We wish to inform you that the Copmpany has received no- objection/ approval letter from BSE Ltd. vide its letter dated 17/09/2025, for reclassification of M/s Ambey Steel and Power Private ....
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BSE has approved Nova Iron & Steel Ltd's request to reclassify M/s Ambey Steel and Power Private Limited from the 'Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. The approval was granted vide BSE letter dated 17 September 2025, following the company's application dated 2 August 2025. Notably, the entity being reclassified holds 0 shares (0% stake) in the company, making this a formal/housekeeping reclassification. The company is required to comply with subsequent disclosure requirements under Regulation 31A.
This is a procedural housekeeping change with no material impact on shareholding, as the outgoing promoter entity already holds zero shares. Shareholders should see no change in the company's promoter composition, voting power, or stock price from this announcement.