Nova Iron and Steel Limited held a Board of Directors meeting on 14th November 2026 from 01:30 PM to 02:00 PM. The meeting addressed several regulatory compliance matters under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Outcomes:

1. Promoter Group Reclassification Approval

The Board approved requests from five entities to be reclassified from "Promoter Group" to "Public" category under Regulation 31A of SEBI Listing Regulations:

  • Shivalikview Steel Trading Private Limited (0 shares, 0% holding)
  • Aarti Iron & Power Private Limited (formerly Aarti Iron & Power Limited) (0 shares, 0% holding)
  • Rockland Steel Trading Private Limited (0 shares, 0% holding)
  • Reward Capital Services Private Limited (0 shares, 0% holding)
  • Nilanchal Investments Private Limited (formerly RGF Real Estates Private Limited) (0 shares, 0% holding)

All entities hold zero equity shares representing 0% of paid-up equity share capital. The entities confirmed they do not exercise control over the company's affairs or hold any special rights. Shareholder approval was not required as the entities hold less than 1% of total voting rights.

2. Policy Approvals

The Board approved three new policies:

  • Familiarization Programme for Independent Directors (pursuant to Regulation 25(7))
  • Policy on Related Party Transactions (pursuant to Regulation 23)
  • Policy on Determination of Materiality of Events and Information (pursuant to Regulation 30(4))

3. Financial Results Delay

The company delayed submission of Un-Audited Financial Results for the quarter ended 30th September 2026 due to festival holidays during which most auditor staff were on leave. The company is expediting finalization of results along with Limited Review Report.

Regulatory Compliance:

The disclosure is made in compliance with regulations 30 read with Schedule III and regulations 31A(8) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company had previously intimated BSE Limited about the reclassification requests on 11th November 2026.

Authorization:

Dheeraj Kumar, Company Secretary, is authorized to complete all necessary regulatory filings and compliances related to the reclassification process.