Amendment of MOA & AOA of the Company by the shareholders of the Company at the 38th Annual General Meeting of the Company held on 16 08 2025
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At the 38th Annual General Meeting held on August 16, 2025, shareholders approved a change of the company's name from 'India Steel Works Limited' to 'India Homes Limited' through a special resolution. The name clause of the Memorandum of Association was altered to reflect the new identity. Separately, a new sub-clause was inserted into Clause 18 of the Articles of Association under 'Further Issue of Capital', allowing the conversion of debentures or loans taken from any entity or person into company shares, exempting such conversions from existing capital increase restrictions. The intimation was filed with BSE on August 17, 2025, under SEBI LODR Regulation 30.
The name change signals a strategic pivot from the steel business to the real estate/housing sector, which investors should read as a meaningful shift in business direction. The AOA amendment gives the company greater flexibility to raise capital via convertible debt instruments, which could result in future equity dilution if such conversions are exercised.