India Steel Works Ltd — Important, 19-08-2025: Company Update

At its recent Annual General Meeting, India Steel Works Limited shareholders approved a significant strategic shift, changing the company's name to **India Homes Limited**. This name change signals a potential pivot or increased focus towards the housing sector. Additionally, shareholders approved an amendment to the company's Articles of Association. This update clarifies that future increases in subscribed capital resulting from the conversion of debentures or loans into shares will not be subject to existing rules governing further capital issues. This provides the company with more flexibility in its financing strategies involving debt-to-equity conversions.