Shyam Metalics and Energy Limited has notified stock exchanges regarding the structural conversion of its statutory auditor from a partnership firm to a Limited Liability Partnership (LLP) format. The company communicated this development to BSE Limited and National Stock Exchange of India Limited on January 15, 2026.

Auditor Firm Conversion Details

The statutory auditors M S K A & Associates, Chartered Accountants, formally converted their partnership firm into a Limited Liability Partnership under the provisions of the Limited Liability Partnership Act, 2008. The conversion became effective from January 13, 2026, as confirmed through their communication dated January 14, 2026.

Continuity of Audit Services

The auditing firm has provided assurance regarding the seamless continuation of their professional services. M S K A & Associates LLP confirmed that the structural conversion will have no impact or bearing on their ongoing audit responsibilities. The firm will continue to function and discharge their duties as statutory auditors of Shyam Metalics and Energy Limited for the remaining tenure of their current appointment without any interruption.

Regulatory Compliance

Company Secretary and Compliance Officer Birendra Kumar Jain communicated the conversion details to both major stock exchanges where the company is listed. The notification was sent to BSE Limited (Scrip Code: 543299) and National Stock Exchange of India Limited (Symbol: SHYAMMETL) as part of regulatory compliance requirements under Regulation 30.

About the Auditing Firm

M S K A & Associates LLP operates from multiple locations across India, with their registered office located at Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai. The firm maintains presence in major cities including Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Goa, Gurugram, Hyderabad, Kochi, Mumbai, and Pune. Partner Dipak Jaiswal signed the conversion notification letter on behalf of the firm.

The conversion represents a structural change in the auditing firm's legal status while ensuring continuity in professional audit services for the steel sector company.

Shyam Metalics & Energy executed a significant block trade on the National Stock Exchange (NSE), marking a notable institutional transaction in the steel and energy sector. The large-volume trade demonstrates continued institutional interest in the company's shares.

Transaction Details

The block trade involved substantial financial commitment from market participants, with the transaction structured to minimize market impact.

Understanding Block Trades

Block trades represent large-volume transactions executed outside regular market hours, typically involving institutional investors, mutual funds, or high-net-worth individuals. These transactions allow participants to trade significant quantities without causing immediate price volatility in the regular market.

The execution of such trades often indicates institutional confidence or strategic portfolio adjustments by large investors. For Shyam Metalics and Energy Ltd., this transaction reflects the continued institutional participation in the company's equity.

Market Implications

The block trade at ₹812.75 per share provides insight into institutional valuation of the company's shares. Such transactions are closely monitored by market participants as they can indicate institutional sentiment and potential future price movements, though they occur outside regular trading hours to minimize immediate market impact.