Corrigendum to the Notice of 38th Annual General Meeting circulating revised CA certificate under Regulation 45
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India Steel Works Limited has issued a corrigendum on 8 August 2025 to the notice of its 38th Annual General Meeting scheduled for Saturday, 16 August 2025 at 2:00 p.m. via video conferencing. The corrigendum revises the Practicing Chartered Accountant's certificate that was annexed to Resolution No. 5, which seeks shareholder approval to change the company's name from 'India Steel Works Limited' to 'India Homes Limited' under SEBI Regulation 45. All other contents of the original AGM notice dated 17 July 2025 remain unchanged, and the revised certificate now forms an integral part of the resolution. The broader AGM agenda includes 12 items covering FY25 financial statements adoption, 0.01% dividend on preference share capital, director re-appointment, appointment of secretarial auditor for 5 years (FY26-FY30), Articles of Association alteration for convertible instruments, recalling of preferential allotment resolutions from December 2024 EGM, increased borrowing limit up to Rs. 500 Crores, convertible loan approval up to Rs. 300 Crores, a real estate development partnership with Lloyds Realty and Smartquip Properties, material related party transactions up to Rs. 50 Crores each with 8 related parties, and cost auditor remuneration ratification. E-voting opens on 12 August and closes on 15 August 2025, with the record date set for 9 August 2025.
The corrigendum is procedural and does not alter any resolution, but it draws attention to the company's strategic rebranding from steel to real estate/housing. Shareholders voting on 16 August face several material decisions including a name change, significantly higher borrowing limits, and sizeable related party transactions that warrant careful review.