I S T Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/06/2025 ,inter alia, to consider and approve Sale of Stake in associate company namely ....
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Awaiting price reaction for this filing.
IST Limited has informed BSE that its Board of Directors will meet on Friday, 13 June 2025. The main item on the agenda is to consider and approve the sale of the company's stake in its associate company, IST Steel and Power Limited. The company has treated this as unpublished price-sensitive information and has already closed the trading window for its shares. The trading window will reopen 48 hours after the disclosure under SEBI Regulation 30 is shared with the stock exchange and posted on the company's website. The intimation has been filed under Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
If the Board approves the stake sale on 13 June, IST Limited will be exiting or reducing its holding in IST Steel and Power Limited, which could change the company's future earnings mix and asset base. Shareholders should watch for the outcome of the Board meeting, as it may affect the stock price once details are disclosed.