Nova Iron promoter group reshuffles holdings via off-market trades

Nova Iron and Steel Limited disclosed a restructuring of shareholding within its promoter group, involving the acquisition of shares by Olympian Finvest Private Limited and the complete exit of Reward Capital Service Private Limited. The transactions, executed on June 30, 2026, were off-market inter-se transfers conducted in accordance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The total value of the individual transactions was ₹4,72,08,425.

Reward Capital Service Private Limited disposed of its entire shareholding of 42,91,675 equity shares, representing 11.88% of the total paid-up share capital. Following the sale, the entity no longer holds any shares in the target company. Concurrently, Olympian Finvest Private Limited purchased 42,91,675 equity shares, increasing its total holding to 43,85,675 shares, which represents 12.14% of the share capital.

Shareholding Details

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

Entity	Transaction Type	Shares Transacted	Transaction Value	Holding Post-Transaction
Reward Capital Service Private Limited	Sale	42,91,675	₹4,72,08,425	NIL
Olympian Finvest Private Limited	Purchase	42,91,675	₹4,72,08,425	43,85,675 (12.14%)

Regulatory Filing

The disclosures were submitted to the company on July 1, 2026, by Abhikush, Director of Reward Capital Service Private Limited, and Sachin Kumar, Director of Olympian Finvest Private Limited. Nova Iron and Steel Limited subsequently filed the information with BSE Limited on July 2, 2026. The company is listed on BSE Limited with scrip code 513566.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.60%	-0.89%	+11.17%	-3.89%	-7.81%	-20.36%

Nova Iron & Steel Ltd received Provisional Attachment Order No. 15/2026 dated June 25, 2026, from the Directorate of Enforcement. The order was issued by the authority in New Delhi and received by the company on June 25, 2026, at 08:09 P.M. The company stated that the order does not have a material impact on its day-to-day operations as it evaluates the implications and prepares appropriate legal recourse.

The disclosure was made to the Bombay Stock Exchange under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nova Iron & Steel is currently examining the order and, based on legal advice, intends to take all necessary legal steps to protect its interests and contest the matter before the appropriate authorities.

Details of the Regulatory Action

The filing provided specific details regarding the communication from the Directorate of Enforcement. The nature of the action is outlined in the Provisional Attachment Order, though the specific violations or contraventions were not detailed in the public summary, referring instead to the enclosed order.

Particulars	Details
Name of the authority	Directorate of Enforcement (“ED”), New Delhi
Nature of action	Provisional Attachment Order No. 15/2026 dated June 25, 2026
Date of receipt	June 25, 2026 at 08:09 P.M.
Impact on operations	The Company is of the view that the said Provisional Attachment Order does not have any material impact on its day-to-day operations.

The company confirmed that it is evaluating the implications of the order and will take appropriate legal recourse. The filing was signed by Dheeraj Kumar, Company Secretary, on June 26, 2026.