It is informed that the company has filed the charge on 21.06.2025 Vide charge ID: 101109286 in favour of Shriram Finance Limited of Loan Amount of Rs. 49,70,000
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Awaiting price reaction for this filing.
Nova Iron & Steel Ltd has created a charge for Rs. 49,70,000 (about Rs. 49.7 lakhs) in favour of Shriram Finance Limited, registered with the Registrar of Companies on 21 June 2025. The loan was formally created on 18 June 2025 with Charge ID 101109286 and filed under SEBI LODR Regulation 30 as a material event. This is a disclosure of a new debt obligation the company has taken on, likely to fund working capital or operational needs. The charge certificate was attached and shared with BSE for public record.
The loan amount is relatively small compared to typical corporate borrowings, so it is unlikely to materially move the stock. However, it signals that the company is taking on additional debt from a non-banking financier (Shriram Finance), which shareholders may want to track alongside existing borrowings.