Aromatic Steel Private Limited has increased its shareholding in [Nova Iron & Steel Limited](nova iron & steel) to 18.67% through an off-market inter-se transfer of equity shares. The transaction, which took place on July 15, 2026, involved the purchase of 33,31,000 shares carrying voting rights from Nilanchal Investments Private Limited. This acquisition was disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Prior to the acquisition, Aromatic Steel Private Limited held 34,18,000 shares, representing 9.46% of the total paid-up share capital of Nova Iron & Steel Limited. Following the purchase, the acquirer's total holding has risen to 67,49,000 shares. The total equity share capital of the target company remains unchanged at 3,61,39,488 shares. The transaction value was recorded at ₹3,66,41,000.

Acquisition Details

The acquisition was executed as an off-market inter-se transfer in accordance with Regulation 10(1)(a)(iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer confirmed that there are no shares encumbered, nor are there any warrants or convertible securities held by the acquirer in the target company. The disclosures were received by Nova Iron & Steel Limited from both promoter group members on July 17, 2026.

Shareholding Pattern

The following table outlines the changes in the acquirer's shareholding:

Aromatic Steel Private Limited is classified as belonging to the promoter or promoter group of Nova Iron & Steel Limited. The disclosure was signed by Abhikush, Director of Aromatic Steel Private Limited, on July 17, 2026.

Olympian Finvest Private Limited has increased its shareholding in Nova Iron and Steel Limited to 12.92% through an acquisition of 94,000 equity shares. The transaction was executed under Regulation 10(1)(a)(iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which exempts the acquirer from making an open offer. The acquisition was part of a restructuring within the promoter group, involving the sale of shares by Aarti Iron & Power Private Limited.

Following the transaction, Olympian Finvest Private Limited holds a total of 46,67,675 equity shares, representing 12.92% of the total paid-up share capital of the target company. The seller, Aarti Iron & Power Private Limited, has divested its entire stake of 94,000 shares, which previously accounted for 0.26% of the share capital. The disclosures regarding this change were submitted to BSE Limited on July 9, 2026.

Shareholding Details

The table below details the movement of shares for the entities involved in the transaction.

Regulatory Filing

The disclosure was submitted by Sachin Kumar, Director of Olympian Finvest Private Limited, in accordance with Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Nova Iron and Steel Limited is listed on BSE Limited with scrip code 513566.