Nova Iron & Steel Limited announced that Board of Directors of Borrowing Committee at its meeting held on September 29, 2023 has approved borrowing from body corporate/financial institutions/NBFC/bank etc. The company has entered into Loan Agreement with Non-Banking Financial Companies on September 29, 2023. The details of the same as under Companies: Name of Parties with whom the Agreements entered: Essenn Investments Private Limited; Purpose: Working Capital.

Size of Agreement: INR 10,00,00,000/-.