Shyam Metalics and Energy Limited held a meeting with various groups of investors at the Grand Hyatt in Mumbai on June 18, 2026. The company confirmed that discussions during the session were based solely on publicly available information and assured that no unpublished price-sensitive information (UPSI) was shared.

The disclosure regarding the outcome was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Birendra Kumar Jain, the Company Secretary and Compliance Officer.

Shyam Metalics and Energy Limited operates brands such as TIGER 550D TMT RE-BAR, TIGER STAINLESS STEEL, TIGER ROOFING SHEETS, TIGER STRUCTURAL STEEL, and TIGERFOIL ALUMINIUM FOIL. The company’s registered office is located in Kolkata, West Bengal.

Shyam Metalics and Energy Limited has acquired a 26% equity stake in Emerge Green Power Private Limited (EGPPL) for ₹75,01,260 to secure renewable energy and reduce operational costs. The transaction, completed on June 18, 2026, involved the allotment of 26,000 equity shares and enables Shyam Metalics to qualify as a captive user under the Electricity Act, 2003. This status permits the company to consume solar power generated by EGPPL at a preferential tariff, thereby lowering overall energy expenditures for its manufacturing operations.

The acquisition was communicated to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Emerge Green Power Private Limited, incorporated on February 17, 2025, operates in the solar power generation sector and is yet to commence business operations. The company paid the consideration amount in a single tranche via RTGS. The shares were issued at a premium of ₹278.51 per share, with a face value of ₹10 each, aggregating the total investment of ₹75,01,260.

Strategic Impact and Objectives

The primary objective of this investment is to ensure a reliable, cost-efficient, and environmentally sustainable power supply for Shyam Metalics' energy-intensive industrial operations. Although the target entity operates in the renewable energy sector, which is distinct from Shyam Metalics' core steel and ferro alloy business, the acquisition aligns with its long-term strategy of integrating green energy solutions.

The company outlined several expected benefits from this strategic move:

• Reduce dependence on grid power and lower energy costs.
• Contribute to environmental goals through increased usage of green power.
• Improve EBITDA margins due to lower operational expenditure on power.
• Support compliance with regulatory norms and ESG frameworks.

Transaction Details

The following table summarizes the key details of the acquisition:

The transaction does not fall under the ambit of related party transactions, and the promoter or promoter group of Shyam Metalics holds no interest in EGPPL. No specific governmental or regulatory approvals were required for the completion of this acquisition.