We wish to inform you that the Company has filed satisfaction of charge to Registrar of Companies on 27/12/2025 in respect of charge created in favour of M/s Shree Balaji Steel & Metal ....
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Awaiting price reaction for this filing.
Nova Iron & Steel Ltd has filed satisfaction of charges with the Registrar of Companies on 27/12/2025, in respect of two charges originally created on 27/06/2022 (modified on 10/07/2024) in favour of M/s Shree Balaji Steel and Metal Pvt Ltd. The first charge of Rs. 53.40 crore and the second charge of Rs. 61.62 crore have both been satisfied in full, totaling about Rs. 115 crore. The ROC certificate confirms the obligations were settled by 29/11/2025.
Clearing Rs. 115 crore of secured obligations reduces the company's debt burden and frees up assets previously held as collateral. For shareholders, this improves the company's debt position, though the full balance sheet context (whether new debt replaced this) would be needed to gauge the real impact.