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India Steel Works LtdOthers, 18-08-2025: AGM/EGM

18-08-2025 | 07:20 pm

India Steel Works shareholders have approved all resolutions at the 38th Annual General Meeting. Key approvals include the company's financial statements and a dividend on preference shares. Shareholders also greenlit changing the company's name, re-appointing a director, and increasing borrowing limits. Crucially, they authorized the Board to raise convertible debt and rescinded previous resolutions on fundraising and share capital increase, signaling a revised financial strategy. The company also secured approval for a strategic partnership for real estate development on its land, potentially unlocking new value.

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