Pursuant to the provisions of Regulations 30 and 31A(8) of the Listing Regulations, we wish to inform you that the Board, at its meeting held today i.e. 29th July, 2025, has inter alia ....
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Awaiting price reaction for this filing.
The Board of Directors of Nova Iron & Steel Ltd, at its meeting on 29th July 2025, approved the request from M/s Ambey Steel and Power Private Limited to be reclassified from the 'Promoter and Promoter Group' category to the 'Public' category shareholder. Notably, Ambey Steel and Power currently holds NIL equity shares (0%) in the company, has no Board representation, holds no key managerial position, and has no special rights in the company. The reclassification still requires approval from shareholders and BSE under SEBI's Listing Regulations. The filing is largely procedural, with no change in actual shareholding.
This is a procedural housekeeping move with no impact on shareholding or stock price since Ambey Steel and Power holds zero shares. It does not change the overall promoter public shareholding split. Shareholders may note that the reclassification still needs BSE and shareholder approval before becoming effective.