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The latest announcement is out from Shyam Metalics & Energy Ltd. ( (IN:SHYAMMETL) ).
Shyam Metalics and Energy Limited has clarified that a previously announced exercise of employee stock options under its 2023 SMEL Loyalty ESOP Scheme could not be completed in October 2025 due to technical issues and that no shares were allotted at that time. The company has now received fresh exercise requests from five eligible employees for 216,000 options, which have been approved by the Nomination and Remuneration Committee for conversion into equity shares once the trading window reopens on 27 January 2026, with options priced at a 50% discount to the September 2023 market price and administered via an ESOP trust that acquires shares from the secondary market, signalling continued use of equity-based incentives to retain and reward key staff without imposing a lock-in on newly allotted shares.
More about Shyam Metalics & Energy Ltd.
Shyam Metalics and Energy Limited is an Indian metals and energy company engaged in manufacturing TMT rebars, structural steel, stainless steel, roofing sheets and aluminium foil, with a presence in both long and flat steel products. The company is listed on BSE and NSE and targets infrastructure, construction and industrial end-markets from its base in Kolkata, West Bengal.
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.