Key Resolution Details

  • Resolution Type: Special Resolution
  • Subject: Approval for change of Name of the Company from "Ironwood Education Limited" to "Ironwood Realty Limited" and consequent alterations in the Memorandum of Association and Articles of Association
  • Voting Method: Remote e-voting only through NSDL
  • Cut-off Date: October 9, 2026 (shareholders on record as of this date are eligible to vote)

Voting Schedule

  • Voting Commencement: Wednesday, October 14, 2026 at 9:00 a.m. IST
  • Voting Conclusion: Thursday, November 12, 2026 at 5:00 p.m. IST
  • Results Announcement: On or before November 14, 2026
  • Scrutinizer: Ms. Sonali Gamne (Membership No. A36772 and CP No. 19207) of Sonali Gamne & Associates, Company Secretaries

Rationale for Name Change

The explanatory statement provides the following rationale:

  • The name change follows the acquisition of 100% equity share capital of Trio Infrastructure Private Limited via share swap agreement dated December 2, 2024 from Balaji Raghavan, Manojshankar Tripathi, and Rushabh Chaubey.
  • The acquisition resulted in the acquirers (including Nitish Nagori) obtaining 51.90% voting rights and becoming new promoters after an open offer under SEBI SAST Regulations, 2011.
  • Trio became a wholly owned subsidiary, significantly changing the company's business profile, corporate structure, and strategic direction.
  • At the 42nd Annual General Meeting in September 2025, the Memorandum of Association was amended to include construction, infrastructure and real estate/property-related activities.
  • The real estate business has become the predominant contributor, accounting for approximately 94-95% of consolidated operating revenue for FY 2025-26.
  • The change aligns the corporate name with current business activities, amended constitutional objects, and future business strategy.

Document Availability

The Postal Ballot Notice is available on:

  • Company website: https://ironwoodworld.com/wpcontent/uploads/2026/10/Notice-of-Postal-Ballot-05.10.2026.pdf
  • NSDL website: www.evoting.nsdl.com
  • BSE website: www.bseindia.com

Inspection of Documents

All documents referred to in the Notice are available for electronic inspection during business hours from October 14, 2026 to November 12, 2026 upon request to cs@ironwoodworld.com with required identification details.

Historical Context

The company was originally incorporated as MJP Leasing Limited and has undergone several name changes:

  • Changed to Concept Productions Limited on February 27, 2003
  • Changed to Greycells Entertainment Limited on April 21, 2005
  • Changed to Greycells Education Limited on February 11, 2010
  • Changed to Ironwood Education Limited on March 23, 2021

Impact and Effective Date

  • The resolution, if passed, will be deemed effective on November 12, 2026 (last date of e-voting).
  • The new name will be substituted in all company documents, records, agreements, contracts, name boards, and letterheads.
  • The change is subject to approval from Registrar of Companies, Ministry of Corporate Affairs, Central Government, and Stock Exchanges.

Director Interests

None of the Directors, Key Managerial Personnel or their relatives are concerned or interested in the resolution, except to the extent of their shareholding, if any.