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

India Steel Works has announced its 38th Annual General Meeting on August 16, 2025, to discuss a major strategic shift from steel manufacturing to real estate. The company proposes to change its name to Indiahomes Limited and has partnered for land development at Khopoli. Financially, the company reported a net loss of ₹13.39 Cr for FY25, with revenue at ₹0.0075 Cr. Auditors issued an adverse opinion, highlighting going concern doubts as operations ceased and liabilities exceed assets, with inventories likely overstated. Shareholders will also vote on increasing borrowing limits to ₹500 Cr and approving material related party transactions.