Announced Sat, 8 Aug · 14:20 IST
ED issues new provisional attachment order to Nova Iron and Steel
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹12.60
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.9-1.3-3.2-5.7-5.6-6.0————
Up moveDown movePending
AI summary
Nova Iron and Steel received a third provisional attachment order from the Enforcement Directorate on August 7, 2026, under PMLA, attaching shares worth about Rs 16.67 crore held by three group companies. Earlier ED orders have attached assets exceeding Rs 937 crore linked to alleged money laundering and fund diversion involving BPSL. The company says no material impact on daily operations and plans to contest legally.
Likely market impact
Continued ED action over BPSL-linked assets; legal challenge pending. Shares worth about Rs 17 crore attached. Company sees no major operational impact.