Promoter group entities Vintage Steel Private Limited and Titanic Steel Industries Private Limited have increased their shareholding in Nova Iron and Steel Limited through an off-market acquisition on June 4, 2026. The transactions, executed on the BSE, involved the purchase of 32,73,600 equity shares for a total consideration of ₹3,60,09,600. This move consolidates the promoter group's position in the steel manufacturer, raising their combined holding to 12.55% of the total voting capital.

The disclosures were submitted to BSE Limited on June 10, 2026, under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filings confirmed that the acquisitions were made via off-market inter-se transfers. The total equity share capital of Nova Iron and Steel Limited remains unchanged at 3,61,39,488 shares.

Vintage Steel Private Limited acquired 21,99,415 shares, increasing its stake from 0.26% to 6.35%. The transaction value for this acquisition was ₹2,41,93,565. Similarly, Titanic Steel Industries Private Limited purchased 10,74,185 shares, raising its holding from 3.22% to 6.20% for a consideration of ₹1,18,16,035. Both entities are classified as members of the promoter group.

The detailed changes in the shareholding pattern are outlined in the table below:

The disclosures confirmed that there was no trading in derivatives by the promoter group entities during the period. The off-market transfers mark a significant consolidation of ownership within the promoter group.

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