Nova Iron & Steel Limited has announced a board meeting scheduled for January 21, 2026, to consider the company's unaudited financial results for the quarter and half-year ended September 30, 2025. The steel company issued the meeting notice on January 15, 2026, in compliance with regulatory requirements.

Meeting Details and Purpose

The board meeting will specifically focus on reviewing the unaudited financial results for Q2FY26 and the half-year period ending September 30, 2025. The meeting is scheduled for Wednesday, January 21, 2026, as communicated to the Bombay Stock Exchange.

Regulatory Compliance

The meeting notice was issued in strict compliance with Regulation 29 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

Company Secretary Dheeraj Kumar digitally signed the official communication on January 15, 2026, at 17:38:35 IST. The notice was formally addressed to the Secretary of the Bombay Stock Exchange Limited at Phiroze Jeejeebhoy Towers, Mumbai.

Corporate Communication

The official notice carried reference number NISL/SE/2025-26 and was submitted through the company's online portal system. The communication follows standard corporate governance practices for listed entities, ensuring transparency and regulatory adherence in financial disclosure processes.

Nova Iron & Steel Limited (NISL) has filed satisfaction of charge documents with the Registrar of Companies (ROC) on December 27, 2025, marking the completion of debt obligations totaling ₹114.62 crore in favor of M/s Shree Balaji Steel and Metal Private Limited.

Charge Satisfaction Details

The company informed the Bombay Stock Exchange on December 29, 2025, about the material event under Regulation 30 of SEBI (LODR) Regulations, 2015. The ROC Chhattisgarh issued memorandums confirming the satisfaction of two separate charges:

Previous Asset Sale Transaction

This charge satisfaction follows the company's earlier strategic asset sale completed on August 1, 2025. NISL had sold significant operational and non-operational assets to M/s Shree Balaji Steel Metal Private Limited for ₹122 crore, which included:

• Operational and non-operational land parcels
• DRI (Direct Reduced Iron) Kiln
• Power plant
• Induction furnace

Financial Impact and Strategic Rationale

The asset sale transaction details were:

Regulatory Compliance

Both the original asset sale and the recent charge satisfaction have been conducted in full compliance with regulatory requirements. The asset sale was approved under Section 180 of the Companies Act, 2013, and adhered to Regulation 37A of SEBI (LODR) Regulations. Shareholder approval was obtained via Special Resolution at the 33rd AGM on September 17, 2025.

About the Counterparty

M/s Shree Balaji Steel & Metal Private Limited, the beneficiary of both the asset purchase and the satisfied charges, is a company engaged in metal retail and distribution within the trade sector and is not affiliated with NISL's Promoter or Promoter Group.

This charge satisfaction represents the successful completion of Nova Iron and Steel Limited's debt restructuring strategy, demonstrating the company's commitment to improving its financial position through strategic asset optimization.