India Steel Works Ltd — Dividend/Bonus, 24-07-2025: Corp. Action

India Steel Works Limited's upcoming Annual General Meeting signals a major strategic pivot, proposing to change its name to INDIAHOMES LIMITED to reflect a shift from steel manufacturing to real estate. The company seeks shareholder approval to increase its borrowing capacity to Rs. 500 Cr and allow conversion of up to Rs. 300 Cr in loans into equity in case of default. Additionally, it plans to invest Rs. 1 Cr in a real estate development partnership to monetize company land and will seek approval for various material related party transactions, each up to Rs. 50 Cr annually.