India Steel Works shareholders have approved all resolutions at the 38th Annual General Meeting.

Key approvals include the company's financial statements and a dividend on preference shares.

Shareholders also greenlit changing the company's name, re-appointing a director, and increasing borrowing limits.

Crucially, they authorized the Board to raise convertible debt and rescinded previous resolutions on fundraising and share capital increase, signaling a revised financial strategy.

The company also secured approval for a strategic partnership for real estate development on its land, potentially unlocking new value.