Shyam Metalics and Energy Limited has successfully completed its postal ballot proceedings for the appointment of an Independent Director, demonstrating strong shareholder confidence in the company's governance structure. The company announced the results on March 16, 2026, following a comprehensive e-voting process conducted in compliance with SEBI regulations and submitted the official scrutinizer's report to stock exchanges.

Postal Ballot Resolution Details

The Board of Directors had decided on January 24, 2026, to seek shareholder approval through postal ballot for appointing Mr. Subrata Bhattacharya (DIN: 03050155) as an Independent Director. The appointment covers a five-year term from February 1, 2026, to January 31, 2031.

Voting Process and Timeline

The postal ballot process was conducted exclusively through remote e-voting, following the guidelines prescribed by the Ministry of Corporate Affairs. The company completed dispatching the postal ballot notice electronically on February 11, 2026, to all eligible shareholders whose names appeared in the Register of Members as of the cut-off date of February 6, 2026.

The e-voting facility was provided by National Securities Depository Limited (NSDL), with the voting period commencing on February 12, 2026, at 9:00 AM IST and concluding on March 13, 2026, at 5:00 PM IST. The company also published advertisements in multiple newspapers including "The Financial Express," "Aarthik Lipi," and "Jansatta" on February 12, 2026, to inform shareholders about the voting process.

Overwhelming Shareholder Support

The voting results demonstrated exceptional shareholder confidence in the proposed appointment. A total of 480 members representing 239,043,175 equity shares participated in the e-voting process.

Official Scrutinizer's Report

Mr. Raj Kumar Banthia, Partner of MKB & Associates and Practicing Company Secretary (Membership No. A17190/CP-18428), served as the appointed scrutinizer for the postal ballot process. In his official report dated March 16, 2026, he certified that the resolution was approved and passed by the requisite majority, ensuring full compliance with the provisions of Section 108 and 110 of the Companies Act, 2013.

The scrutinizer confirmed that all 480 votes cast through the e-voting platform were valid, and the e-voting facility was unlocked on March 13, 2026, after 5:00 PM in the presence of two witnesses. The process adhered to the guidelines prescribed by various MCA circulars issued between 2020 and 2025.

Regulatory Compliance and Stock Exchange Filing

The postal ballot proceedings were conducted in strict accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 44(3). Company Secretary and Compliance Officer Birendra Kumar Jain (Membership No. F13320) submitted the voting results along with the scrutinizer's consolidated report to both BSE Limited (Scrip Code: 543299) and National Stock Exchange of India Limited (Symbol: SHYAMMETL), fulfilling all regulatory disclosure requirements under the listing regulations.

Shyam metalics & energy Limited has announced the successful completion of investor meetings at the UBS Emerging India Mid-Caps Corporate Day 2026 held in Singapore. The company's officials engaged with various investors, analysts, and fund managers during the event on March 9, 2026.

Meeting Details and Compliance

The investor engagement was conducted in strict adherence to regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company emphasized that all discussions were based exclusively on publicly available information.

Regulatory Adherence

The company assured that no unpublished price sensitive information (UPSI) was discussed during the interactions with participants. This commitment aligns with the company's adherence to transparency and regulatory compliance standards. The meeting was conducted as a follow-up to the prior intimation submitted on March 2, 2026.

Corporate Communication

Birendra Kumar Jain, Company Secretary & Compliance Officer, signed the regulatory filing confirming the meeting outcomes. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive disclosure to all stakeholders.

Company Portfolio

Shyam Metalics and Energy Limited operates under the TIGER brand portfolio, which includes TMT Re-Bar, Stainless Steel Roofing Sheets, Structural Steel, Aluminium Foil, and other metal products. The company maintains its registered office in Kolkata, West Bengal, and continues its investor engagement activities as part of regular corporate communications.