Nova iron & steel Limited has filed its quarterly compliance certificate with the Bombay Stock Exchange, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 13, 2026, pertains to the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company submitted the confirmation certificate as mandated under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary Dheeraj Kumar signed the filing letter, which was addressed to the Bombay Stock Exchange at Phiroz Jeejeebhoy Towers, Mumbai.

Certificate Details

Registrar Confirmation

Skyline Financial Services Private Limited, serving as the company's SEBI-registered Category-1 Registrar and Share Transfer Agent, issued the confirmation certificate on April 9, 2026. The registrar, based in New Delhi's Okhla Industrial Area, confirmed compliance with dematerialization procedures for the specified quarter.

Compliance Confirmations

The certificate verified two key compliance aspects:

• Securities comprised in physical certificates have been listed on the stock exchange where earlier issued securities are listed
• Physical certificates were properly mutilated and cancelled after verification, with the depository name substituted in records as registered owner within the mandated 15-day period

Corporate Information

Nova Iron & Steel Limited operates from Village Dagori, Tehsil Belha, District Bilaspur. The company maintains its regulatory filings through Skyline Financial Services Private Limited, which holds CIN number U74899DL1995PTC071324 and operates as a SEBI-registered registrar and share transfer agent.

Nova Iron & Steel Limited has received formal requests from three promoters seeking reclassification from the promoter category to the public category under SEBI regulations. The company informed the Bombay Stock Exchange about these developments on March 31, 2026, through an official intimation pursuant to Regulation 31A(8)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoter Reclassification Details

The three promoters requesting reclassification are Aniket Singal, Priyanka Ankit Miglani, and Radhika Saurabh Dhoot. Their combined shareholding represents a significant portion of the company's equity structure.

Regulatory Compliance and Undertakings

Each promoter has submitted individual applications with comprehensive undertakings as required under SEBI regulations. The applicants have confirmed they do not exercise control over company affairs, either directly or indirectly. They have stated that any involvement is limited in nature and does not confer authority to influence management or policy decisions.

The promoters have provided specific certifications including:

• They do not hold more than ten percent of total voting rights
• They do not exercise control over company affairs
• They have no special rights through formal or informal arrangements
• They are not represented on the board of directors
• They do not act as key managerial persons
• They are not wilful defaulters or fugitive economic offenders
• No pending regulatory actions exist against them

Board Consideration Process

The requests for reclassification will be considered by Nova Iron & Steel Limited's Board of Directors pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The promoters have requested the board to initiate necessary procedures for reclassification, including obtaining approvals from shareholders and stock exchanges.

The applications were submitted via email on March 31, 2026, and the company has attached copies of the request letters for exchange records. Company Secretary Dheeraj Kumar signed the official intimation to the Bombay Stock Exchange regarding these developments.

Compliance Timeline

The promoters have committed to comply with specific SEBI regulation conditions for a minimum period of three years from the reclassification date. They have acknowledged that failure to maintain compliance would result in automatic reclassification back to promoter status. This ensures ongoing adherence to regulatory requirements and maintains transparency in shareholding classifications.