Shyam Century Ferrous Limited has announced significant corporate developments following its board meeting held on January 7, 2026. The company's board of directors has given in-principle approval for the disposal of substantially all company assets and authorized a postal ballot process to seek shareholder approval for this major transaction.

Board Approves Asset Disposal Plan

The board of directors, acting on recommendations from the audit committee, has approved the sale, lease, or disposal of substantially all company assets. This comprehensive disposal includes plant & machinery, furniture & fixtures, electrical installations, and all manufacturing rights and approvals. The approval is contingent upon obtaining shareholder consent as required under Regulation 37A of the SEBI Listing Obligations and Disclosure Requirements Regulations.

Postal Ballot Authorization

The board has authorized the company secretary to conduct all necessary procedures for organizing a postal ballot in accordance with Section 110 of the Companies Act, 2013, and relevant SEBI regulations. This postal ballot will be used to obtain shareholder approval for the proposed asset disposal transaction.

Financial Impact and Company Details

The company has provided comprehensive financial disclosures as required under SEBI regulations. The proposed transaction will have significant impact on the company's operations, representing the disposal of substantially all assets.

Transaction Status and Buyer Identification

Currently, the company is in the process of identifying potential buyers for the proposed asset disposal. The transaction will be conducted outside any scheme of arrangement, necessitating compliance with Regulation 37A of the listing regulations. Key transaction details remain to be determined:

• No sale agreement has been finalized yet
• Expected completion date is not yet determined
• Consideration amount is yet to be decided
• Buyer identification process is ongoing

Regulatory Compliance

The company has ensured full compliance with SEBI disclosure requirements, providing detailed information pursuant to multiple regulatory circulars including SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and subsequent master circulars from July 2023 and November 2024. All relevant information has been uploaded to the company's website and communicated to both NSE and BSE.

The board meeting outcome represents a significant strategic decision for Shyam Century Ferrous Limited, with the postal ballot process expected to determine shareholder sentiment regarding this comprehensive asset disposal plan.

Shyam Century Ferrous Limited , a key player in the ferrous industry, has recently witnessed a significant change in its shareholding structure. According to a disclosure made under SEBI regulations for substantial acquisition of shares and takeovers, Mahabir Prasad Agarwal and persons acting in concert (PACs) have reduced their stake in the company through a series of open market transactions.

Key Details of the Transaction

Impact on Shareholding

The series of transactions has resulted in a notable decrease in the collective holding of Mahabir Prasad Agarwal and his associates. Their stake in Shyam Century Ferrous Limited has reduced from 21.29% to 19.21%, marking a decrease of 2.08 percentage points.

Company Share Capital

Despite this change in shareholding, the equity share capital of Shyam Century Ferrous Limited remains unchanged at 21,21,72,990 shares.

Regulatory Compliance

The disclosure of this transaction aligns with the regulatory requirements set by the Securities and Exchange Board of India (SEBI). Such disclosures are mandated under SEBI regulations to ensure transparency in substantial acquisitions of shares and takeovers, providing investors with crucial information about significant changes in company ownership.

Implications for Investors

While the reasons behind this reduction in stake have not been disclosed, such movements in shareholding patterns can often signal various strategic decisions or changes in investor sentiment. Shareholders and potential investors in Shyam Century Ferrous Limited may want to keep a close eye on any further developments or disclosures from the company or its major shareholders.

Investors are advised to conduct their own research and consider multiple factors before making investment decisions based on changes in shareholding patterns.