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 shared an update.
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, which have been reviewed by the audit committee and the statutory auditors and will be made available on the company’s website. The board also authorised the voluntary liquidation of Shyam Metalics International DMCC, a non-operational step-down subsidiary in Dubai whose proposed business could not materialise due to geopolitical uncertainties and which has been incurring recurring costs without generating strategic or commercial benefits, signalling a rationalisation of the group’s overseas structure. In a move to strengthen governance, the board approved the appointment of Subrata Bhattacharya as an additional independent director for five years, subject to shareholder approval via a postal ballot to be conducted through remote e-voting, with 6 February 2026 set as the cut-off date for voting eligibility. Additionally, the company unveiled a substantial capital expenditure-driven expansion plan across its facilities, including a wagon manufacturing plant at Kharagpur, expansions of blast furnace capacity, a new 80 MW power plant at Sambalpur, and a large hot rolling mill and furnace project, together aimed at enhancing capacity, downstream integration and long-term growth, with commissioning timelines stretching up to September 2029.
More about Shyam Metalics & Energy Ltd.
Shyam Metalics and Energy Limited is an Indian metals and energy company based in Kolkata, operating across a diversified product portfolio that includes power, ferro alloys, pellets, pig iron, billets, sponge iron, wire rod, TMT and structural steel, aluminium foil, roofing products, stainless steel and ductile iron pipes. The company is listed on both BSE and NSE and focuses on integrated metal manufacturing and value-added steel and aluminium products for domestic and export markets.
Average Trading Volume: 7,370
Technical Sentiment Signal: Hold
Current Market Cap: 224.3B INR
For a thorough assessment of SHYAMMETL stock, go to TipRanks’ Stock Analysis page.