Shyam Metalics and Energy Limited will convene its 24th Annual General Meeting (AGM) on Tuesday, August 25, 2026, at 3:00 P.M. IST via Video Conference or Other Audio Visual Means. The meeting follows the Board’s recommendation of a final dividend of ₹2.70 per equity share for the financial year ended March 31, 2026, signaling continued capital return to shareholders.

The Company published the pre-despatch notice in Financial Express (English), Arthik Lipi (Bengali), and Jansatta (Hindi) on July 31, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice confirms that the AGM will be conducted without physical presence, complying with Ministry of Corporate Affairs circulars.

Dividend Details

The Board of Directors, at its meeting on May 11, 2026, recommended a final dividend of ₹2.70 per equity share with a nominal value of ₹10 each. This represents a payout ratio of 27%. If approved at the AGM, the dividend will be paid electronically only, as per amendments to Regulation 12 of the SEBI Listing Regulations. No cheques or drafts will be issued.

Shareholders must ensure their bank mandates are updated through their Depository Participants, as all shares are held in demat mode. Tax Deducted at Source (TDS) will apply as specified in the AGM notice.

Voting and Share Transfer Schedule

The Register of Members and Share Transfer Registers will remain closed from Wednesday, August 19, 2026, to Tuesday, August 25, 2026, inclusive, under Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI Listing Regulations. This closure facilitates the determination of eligible voters and dividend recipients.

Remote e-voting will commence on Friday, August 21, 2026, and conclude on Monday, August 24, 2026. The cut-off date for e-voting eligibility is Tuesday, August 18, 2026. Members attending the AGM via VC/OAVM who have not voted remotely may cast votes during the meeting. Attendance via VC/OAVM counts toward quorum under Section 103 of the Companies Act, 2013.

Document Access

The AGM notice and Annual Report for FY26 are available electronically to registered members via Kfin Technologies Limited. A web-link letter is being sent to non-registered members under Regulation 36(1)(b). Documents are also hosted on the Company’s website, BSE Limited, National Stock Exchange of India Limited, and Kfin’s e-voting portal.

Shyam Metalics & Energy Limited commissioned a new 1.5 MTPA (Million Tonnes Per Annum) beneficiation plant in Sambalpur, Odisha, on July 29, 2026. The facility, which required a capital investment of ₹150 Crore, is now fully operational and dedicated to upgrading low-grade ore into high-quality feedstock for downstream steel manufacturing. This vertical integration move aims to reduce reliance on costly external feedstock, thereby creating cost synergies and boosting operating margins for the integrated metal producer.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Birendra Kumar Jain, Company Secretary, confirmed the issuance of the press release to the Bombay Stock Exchange and the National Stock Exchange of India. The company stated that the plant is already delivering on its operational objectives by maximizing the value of its raw material base and lowering overall production costs.

Operational Impact and Strategic Benefits

The primary strategic objective of the new facility is to enhance resource efficiency and margin expansion. By processing low-grade ore in-house, Shyam Metalics aims to extend mine life and optimize existing reserves. The plant utilizes eco-efficient technology to ensure a uniform, premium-grade input, which improves yield and throughput across manufacturing lines while minimizing waste output.

Brij Bhushan Agarwal, Chairman & Managing Director, stated that the commissioning marks a transformative milestone for the company. He noted that the facility is immediately strengthening the bottom line by minimizing waste and ensuring optimal utilization of existing reserves.

Sustainability and Efficiency

The newly active facility incorporates modern technology designed to optimize water and energy consumption. By converting previously underutilized low-grade resources into high-value inputs, the company aligns its expansion with sustainable industrial growth principles. This approach reduces exposure to volatile external ore prices and supply chain disruptions.

What the Numbers Show

The ₹150 Crore investment in a 1.5 MTPA facility indicates a focused strategy on vertical integration within the raw material supply chain. For an integrated metal producer with an aggregate installed metal capacity of 16.93 MTPA, securing consistent, high-quality internal feedstock is critical for margin stability. The ability to process low-grade ore internally directly impacts the cost of goods sold, suggesting a structural improvement in gross margins as external procurement costs are offset by lower-cost internal production.