Nova Iron & Steel Ltd received approval from BSE Limited to reclassify three individuals from the Promoter category to the Public shareholder category. The exchange granted this no-objection on October 1, 2026, concluding the company's application process initiated earlier in June.

The move complies with Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This decision follows a fresh application submitted on September 29, 2026, which referenced an original request dated June 22, 2026. A previous application had been closed by BSE with advice to submit a new request.

Shareholders reclassified

The approval covers three individuals who currently hold no shares in the company. The table below details the shareholders involved in the reclassification process:

Regulatory context

Under SEBI regulations, entities classified as promoters must meet specific criteria regarding shareholding and control. Individuals who cease to hold shares or control may apply for reclassification to the public category to reflect their current status accurately. The company’s digital signature on the intimation confirms the submission by Company Secretary Dheeraj Kumar. The BSE letter, available on the Corporate Compliance & Listing Centre on October 3, 2026, mandates compliance with subsequent relevant disclosures of material events related to this reclassification.

Nova Iron & Steel Ltd has closed its trading window for all designated persons and their immediate relatives. The closure is effective from the quarter ended September 30, 2026, and will remain in force until 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026.

This action is taken in accordance with the provisions of the SEBI (Prohibition of Insider Trading) (Second Amendment) Regulations, 2019. The company notified the Bombay Stock Exchange (BSE) about this intimation on October 1, 2026.

Regulatory compliance details

The trading window restriction applies to all securities of the company. Designated persons are prohibited from dealing in the company's shares during this period to prevent potential insider trading while sensitive financial information is being prepared and reviewed.

The notification was signed by Dheeraj Kumar, Company Secretary, confirming the closure for the specified period. This standard procedure ensures that no individual with access to unpublished price-sensitive information can trade on the stock exchange before the results are made public.