Shyam Metalics & Energy has announced significant expansion at its Pakuria facility through the addition of specialized manufacturing equipment under Regulation 30 disclosure. The integrated metal producer has successfully commissioned two new annealing furnaces with specific capacities and advanced foil separation technology to enhance operational capabilities.

Equipment Specifications and Capacity Enhancement

The company has commissioned two new annealing furnaces with distinct capacities to streamline production processes. The first furnace operates at 25 MT per annum capacity, while the second furnace provides 30 MT per annum capacity, designed to improve production efficiency and output consistency.

Advanced Foil Processing Technology

Alongside the annealing furnaces, Shyam Metalics has commissioned a 2300 mm Vertical Foil Separator (LGSS) that enables precise separation of Ultra-Light Gauge (ULG) and Light Gauge (LG) foil materials. This equipment covers a thickness range of 6 to 15 microns, allowing the company to cater to customers with specialized requirements and greater precision in foil processing.

Management Commentary on Expansion

Commenting on the development, Mr. Brij Bhushan Agarwal, Chairman & Managing Director, stated that the company is continuously working on strengthening operations through targeted upgrades and better processes. He emphasized that the additions at Pakuria will help improve efficiency and deliver more consistent, high-quality products to customers, while building capabilities to respond quickly to evolving market demand.

Strategic Manufacturing Enhancement

These upgrades represent part of Shyam Metalics' broader strategy to enhance manufacturing strength and align with market needs. The new equipment installations are expected to improve process control, strengthen manufacturing capabilities at the Pakuria unit, and support the company's efforts to expand value-added product offerings in the competitive metals market.

Shyam Metalics and Energy Limited has disclosed that the Directorate of Enforcement has issued a provisional attachment order worth Rs. 159.51 crore against its wholly owned subsidiary, Shyam Sel and Power Limited. The order was issued on April 15, 2026, and received by the company on April 16, 2026, via email.

Enforcement Action Details

The provisional attachment order pertains to an ongoing investigation related to alleged illegal coal mining and pilferage in the leasehold areas of Eastern Coalfields Limited. The attachment covers investments in corporate bonds and alternate investment funds held by Shyam Sel and Power Limited.

Company's Position and Clarifications

The company has emphasized that the attachment is provisional in nature and subject to confirmation by the Adjudicating Authority under the Prevention of Money Laundering Act, 2002. Shyam Metalics has clarified that the investigation relates to alleged purchase of coal illegally excavated from Eastern Coalfields Limited mines carried out by certain syndicates.

Importantly, the company stated that no linkage was found with its operations during the course of investigation. The management has confirmed that it is taking appropriate legal recourse in the matter to address the provisional attachment order.

Financial Impact Assessment

The company has provided a detailed assessment of the potential financial implications of the enforcement action:

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has committed to keeping the stock exchanges informed of any further material developments in this matter.

The attachment specifically covers investments in corporate bonds and alternate investment funds held by the subsidiary. The company has maintained that there will be no impact on the operations of the listed entity or any of its group companies, as no involvement in illegal coal purchase activities was established during the investigation.