India Steel Works Ltd — Others, 24-07-2025: AGM/EGM

India Steel Works Ltd plans a major strategic pivot, proposing a name change to "INDIAHOMES LIMITED" to focus on real estate development. This includes a strategic partnership for land development, involving an investment of up to 1 Cr. The company seeks to boost financial flexibility by increasing its borrowing limit to 500 Cr and allowing loans up to 300 Cr to be convertible into equity shares upon default. Significantly, prior resolutions for fund-raising and authorized capital increase have been recalled. Shareholders will also consider material related party transactions up to 50 Cr annually with various entities and a 0.01% dividend on preference shares.