Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Shyam Metalics & Energy Ltd. ( (IN:SHYAMMETL) ) has issued an announcement.
Shyam Metalics and Energy Limited’s board has approved the unaudited standalone and consolidated financial results for the third quarter and nine months ended 31 December 2025, and will publish them on its website, signalling continued regulatory compliance and financial transparency. The board also cleared the voluntary liquidation of Shyam Metalics International DMCC, a non-operational step-down subsidiary in Dubai, citing geopolitical uncertainties and ongoing costs without strategic or commercial benefits, indicating a move to streamline the group structure and cut unproductive expenditures. Governance changes include the appointment of Subrata Bhattacharya as an additional independent director for a five-year term starting 1 February 2026, subject to shareholder approval via a postal ballot for which a cut-off date for e-voting has been fixed, underscoring the company’s focus on board strengthening and adherence to shareholder approval processes. Strategically, the board has sanctioned a major capex-led expansion across several projects: a wagon manufacturing facility at Kharagpur, blast furnace capacity expansions, a new 80MW power plant at Sambalpur and a large hot rolling mill and furnace, with commissioning timelines stretching to 2029, pointing to an aggressive capacity build-out aimed at deepening integration, capturing future demand and enhancing long-term competitive positioning in metals and infrastructure-linked sectors.
More about Shyam Metalics & Energy Ltd.
Shyam Metalics and Energy Limited is an Indian metals and energy company based in Kolkata, operating across the value chain in steel and allied products. Its portfolio spans power, ferro alloys, pellets, pig iron, billets, sponge iron, wire rod, wire, TMT and structural steel, aluminium foil, roofing products, stainless steel and ductile iron pipes, serving infrastructure, construction and industrial demand in domestic and export markets.
Average Trading Volume: 7,370
Technical Sentiment Signal: Hold
Current Market Cap: 224.3B INR
For detailed information about SHYAMMETL stock, go to TipRanks’ Stock Analysis page.