we wish to inform you that the Board, at its meeting held today i.e. 08th April, 2026, has inter alia considered and approved the request letter received on 31 March 2026 from the Promoters, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nova Iron & Steel's board has approved the reclassification request from three promoters — Mr. Aniket Singal (9.06%), Ms. Priyanka Ankit Miglani (0.01%), and Ms. Radhika Saurabh Dhoot (0.01%) — collectively holding 32,83,600 shares (9.09%). They requested reclassification from 'Promoter' to 'Public' category, citing they do not participate in management, hold no board/key positions, and have no special rights. The Board approved the request, but it remains subject to shareholder and BSE Limited approval under Regulation 31A. The reclassification would reduce the official promoter holding by ~9.09 percentage points.
If approved by shareholders and BSE, the company's disclosed promoter holding will decrease by 9.09%, potentially increasing the public float. This signals promoters exiting their standing, which could affect investor sentiment and the stock's promoter group classification.