India Steel Works Ltd. Announces Strategic Transition to Real Estate, Proposes Name Change to India Homes Ltd.

India Steel Works Ltd. has reported a significant decline in gross revenue for the year ended 31st March, 2025, reflecting the impact of reduced business activity. The EBITDA stood at 2(457.96 ) lakh, primarily due to the decline in operational performance. The company is undergoing a strategic transition towards real estate activities, with the objective of achieving long-term stability and growth. The Board of Directors has proposed renaming the Company to India Homes Limited, subject to shareholder approval. The company has also entered into partnerships with reputed real estate developers to commence development projects on its factory land located at Khopoli.