Interim report
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OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. Office: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes SMEL/SE/ 2026-27/88 October 31, 2026 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Maharashtra, India Scrip Code: 543299 The Manager – Listing Department National Stock Exchange of India Limited “Exchange Plaza”, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 Maharashtra, India Symbol: SHYAMMETL Dear Sir/Madam, Sub: Outcome of Board Meeting Pursuant to Regulation 30, 33 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of Shyam Metalics and Energy Limited (“the Company”) at its meeting held today i.e. 31st October, 2026 inter-alia considered and approved; 1. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the Second Quarter and Half Year ended September 30, 2026, duly reviewed and recommended by the Audit Committee along with Limited Review Report as issued by M/s. MSKA & Associates LLP, the Statutory Auditors of the Company. The same is enclosed herewith as Annexure-C. A copy of the said results together with the Limited Review Report for Second Quarter and Half Year ended September 30, 2026 are enclosed herewith. These are also being made available on the website of the Company at www.shyammetalics.com. 2. Based on the recommendation of the Nomination and Remuneration Committee and subject to approval of Members of the Company, the Board of Directors of the Company, has during their meeting given in-principle approval to the proposal for the induction of Mr. Debashis Prasad Pattanaik as a nominee director (representing LIC) on the board of the company subject to allotment of DIN and requisite formalities under the Companies act and other regulatory requirements. We hereby affirm that the Director being proposed is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. The requisite disclosure pursuant to Part A Para A of Schedule III of the Listing Regulations and in terms of SEBI Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, is enclosed as Annexure A. 3. The proposal to acquire a 51% controlling equity stake in Alom Solar Private Limited, subject to execution of definitive agreements and necessary approvals. On acquisition, Alom Solar Private Limited becomes the Subsidiary of Shyam Metalics and Energy Limited. The requisite disclosure pursuant to Part A Para A of Schedule III of the Listing Regulations and in terms of SEBI Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, is enclosed as Annexure B. 4. the Proposal for the initial Capital Expenditure (Capex) budget of approximately ₹360 Crores for the development and operationalization of the Phutamura Coal Block, located in Raigarh District, Chhattisgarh. Since the Company proposes to hold a 51% controlling stake in Alom Solar
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OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. Office: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes Private Limited (the project entity executing the mining operations), the Company's financial contribution towards the said initial Capex budget will be 51% (approximately ₹183.60 Crores), with the remaining 49% share to be funded by the joint venture partner. The meeting commenced at 11:00 A.M. and concluded at 12:45 P.M. This is for your kind information and records. Thanking you, For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary & Compliance Officer Membership No. F13320 Enclosed: As Above Birendra Kumar Jain Digitally signed by Birendra Kumar Jain Date: 2026.10.31 12:49:46 +05'30'
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OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. Office: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes Annexure – A Details as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with ‘Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015: Sl. No. Particulars Disclosure 1. Reason for change (appointment, re- appointment, resignation, removal, death or otherwise) Proposal for Induction of Mr. Debashis Prasad Pattanaik as a Nominee Director – LIC subject to obtaining necessary Director Identification number and other regulatory requirements. 2. Date and term of appointment w.r.t change in designation Appointment subject to approval on the terms of the nominating institution and necessary regulatory approvals 3. Brief Profile (in case of appointment) Mr. Debashis Prasad Pattanaik (born July 12, 1966) is a seasoned professional currently serving as the Chief Executive Officer & Executive Director (FGN) at LIC (International) B.S.C. (c), Bahrain. He holds an M.A. and an MBA, and is a Fellow of the Insurance Institute of India (FIII). He possesses an extensive suite of specialized global qualifications, including certifications from the Chartered Insurance Institute (UK) in Insurance Law, Business & Finance, alongside specialized diplomas in Health, Marine, and Fire Insurance. Additionally, he has successfully qualified the Online Proficiency Self-Assessment Test for the Independent Director's Databank conducted by the Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs. He brings profound expertise in corporate governance, compliance, risk management, and international operations to the Board. 4. Disclosure of relationships between directors (in case of appointment of a director) Mr. Debashis Prasad Pattanaik is not related to any Directors of the Company. 5. Information as required pursuant to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Ltd with ref. no. NSE/CML/2018/24, dated June 30, 2018 Mr. Debashis Prasad Pattanaik is not debarred from holding the office of Director pursuant to any SEBI Order or Order of any such authority.
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OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. Office: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes ANNEXURE – B Details required under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: Sr. No. Particulars Details 1. Name of the target entity, details in brief such as size, turnover etc. Entity Name: Alom Solar Private Limited Assets / Rights Acquired: Mining rights for the Phutamura Coal Block (Raigarh District, Chhattisgarh) covering ~7.324 sq. km. with estimated reserves of ~170 million tonnes. Turnover: Nil 2. Whether the acquisition/investment would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”. Related Party Transaction: No None of the Promoters or Promoter Group are interested in the matter. The transaction is proposed to be conducted on an arm’s length basis. Upon acquisition, Alom Solar Pvt. Ltd. will become the Subsidiary company of Shyam Metalics and Energy Limited. 3. Industry to which the entity being acquired belongs Mining and Energy / Natural Resources. 4. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) Strategic backward integration to secure long-term coal supply for captive power generation and steel plant manufacturing processes. 5. Brief details of any governmental or regulatory approvals required for the acquisition Subject to statutory consents/approvals as applicable for transfer/acquisition of controlling stake. 6. Indicative time period for completion of the acquisition On or before 30th November, 2026 7. Consideration - whether cash consideration or share swap or any other form and details of the same Cash consideration
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OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. Office: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes Sr. No. Particulars Details 8. Cost of acquisition and/or the price at which the shares are acquired ₹ 51,000 /- 5100 Equity shares issued at the Face Value of ₹ 10 per share aggregating ₹ 51,000. 9. Percentage of shareholding / control acquired and / or number of shares acquired Proposed acquisition of a controlling 51% stake in Alom Solar Private Limited by Shyam Metalics and Energy Limited 10. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) Line of Business: Energy / Mining sector holding rights to Phutamura Coal Block. Country of Operations: India. Date of Incorporation: 28th June, 2026 Turnover History (Last 3 Years): - FY 2025-26: Nil - FY 2024-25: Nil - FY 2023-24: Nil