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 the extract of its unaudited financial results for the quarter and nine months ended December 31, 2025, in compliance with SEBI (LODR) Regulation 47. The company published the results extract in "Financial Express," an English national daily, and "Aaj Ki Jandhara," a regional daily on February 28, 2026.

Regulatory Compliance and Publication

Company Secretary Dheeraj Kumar communicated the publication to the Bombay Stock Exchange Limited through the online portal, referencing the earlier intimation dated February 26, 2026. The publication was made in accordance with Regulation 47 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation 2015.

Financial Performance Summary

The published extract revealed the company's financial performance for the quarter ended December 31, 2025. The results showed mixed performance with revenue generation alongside operational challenges.

Corporate Structure and Share Capital

The company maintained its equity share capital at ₹15,035.72 lakhs with shares of face value ₹10.00 each. The earnings per share for continuing and discontinued operations showed deterioration, with basic and diluted EPS declining to ₹(0.78) from ₹(0.31) in the corresponding quarter of the previous year.

Company Information and Contact Details

Nova Iron & Steel Limited operates with CIN L27101CT1989PLC005205 and maintains its registered office at Village Dagori, Tehsil-Belha, District Bilaspur, Chhattisgarh, Pin-495224. The company can be contacted via email at nova_iron@yahoo.com and through its website www.novaironsteel.com . The company's GST number is 22AAACN0407F1ZA, and it can be reached through mobile number 9109107310.