Nova Iron & Steel
12.14
0.00(0.00%)
Market Cap₹43.90 Cr
PE Ratio0.30
Company Performance:
1D0.00%
1M-6.69%
6M-18.08%
1Y-14.14%
5Y+67.45%
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More news about Nova Iron & Steel
29Dec 25
Nova Iron and Steel Files ₹114.62 Crore Charge Satisfaction with ROC
Nova Iron and Steel Limited has successfully filed charge satisfaction documents with the Registrar of Companies, clearing debt obligations worth ₹114.62 crore in favor of Shree Balaji Steel and Metal Private Limited. This development follows the company's strategic ₹122 crore asset sale completed earlier, demonstrating effective debt restructuring and financial optimization efforts.
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18Sept 25
Nova Iron and Steel Appoints Directors, Approves Reclassification at Annual General Meeting
Nova Iron & Steel Limited held its AGM on September 17, 2025, making key corporate governance decisions. Shareholders approved the appointment of Suraj Prakash Choudhary as Independent Director and re-appointed Hardev Chand Verma as Non-Executive Non-Independent Director. The company received BSE approval to reclassify Ambey Steel and Power Private Limited from 'Promoter Group' to 'Public' category. Other resolutions passed include adoption of financial statements, approval of Cost Auditors' remuneration, and revision in remuneration for the Whole Time Director.
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18Sept 25
Nova Iron & Steel Ltd Secures BSE Approval for Promoter Reclassification
Nova Iron & Steel Ltd (NISL) has obtained approval from BSE Limited to reclassify Ambey Steel and Power Private Limited from 'Promoter Group' to 'Public' category. The reclassification results in Ambey Steel and Power Private Limited holding 0 shares (0.00% ownership) in NISL. The approval process began with an initial application on August 02, 2025, and concluded with BSE approval on September 17, 2025. The reclassification complies with SEBI regulations. NISL also held its 33rd Annual General Meeting on September 17, 2025, addressing financial statements adoption, director appointments, and other corporate matters.
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16Aug 25
Nova Iron & Steel Reports Robust Q1 Results with Rs 127.48 Crore Net Profit
Nova Iron & Steel announced unaudited Q1 financial results, reporting total income from operations of Rs 1,430.90 crore and net profit after tax of Rs 127.48 crore. The company's paid-up equity share capital is Rs 22.94 crore. Additionally, Nova Iron & Steel introduced a special window for re-lodging physical share transfer requests, open from July 7, 2025, to January 6, 2026, in compliance with SEBI regulations.
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14Aug 25
Nova Iron & Steel Reports Q1 FY26 Results: Profit Dips, Revenue Rises Amid Auditor Concerns
Nova Iron & Steel Limited released Q1 FY26 results showing increased revenue but decreased profitability. Revenue from operations rose to Rs 11,297.09 lakhs, while net profit fell to Rs 220.73 lakhs, a 36.76% decrease from Q1 FY25. EPS dropped to Rs 0.61. Auditors issued a qualified conclusion regarding unrecognized interest on certain borrowings. The Board approved re-appointment of M/s J.K. Kabra & Company as Cost Auditor for FY 2025-26, subject to member ratification.
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02Aug 25
Nova Iron & Steel Seeks Reclassification of Ambey Steel from Promoter to Public Category
Nova Iron & Steel Limited has applied to the Bombay Stock Exchange for reclassification of Ambey Steel and Power Private Limited from Promoter/Promoter Group to Public category. The application was submitted on August 02, 2025. Ambey Steel currently holds zero shares (0.00%) in Nova Iron & Steel. The reclassification, if approved, would align with the current shareholding reality. This move could impact the company's shareholding structure and investor perception.
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29Jul 25
Nova Iron & Steel Board Approves Reclassification of Ambey Steel from Promoter to Public Shareholder
Nova Iron & Steel's Board has approved the reclassification of Ambey Steel and Power Private Limited from 'promoter and promoter group' to 'public' shareholder category. Ambey Steel currently holds no shares in the company and has no management involvement. The decision, made on July 29, 2025, requires shareholder and BSE Limited approval. The reclassification aligns with regulatory transparency requirements but is expected to have minimal immediate impact on shareholding patterns.
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22Jul 25
Nova Iron & Steel Considers Promoter Group Entity's Reclassification Request
Ambey Steel & Power Private Limited, a promoter group entity of Nova Iron & Steel Limited, has requested reclassification from 'Promoter Group' to 'Public' category. The entity holds 0% shareholding and confirms no management control or special rights. Nova Iron & Steel will consider the request in an upcoming board meeting, followed by seeking shareholder and stock exchange approvals.
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22Jul 25
Nova Iron and Steel Opens Special Window for Re-lodging Physical Share Transfer Requests
Nova Iron & Steel Limited (NISL) announces a special six-month window from July 7, 2025, to January 6, 2026, for shareholders to re-lodge physical share transfer requests rejected or returned before April 1, 2019. This initiative aligns with a recent SEBI circular and aims to address investor concerns. Re-lodged securities will be issued only in demat mode. Eligible shareholders can submit documents to NISL's RTA, Skyline Financial Services Private Limited, or directly to the company.
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Nova Iron & Steel
12.14
0.0
(0.0%)
1 Year Returns:-14.14%
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