Promoter group Aromatic Steel raises stake in Nova Iron & Steel to 18.67%

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹12.59

prior close

₹12.76

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+0.5% vs market

Iron & Steel Products peers, median of 97sector-0.3%-0.2% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.2 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-1.1+0.5-0.3-0.2

Next day

-2.3-0.5-1.8-0.4-2.0

-2.3-0.1-2.2-0.9-1.4

+0.8-1.3+2.1-1.1+1.9

-2.1-2.0-0.1-1.5-0.5

-2.5-1.6-1.0-2.0-0.6

-3.7-1.5-2.1-2.0-1.7

15d

+0.1+2.9-2.8-1.7+1.8

-5.5+3.4-8.9-2.0-3.5

+8.8+2.5+6.3-1.0+9.9

+2.2-0.1+2.3-1.5+3.7

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aromatic Steel Pvt Ltd, part of the promoter group, acquired 33.31 lakh shares (9.22%) of Nova Iron & Steel through an off-market inter-se transfer on 15 July 2026. Its stake rose from 9.46% to 18.67%. Total equity capital of the company stands at 3.61 crore shares. The transfer is exempt under Regulation 10(1)(a)(iv) as it is within the promoter group.

Likely market impact

Promoter group stake nearly doubles to 18.67%, signalling internal consolidation. No open market impact; holding approaches 25% open offer trigger.