The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aniket Singal
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Promoter Aniket Singal has disclosed the disposal of his entire holding of 32,73,600 equity shares, representing 9.06% of Nova Iron & Steel Limited's share capital, on June 4, 2026. The transfer was carried out as an off-market inter-se transfer under Regulation 10(1)(a)(iv) of SEBI's Takeover Regulations, meaning the shares were moved within the promoter group rather than sold in the open market. After the transaction, Mr. Singal's holding in the company stands at NIL (zero shares). The company's total equity share capital remains unchanged at 3,61,39,488 shares, indicating no change in overall ownership of the company.
Since this is an inter-se transfer between promoters, the total promoter group stake in the company remains unaffected, so there is no immediate dilution concern for retail shareholders or direct selling pressure on the stock. Investors may want to watch for the corresponding disclosure identifying the buyer to understand the reshuffle within the promoter group.