 + 18% GST paid to SEBI for each acquisition
  • Regulation 29(2) disclosures filed for all shareholding changes
  • Acquisition price confirmed to not exceed 25% of calculated price (₹10.40 for infrequently traded shares)

Financial Impact

  • Total transaction value: Approximately ₹5.03 crore (45,73,675 shares × ₹11/share)
  • Cash outflow: ₹1,77,000 each by acquirers as SEBI fees
  • No impact on company's equity capital structure (only inter-se transfer among existing shareholders)

Historical Shareholding Reference

Shareholding patterns for FY2024, FY2025, and FY2026 provided confirming all parties have been named as Persons Acting in Concert (PAC) in previous filings.

Capital Structure Impact

  • No change in total outstanding shares: 3,61,39,488 shares
  • Change in ownership distribution within promoter group: Reduction in fragmented holdings and consolidation with two main entities
  • No dilution effect on public shareholders

Documents Enclosed

All filings included Annexures with:

  • SEBI payment confirmations
  • BSE disclosure copies
  • Shareholding pattern documents for FY2024, FY2025, FY2026
  • Regulation 29(2) disclosures
  • Declarations of compliance