Nova Iron & Steel Ltd. — Capital/Financing Update 2023

Jul 6, 2023

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THROUGH ONLINE PORTAL

Ref. No.: NISL/SE/2023-24 Dated: 05/07/2023

The Secretary Bombay Stock Exchange Limited Phiroz Jeejeebhoy Towers, 25[th] Floor, Dalal Street, MUMBAI 400 001

Dear Sir,

Subject: Regulation 30 read wit h Schedule III of SEBI (LODR) Regulations, 20 1 5

Pursuant to Regulation 30 of t h e SEBI (Listing Obligations and Disclosure R equirements) Regulations, 2015, this is to i n form you that Board of Diretors at its me e ting held on 30/06/2023 has approved borro w ing from body corporate/financial institutions/ b ank etc. The company has entered into Lo a n Agreement with Non-Banking Financial C ompanies on 05/07/2023. The details of the s a me as under Companies:

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Sr. Name of Parties with w h om the Decor Kishorilal Flawless Holdings
NO. Agreements entered Investment and Constructions and Industries
Finance Private Private Limited Private Limited
Limited
1 Purpose Working Capital
2 Size of Agreement Rs. Rs. 10,00,00,000/- Rs. 10,00,00,000/-
10,00,00,000/- (Rupees Ten Crore (Rupees Ten Crore
(Rupees Ten Only Only
Crore Only
3 Shareholding,if any, in en t ity with NO
whom the agreement is ex e cuted
4 Significant terms of the a g reement NA
(in brief) special rights lik e right to
appoint directors, first r ight to
share subscription in c ase of
issuance of shares, right t o restrict
any change in capital s tructure
etc.;
5 Whether, the parties to the NO
Agreement are related to p romoter
/ promoter group / ass o ciate /
holding / subsidiary / group
companies / Director / K M P and
its relatives in any manner.
6 Whether the transaction w o uld fall NO
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under related party transa c tions?If
yes, Whether the transa c tion is
done at “arms length” basi s
7 There is any issuance / tr a nsfer of NO
shares to the parties?
8 In case of loan agreement s , details Hypothecation on entire Curr e nt Asset
of lender, nature of the lo a n, total
amount of loan grante d , total
amount outstanding, d ate of
execution of the loan
agreement/sanction letter, details
of the security provided to the
lenders for
such loan
9 Any other disclosures r e lated to NO
such agreements, viz., d e tails of
nominee on
the board of directors of t h e listed
entity, potential conflict o f interest
arising out
of such agreements, etc;
10 In case of terminat i on or NO
amendment of agreemen t , listed
entity shall disclose
additional details to th e stock
exchange(s):
i. name of parties to the a g reement
;
ii. nature of the agreement;
iii.date of execution of the
agreement;
iv. details of amendme n t and
impact thereof or rea s ons of
termination and impact th e reof.
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You are requested to kindly upd a te the site for information of shareholders and investors.

Thanking You Yours Faithfully For Nova Iron and Steel Limited DHEERAJ Digitally signed by DHEERAJ KUMAR KUMAR Date: 2023.07.06 16:32:52 +05'30'

(Dheeraj Kumar) Company Secretary