This is inform you that the company has submitted an application to BSE on 14.04.2026, seeking NOC/Approval for reclassification from "Promoter/Promoter group" category to Public Category.
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Nova Iron & Steel Ltd has submitted an application to BSE seeking approval for reclassification of three promoter shareholders to the Public category under SEBI Regulation 31A(8)(c). The promoters being reclassified are Aniket Singal (holding 32,73,600 shares or 9.06%), Priyanka Ankit Miglani (5,000 shares or 0.01%), and Radhika Saurabh Dhoot (5,000 shares or 0.01%). The combined holding being reclassified is 32,83,600 shares representing 9.09% of the company's paid-up capital. This filing dated April 15, 2026 follows the April 14, 2026 application submission.
This reclassification reduces the official promoter holding to zero if approved, as all three named promoters are seeking to exit promoter status. The stock may see reduced investor confidence given the 9%+ stake being moved to public category, though no actual share sale is indicated in the filing.