PFA the outcome of the Board meeting held on 13-06-2025
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Awaiting price reaction for this filing.
The Board of Directors of IST Limited met on Friday, June 13, 2025, from 2:30 p.m. to 3:15 p.m. The Board was considering the sale of its stake in IST Steel and Power Limited, an associate company. However, the Directors could not arrive at any decision on this matter and decided to withdraw the proposal for the time being. No other major decisions were disclosed in the filing. The outcome has been communicated to BSE under Regulation 30 of SEBI's LODR Regulations, 2015.
The proposed divestment of the associate company stake has been called off, at least for now, meaning the company will continue to hold its position in IST Steel and Power Limited. For shareholders, this removes near-term uncertainty around the stake sale and any potential capital reallocation, though it also leaves the strategic direction of the associate holding unresolved.