Results of the EGM of the Company held on 23 02 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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India Homes Ltd (formerly India Steel Works Ltd, BSE Scrip: 513361) held its 1st EGM of FY2025-26 on 23 February 2026 via video conferencing, where all 5 resolutions were approved by shareholders. Resolution 1 (Ordinary) approved an increase in Authorised Share Capital and consequential amendment to the Memorandum of Association, passed with 100% in favour (14.34 crore votes polled). Resolution 2 (Ordinary) approved Material Related Party Transactions, passed with 99.9969% in favour (8.17 lakh valid votes, promoters holding 14.26 crore shares abstained). Resolution 3 (Special) appointed Mr. Mohamed Ali Altaf Furniturewala (DIN: 02878231) as Non-Executive Independent Director for a 5-year term, passed with 100% in favour. Resolutions 4 and 5 (both Special) approved transactions under Section 185 and investments/loans/guarantees under Section 186 of the Companies Act 2013, passed with 99.9993% and 99.7555% respectively.
Shareholders have cleared the path for the company to raise additional capital and enter into related-party dealings, which could lead to future dilution or governance concerns. The new independent director appointment may strengthen board oversight, while approvals under Sections 185 and 186 give the company flexibility to extend loans or guarantees to related parties beyond normal limits.