Shyam Metalics and Energy Ltd

The proposed expansion plan will be placed before the Board of Directors for the formal approval at its forthcoming meeting. The company will invest Rs 900 crore in an 8,00,000 TPA Special Bar Quality (SBQ) and Specialty Wire Rod & Bar Mill. The project will enable entry into premium steel categories with stronger realizations and higher-margin applications across automotive, engineering, infrastructure, and industrial segments The investment is expected to increase the share of high-realisation value-added products, Improve blended product margins, support incremental topline growth from premium segments and open opportunities in export-oriented and precision steel markets. In addition, the company is advancing its stainless steel growth strategy with a further Rs 1,800 crore investment to expand stainless steel capacity. Key downstream additions under the expansion include an expanded stainless steel melt shop, capacity enhancement in the hot strip mill, a major cold rolling expansion, a new reversible cold rolling mill, a hot rolled annealing and pickling line, a cold annealing and pickling line, and a bright annealing line. With these additions, cumulative investment in the stainless steel segment will increase from Rs 1,030 crore to Rs 2,830 crore This investment is in addition to the company's previously announced Rs 16,060 crore capex pipeline, of which around Rs 8,700 crore has already been invested. The remaining balance is under phased execution over the next three to four years, reinforcing the company's long-term growth roadmap focused on capacity-led topline expansion and profitability enhancement. Brij Bhushan Agarwal, chairman and managing director, Shyam Metalics and Energy, said, 'This marks the next phase of Shyam Metalics' evolution from scaleled growth to value-led growth. Our objective is not simply to add capacity, but to build stronger positions in sophisticated, higher-margin product categories that can drive sustainable returns over the long term. The investments in specialty steel and advanced stainless downstream products will help us move further up the value chain, support import substitution, and strengthen India's manufacturing capabilities. Importantly, these expansions are being funded entirely through internal accruals, reflecting both our balance sheet strength and disciplined approach to growth.' Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. The company's consolidated net profit fell 0.2% marginally to Rs 197.24 crore in Q3 FY26 compared with Rs 197.71 crore in Q3 FY25. Net sales jumped 17.7% YoY to Rs 4421.46 crore in Q3 FY26.

Shyam Metalics & Energy (SMEL) today unveiled a Rs 2,700 crore strategic growth expansion programme. The investment will be funded entirely through internal accruals and is aimed at expanding higher-margin product offerings, driving incremental topline growth, and strengthening long-term earnings quality. The proposed expansion plan will be placed before the Board of Directors for the formal approval at its forthcoming meeting. This investment is in addition to the Company's previously announced Rs 16,060 crore capex pipeline, of which approximately Rs 8,700 crore has already been invested. The remaining balance is under phased execution over the next 3 to 4 years, reinforcing a long-term growth roadmap focused on capacity-led topline expansion alongside profitability enhancement. Commenting on the developments, Brij Bhushan Agarwal, Chairman and Managing Director, Shyam Metalics and Energy, said, 'This marks the next phase of Shyam Metalics' evolution from scale led growth to value-led growth. Our objective is not simply to add capacity, but to build stronger positions in sophisticated, higher-margin product categories that can drive sustainable returns over the long term. The investments in specialty steel and advanced stainless downstream products will help us move further up the value chain, support import substitution, and strengthen India's manufacturing capabilities. Importantly, these expansions are being funded entirely through internal accruals, reflecting both our balance sheet strength and disciplined approach to growth. We are confident that the integration of these stainless steel offerings will catalyze manifold growth in both our topline and profit margins. With these projects, we are building a stronger, more resilient and globally competitive metals platform, one that is aligned with India's industrial ambitions while delivering long-term value for customers, communities and shareholders.'

Shyam Metalics & Energy will hold a meeting of the Board of Directors of the Company on 11 May 2026.

Shyam Metalics & Energy has expanded its production capabilities at its Pakuria facility with the addition of new equipment as part of its ongoing focus on improving operations and meeting growing demand. The Company has successfully commissioned and commenced commercial production from two new Annealing Furnaces. One plant is of 25 MT p.a. while other one is of 30 MT p.a. capacity. It will help to streamline the annealing process and improve production efficiency. These furnaces are expected to support better consistency in output and overall product quality. Alongside this, Shyam Metalics has commissioned a 2300 mm Vertical Foil Separator (LGSS). This equipment enables accurate separation of Ultra-Light Gauge (ULG) and Light Gauge (LG) foil, covering a thickness range of 6 to 15 microns. This addition will help the Company to cater the customers with more specialised requirements and with greater precision. Together, these upgrades will improve process control and strengthen manufacturing capabilities at the Pakuria unit, while supporting the Company's efforts to expand its value-added product offerings.

