Nova Iron & Steel Ltd has filed a fresh application with BSE Limited seeking approval to reclassify three individuals from the Promoter category to the Public shareholder category. The filing, dated September 29, 2026, references an application originally submitted on June 22, 2026.

The move is made in compliance with Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that this is the second attempt at reclassification, as a previous application was closed by BSE with advice to submit a fresh request.

Shareholders under review

The application 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.

Nova Iron & Steel Ltd has re-appointed M/s J.K. Kabra & Company as its Cost Auditor for the financial year 2026-27. The appointment is subject to the ratification of remuneration by members at the upcoming Annual General Meeting.

The Board of Directors approved this decision during their meeting held on September 28, 2026. The term of appointment extends from April 1, 2026, to March 31, 2027. This update follows the company's earlier announcement regarding the scheduling of its 34th AGM for October 30, 2026.

Governance and Audit Updates

The Board also recommended the re-appointment of Hardev Chand Verma as a Non-Executive, Non-Independent Director. Verma is liable to retire by rotation, and his continuation as director upon attaining the age of 75 years was sanctioned. Additionally, alterations to Clause III(A) of the Memorandum of Association were approved, subject to shareholder approval.

M/s J.K. Kabra & Company is a firm of Practising Cost Accountants based in Delhi. The firm offers services including cost audit, certifications, setting up costing systems, and cost consultancy across diverse industries.

The board meeting commenced at 4:00 pm and concluded at 5:00 pm. The company filed this outcome with the Bombay Stock Exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.