Nova Iron & Steel Limited has submitted a detailed explanation to the Bombay Stock Exchange (BSE) regarding the delayed filing of its unaudited financial results for the quarter and nine months ended 31st December, 2025. The company's disclosure, dated 5th March, 2026, addresses BSE's query about the non-disclosure of reasons for the delay in submission.

Regulatory Timeline and Submission Details

According to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, companies are required to submit their financial results within forty-five days from the end of the quarter. For the period ended 31st December, 2025, Nova Iron & Steel Limited was required to submit its results by 14th February, 2026.

Reasons for Delay

The company explained that the delay stemmed from issues related to the previous quarter's results. The unaudited financial results for the quarter ended 30th September, 2025 had experienced delays due to certain issues that were communicated to the exchange on 14th November, 2025. These prior issues created a cascading effect on the subsequent quarter's results.

Nova Iron & Steel Limited required additional time to complete necessary financial adjustments, accounting entries, and bookkeeping processes. The company worked in consultation with its statutory auditors to ensure proper finalization of the financial results before submission.

Company's Response and Commitment

The company acknowledged that it inadvertently omitted to submit the explanation for the delay when filing the financial results on 26th February, 2026. The disclosure was signed by Dheeraj Kumar, Company Secretary, who emphasized the company's continuous efforts toward finalizing the financial results for both quarters.

Nova Iron & Steel Limited expressed regret for the delay and any inconvenience caused, while assuring the exchange of its commitment to ensure timely compliance with all applicable regulatory requirements in the future. The company requested the exchange's understanding and cooperation regarding the circumstances that led to the delayed submission.

Nova Iron & Steel Limited has published its unaudited financial results for the quarter and half year ending 30/09/2025, fulfilling its regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company announced the publication through a formal communication to the Bombay Stock Exchange on 28/02/2026.

Financial Performance Overview

The company's financial results for the reporting period present a mixed performance picture across different metrics and timeframes.

Capital Structure and Reserves

The company's capital structure remained unchanged during the reporting period, with equity share capital maintained at ₹3613.95 lakhs. However, the reserves position shows a significant deficit of ₹4628.72 lakhs, compared to ₹1918.47 lakhs in the previous year, indicating accumulated losses over time.

Regulatory Compliance and Publication

The financial results extract was published in "Financial Express," an English national daily, and "Aaj Ki Jandhara," a regional daily on 28/02/2026. This publication ensures compliance with Regulation 47 of SEBI (LODR) requirements for listed companies. The company has requested the stock exchange to update its website for the information of shareholders and investors.

Performance Analysis

The quarterly results show contrasting trends between pre-tax and post-tax performance. While the company achieved a substantial net profit before tax of ₹1080.34 lakhs for the quarter, it reported a net loss after tax of ₹105.52 lakhs. The half-year performance shows better overall results with a net profit after tax of ₹115.21 lakhs, indicating improved operational efficiency over the extended period.

The earnings per share improved significantly from ₹-2.45 in the corresponding quarter of the previous year to ₹0.29 in the current quarter, reflecting the company's recovery trajectory. The detailed quarterly financial results are available on stock exchange websites and the company's official website for comprehensive analysis by stakeholders.