New Risk • Jul 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.4% operating cash flow to total debt). Negative equity (-₹101m). Market cap is less than US$10m (₹491.1m market cap, or US$5.10m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Announcement • Jun 10
Nova Iron and Steel Limited Announces Resignation of Kusum Naruka as Independent Director, Member of Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee, Effective June 3, 2026 Nova Iron and Steel Limited informed that Ms. Kusum Naruka (DIN: 10679553), Independent Director of the Company, resigned from the Board of the Company with immediate effect on June 3, 2026, vide her resignation letter dated June 3, 2026, on account of professional commitments. Consequently, she ceased to be member of Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. Ms. Kusum Naruka is also a director in Marble Finvest Limited and a member of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee of Marble Finvest Limited. New Risk • Mar 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Negative equity (-₹113m). Market cap is less than US$10m (₹455.7m market cap, or US$4.98m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. 
