Shyam Metalics & Energy Limited has announced the results of its postal ballot conducted through remote e-voting, with all three proposed resolutions receiving approval from shareholders with the requisite majority. The company informed BSE and NSE about the results under Regulation 30 of SEBI Listing Regulations.

Postal Ballot Process Overview

The company conducted the postal ballot process from November 24 to December 23, with scrutinizer Mr. Raj Kumar Banthia submitting his report on December 24. The Board of Directors approved the postal ballot process on November 7, with the cut-off date for eligibility set as November 14.

Resolution-wise Voting Results

Resolution 1: Director Re-appointment

The re-appointment of Ms. Rajni Mishra as Independent Director for a second term of five years (February 12, 2026 to February 11, 2031) was approved as a Special Resolution.

Resolution 2: Remuneration Revision - Mr. Sheetij Agarwal

The revision in remuneration for Mr. Sheetij Agarwal, Whole-Time Director, was passed as an Ordinary Resolution with effect from April 1, 2026.

Resolution 3: Remuneration Revision - Mr. Dev Kumar Tiwari

The revision in remuneration for Mr. Dev Kumar Tiwari, Whole-Time Director, received overwhelming support as an Ordinary Resolution with effect from April 1, 2025.

Regulatory Compliance and Communication

The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, SEBI Listing Regulations, and MCA General Circular No. 03/2025. The company utilized the e-voting platform provided by National Securities Depositories Limited (NSDL) for the postal ballot process.

The postal ballot notice was dispatched electronically to all eligible shareholders by November 21, and public notices were published in The Financial Express, Aarthik Lipi, and Jansatta newspapers on November 22. Company Secretary Birendra Kumar Jain signed the regulatory filings submitted to both stock exchanges.

Shyam Metalics & Energy Limited (SMEL), a leading multi-metal conglomerate, has made a strategic move towards sustainable energy by acquiring a 26% stake in Emerge Green Power Private Limited (EGPPL). This acquisition, valued at ₹75.01 lakh, is coupled with a Solar Power Purchase Agreement, marking SMEL's commitment to renewable energy and cost-efficient operations.

Key Details of the Acquisition

• Investment: SMEL has subscribed to 26,000 equity shares of EGPPL at ₹288.51 per share (face value ₹10.00 plus premium of ₹278.51).
• Stake: The acquisition results in SMEL holding a 26% equity stake in EGPPL.
• Agreement: A Solar Power Purchase Agreement has been signed, positioning EGPPL as a captive generator supplying solar power to SMEL.
• Completion Timeline: The transaction is expected to be completed by May 11, 2026.

Strategic Implications

This move by Shyam Metalics is aligned with several strategic objectives:

1. Cost Reduction: The agreement aims to lower energy costs and reduce dependence on grid power.
2. Environmental Goals: Increased usage of renewable energy supports SMEL's environmental objectives.
3. Financial Performance: The company expects this initiative to improve EBITDA margins through lower operational expenditure on power.
4. Regulatory Compliance: The investment supports compliance with regulatory norms and ESG frameworks.

About Emerge Green Power Private Limited

EGPPL, incorporated in February 2025, is a newly formed entity focused on setting up and operating captive solar power generation plants. While the company is yet to commence business operations, it is poised to become an associate company of Shyam Metalics following this acquisition.

Market Context

This strategic investment comes at a time when the Indian steel industry is increasingly focusing on sustainability and cost-efficiency. Shyam Metalics, known for its integrated metal production with a focus on long steel products and ferro alloys, is positioning itself at the forefront of this trend.

The move towards captive solar power generation is particularly significant for energy-intensive industries like steel manufacturing. It not only addresses the growing emphasis on renewable energy adoption but also provides a hedge against volatile energy prices.

Conclusion

Shyam Metalics' investment in Emerge Green Power Private Limited represents a forward-thinking approach to energy management and sustainability in the metal production sector. As the company continues to expand its portfolio and optimize operations, this green energy initiative may serve as a model for other players in the industry looking to balance profitability with environmental responsibility.

Investors and industry observers will likely watch closely to see how this strategic move impacts Shyam Metalics' operational efficiency and financial performance in the coming years.