Ms. Kusum Naruka has resigned as Independent Director of nova iron & steel with immediate effect, citing professional commitments. Her resignation, effective June 3, 2026, was intimated to the exchanges on June 9, 2026. Consequently, she has ceased to be a member of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee.

The company confirmed that there are no other material reasons for the resignation beyond those stated in her letter. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Naruka holds a directorship in Marble Finvest Limited, where she serves on the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. She confirmed that no other material reasons exist for her departure from the board of Nova Iron and Steel Limited.

The resignation was submitted in a letter dated June 3, 2026. The company has enclosed the necessary confirmations from the Independent Director as required under Clause 7B of Para A of Part A of Schedule III to the SEBI (LODR) Regulations, 2015.

Details of Resignation

Nova Iron & Steel Limited anticipates a delay in submitting its audited financial results for the quarter and year ended March 31, 2026, citing the consequential impact of previous delays in unaudited filings. The company was required to submit these results to the stock exchange by May 30, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay stems from lags in submitting unaudited results for the periods ended September 30, 2025, and December 31, 2025.

The preparation of financial statements and the completion of the statutory audit are currently in progress. The company stated it is making all efforts to finalize the audit process and submit the audited financial results at the earliest. This disclosure was communicated to the Bombay Stock Exchange via an online portal filing dated May 30, 2026.

The board meeting held on May 30, 2026, addressed the delay pursuant to SEBI Circular CIR/CFD/CMD-1/142/2018 dated November 19, 2018. This circular mandates listed entities to disclose specific reasons for any delays in filing financial results.

In addition to the financial results delay, the board approved the shifting of the company's registered office within local limits. The directors also granted authority to maintain the books of account, other relevant books, papers, minutes, and registers at a location other than the registered office.

The meeting commenced at 3:00 P.M. and concluded at 5:00 P.M. The filing was signed by Dheeraj Kumar, Company Secretary of Nova Iron & Steel Limited.