The company has commenced commercial production from two new annealing furnaces with capacities of 25 MT per annum and 30 MT per annum, respectively. These additions are expected to streamline the annealing process, improve production efficiency, and ensure greater consistency in output and product quality. In addition, the company has commissioned a 2,300 mm vertical foil separator (LGSS), which enables precise separation of ultra-light gauge (ULG) and light gauge (LG) foil across a thickness range of 6 to 15 microns. This development will allow the company to cater to specialized customer requirements with improved precision. The combined upgrades are expected to enhance process control and strengthen manufacturing capabilities at the Pakuria unit, while supporting the company's strategy to expand its value-added product portfolio. Brij Bhushan Agarwal, chairman & managing director, Shyam Metalics and Energy, said, We are continuously working on strengthening our operations through targeted upgrades and better processes. The additions at Pakuria will help us improve efficiency and deliver more consistent, high-quality products to our customers. As demand evolves, we are focused on building the right capabilities to respond quickly and effectively. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. On a year-on-year (YoY) basis, the company's net profit declined marginally by 0.23%, while revenue from operations jumped 17.70% in Q3 FY26.

Shyam Metalics & Energy announced the successful commissioning of Phase II of its Cold Rolling Mill (CRM) facility for colour coated sheets at its Jamuria plant in West Bengal. The facility, operated by its wholly owned subsidiary, Shyam Sel & Power (SSPL), has commenced commercial production effective 16 April 2026. Phase II comprises an advanced processing Dual Pot GI cum Galvalume (GL) line with a capacity of 0.15 million tonnes per annum (MTPA), significantly enhancing the Company's product range and technical capabilities. This expansion marks a critical step towards catering to more demanding and precision-driven applications across industries. With this incremental capacity, the total installed capacity of the CRM facility reached to 0.40 MTPA. This includes the existing Phase I capacity of 0.25 MTPA and the newly commissioned Phase II capacity, further strengthening the Company's footprint in the value-added steel segment. With this development, Shyam Metalics is now strategically positioned to cater the solar energy sector, particularly in the manufacturing of mounting structures for solar panels, an area that was previously heavily dependent on imports. By addressing this gap, the Company is actively contributing to India's vision of self-reliance and domestic manufacturing excellence. The Phase II expansion also aligns with the Government of India's Production Linked Incentive (PLI) Scheme - PLI 2, reinforcing Shyam Metalics' commitment to national initiatives aimed at boosting advanced manufacturing and reducing import dependency. In addition to renewable energy applications, the enhanced facility will cater to a broader spectrum of high-growth sectors, including automotive and consumer durables/appliances, where demand for high-quality, precision-engineered steel continues to rise and has been primarily import-dependent

The average realisation of stainless steel increased 19.01% YoY to Rs 1,52,633 per MT in March 2026. The sales volume of aluminium foil rose 8.51% YoY to 2,160 MT, with the average realisation increasing by 18.48% YoY to Rs 4,26,108 per MT in March 2026. Speciality alloys sales volume stood at 20,130 MT in March 2026, marking an 8.64% YoY increase. The average realisation also increased 12.88% YoY to Rs 1,00,363 per MT. Carbon steel sales volume rose 3.09% YoY to 1,55,938 MT while average realisation increased 3.74% to Rs 46,719 per MT in March 2026. The sponge iron sales volume declined 2.33% YoY to 81,083 MT in March 2026 from 83,021 MT in March 2025, while average realisation increased 1.98% YoY to Rs 25,656 per MT. Pellet sales volume jumped 44.31% YoY to 1,06,917 MT in March 2026, while the average realisation rose 10.92% YoY to Rs 9,771 per MT. CR Coil/CR Sheets sales volume surged 94.78% YoY to 16,080 MT in March 2026. Additionally, the average realisation increased 18.56% YoY to Rs 81,016 per MT. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferroalloys. The company is among the largest producers of ferro alloys, one of the leading players in terms of pellet capacity, and the fourth-largest player in the sponge iron industry in terms of sponge iron capacity in India. The company reported a 24.64% quarter-on-quarter (QoQ) decline in consolidated net profit to Rs 197.24 crore in Q3 FY26, compared with Rs 261.76 crore in Q2 FY26. Revenue from operations declined 1.02% QoQ to Rs 4,421.46 crore for the quarter ended 31 December 2025.

