Nova Iron & Steel Share Price Today

Nova Iron & Steel receives reclassification request from five promoter group entities

Five promoter group entities requested reclassification to public category on November 11, 2026. All requesting entities hold 0 shares and 0% of total shareholding. Requests made under Regulation 31A of SEBI LODR Regulations, 2015. Entities certified no control, no voting rights >10%, and no wilful defaulter status.

Nova Steel lays off 36 workers as import competition bites

Nova Steel is laying off 36 employees at its Saint-Patrick facility effective November 13, 2026. The layoffs are temporary but may become permanent if import pressures persist for 2-3 months. Nova Steel has invested over $200 million in technology yet holds less than 25% Canadian market share. The company demands stricter trade enforcement and Buy Canada mandates from the federal government.

Nova Iron & Steel appoints Palak Jindal as Independent Director

Nova Iron & Steel held its 34th AGM on October 30, 2026, via video conferencing. Palak Jindal (DIN: 10264720) appointed as Non-Executive Independent Woman Director with effect from August 8, 2026, for a term of 5 years. Hardev Chand Verma (DIN: 00007681) re-appointed as Non-Executive Non-Independent Director, liable to retire by rotation. Special resolutions approved continuation of Hardev Chand Verma's directorship beyond age 75 and alteration of the Memorandum of Association. Both directors confirmed as not debarred from office by any SEBI order or other authority.

Nova Iron & Steel secures ROC extension for FY26 AGM by 2 months and 15 days

ROC Chhattisgarh granted Nova Iron & Steel a 2-month 15-day extension for its FY26 AGM. Original AGM deadline was September 30, 2026; new window extends into December 2026. Agenda includes approval for diversifying into ferrous and non-ferrous metal trading. Board changes proposed include appointing Palak Jindal as Independent Director.

Nova Iron & Steel posts FY26 loss of ₹1,597 lakh on asset disposal

Net loss of ₹1,596.89 lakh in FY26 versus net profit of ₹14,879.22 lakh in FY25. Gross revenue increased 11.93% YoY to ₹4,666.61 crore. Exceptional item charge of ₹1,223.25 lakh due to asset disposal drives loss. Net worth turns negative at ₹2,706.47 lakh; current liabilities exceed current assets by ₹10,912.66 lakh. Company plans to enter metal trading business and transfer assets to lenders to reduce debt.

BSE approves Nova Iron & Steel reclassification of three promoters

BSE approved reclassification of three promoters to public category. Approval letter issued on October 1, 2026, referencing June application. Aniket Singal, Priyanka Miglani, and Radhika Dhoot hold zero shares. Compliance with SEBI LODR Regulation 31A confirmed by exchange.