Due diligence undertaken to issue title certificate of the land of the Company at khopoli and public notice in this regard published in Economic Times, Times of India & Maharashtra Times enclosed.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Steel Works Ltd has begun due diligence and title verification on its land at Khopoli, Maharashtra, to issue a title certificate. This follows an earlier MoU signed on 29-May-2025 to set up a special purpose vehicle (SPV) for developing this land. A public notice inviting claims or objections has been published in Economic Times, Times of India, and Maharashtra Times. Note: the BSE headline mentions 'India Homes Ltd' but the actual filing is from India Steel Works Ltd (scrip code 513361).
This is a routine procedural update in the company's land development initiative. Shareholders should watch for further updates on the SPV formation and any deal terms, as monetisation of the Khopoli land could be material for the company given it is a steel manufacturer with land as a potential non-core asset.