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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India Steel Works Limited has officially changed its name to India Homes Limited, with shareholders approving the change via special resolution at the 38th Annual General Meeting held on August 16, 2025. Alongside the name change, the Memorandum of Association's name clause and Article 18 of the Articles of Association were amended accordingly. Additionally, a new sub-clause 18(d) was inserted allowing the company to increase its subscribed capital by converting debentures or loans into shares, without needing to follow standard further-issue procedures.
The name change signals a strategic pivot away from steel manufacturing toward the housing/real estate business, which may reshape investor perception and brand positioning. The new convertible clause gives the company more flexibility to raise capital through debt instruments that can convert to equity, potentially leading to future share dilution if such instruments are exercised.