Please find enclosed herewith the disclosure under regulation 31(4) of SEBI (Substantial Acquisition of shares and takeover ) Regulation ,2011 for the financial year ended on march 31, ....
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Olympian Finvest Private Limited, acting on behalf of the promoter and promoter group of Nova Iron & Steel Ltd, has submitted the annual disclosure required under SEBI Regulation 31(4) for FY ended March 31, 2025. The promoters have confirmed that they have not created any new encumbrance (pledge, lien, or similar charge) on their shares in the company during the financial year. The only encumbrances that exist are those already disclosed earlier. Olympian Finvest is a member of the promoter group, and the filing was made by its director Mr. Kamal Jeet.
This is a routine annual compliance filing and is neutral for shareholders. It reassures investors that promoters have not added new pledges or encumbrances on their holdings, meaning no fresh margin pressure on promoter shares during the year.