Revenue from operations declined 1.02% QoQ to Rs 4,421.46 crore for the quarter ended 31 December 2025. On a year-on-year (YoY) basis, the company's net profit declined marginally by 0.23%, while revenue from operations jumped 17.70% in Q3 FY26. Total expenses increased 19.20% YoY to Rs 3,934.35 crore in Q3 FY26. The cost of raw materials consumed stood at Rs 3,251.07 crore, registering a growth of 6.77% YoY. Employee benefit expenses amounted to Rs 125.52 crore, up 14.24% YoY. Profit before tax (PBT) stood at Rs 270.04 crore in the December quarter, up 2.64% from Rs 263.09 crore recorded during the same period last year. EBITDA stood at Rs 539 crore, registering a growth of 6.3% from Rs 507 crore in the corresponding quarter last year. However, the EBITDA margin declined to 12.2% in Q3 FY26 from 13.5% in Q3 FY25. On a nine-month basis, the company's consolidated net profit increased 8.96% YoY to Rs 751.15 crore, while revenue jumped 20.89% YoY to Rs 13,311.85 crore in 9M FY26 compared with 9M FY25. Brij Bhushan Agarwal, chairman & managing director said 'Shyam Metalics has delivered another exceptional quarter, with Q3 FY26 delivering a strong 25% volume growth and 18% growth in revenues. Over the nine months, we have achieved significant growth in both topline and EBITDA, reflecting the effectiveness of our strategic initiatives and our sustained focus on operational excellence in a constantly evolving market environment. We continue to expand our share of value-added products, further strengthening our competitive position and improving our profitability. This underscores our ability to execute with precision and agility. I am also pleased to announce that the board has approved fresh capital investment of Rs. 6,660 crores to drive value-added growth and enhance margins. The planned CAPEX will be directed towards capacity expansion and strengthening the Company's integrated operating model. These investments are aligned with our strategy of deepening backward integration, improving cost competitiveness and building scale to support the next phase of growth. During the quarter, we successfully commissioned and commenced commercial production of 0.45 MTPA blast furnace at our Kharagpur plant. This milestone significantly enhances our steelmaking capacity. Strengthens our integrated manufacturing footprint and supports our long-term growth ambitions. With disciplined execution, prudent capital allocation and strategic diversification, we are confident of closing FY26 on a strong note. Our continued focus on innovation and financial discipline will guide us to shape our growth momentum and strengthen our position as an industry leader.' Meanwhile, the company's board of directors has approved the voluntary liquidation of Shyam Metalics International DMCC (SMIDMCC), a wholly owned subsidiary of Shyam SEL and Power Limited (SSPL) and a step-down subsidiary of the company, incorporated in Dubai, UAE. The decision was taken as the proposed business activities of SMIDMCC could not be materialised due to prevailing geopolitical uncertainties. Since its incorporation, SMIDMCC has remained non-operational and has not commenced any business activities. Consequently, the entity continues to incur recurring operational and statutory compliance costs without generating any commercial or strategic benefits, rendering it financially and strategically unviable. In addition, the Board has approved the appointment of Subrata Bhattacharya as an additional director in the Independent category, not liable to retire by rotation, for a period of five consecutive years, commencing from 1 February 2026 to 31 January 2031. The company affirmed that the director is not debarred from holding the office of director by virtue of any SEBI order or any other authority. Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. The counter rose 1.38% to Rs 789.35 on the BSE. Powered by Capital Market - Live

Net profit of Shyam Metalics & Energy declined 0.24% to Rs 197.24 crore in the quarter ended December 2025 as against Rs 197.71 crore during the previous quarter ended December 2024. Sales rose 17.71% to Rs 4421.46 crore in the quarter ended December 2025 as against Rs 3756.27 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales4421.463756.27 18 OPM %11.0212.13 - PBDT487.96465.80 5 PBT270.04263.09 3 NP197.24197.71 0 Powered by Capital Market - Live

Shyam Metalics & Energy will hold a meeting of the Board of Directors of the Company on 24 January 2026.Powered by Capital Market - Live