Meeting Details

The 24th Annual General Meeting was held on Tuesday, 25th August 2026 at 03:00 P.M. (IST) through Video Conferencing / Other Audio-Visual Means (VC/OAVM). The meeting was convened in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, and in compliance with the Companies Act, 2013 and SEBI LODR Regulations, 2015.

Attendance and Participation

  • Mr. Brij Bhushan Agarwal, Chairman and Managing Director, chaired the meeting
  • Total 119 shareholders attended through video conferencing
  • All directors of the company were present through VC from their respective locations
  • Chairmen of Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee were present
  • Representatives of M/s. MSKA & Associates LLP (Statutory Auditors) and M/s. MKB & Associates (Secretarial Auditors) attended virtually
  • Mr. Raj Kumar Banthia, Partner MKB & Associates, served as Scrutinizer for the voting process

Resolutions Considered

Ordinary Business:

1. Consideration and adoption of Audited Financial Statements (both Standalone and Consolidated) for financial year ended 31st March 2026, together with Director's Report and Auditor's Report - Ordinary Resolution

2. Confirmation of payment of Interim Dividend @ 18% (₹1.80 per equity share) paid on 22nd July 2025 and declaration of Final Dividend @ 27% (₹2.70 per equity share) for FY ended 31st March 2026 - Ordinary Resolution

3. Re-appointment of Mr. Sheetij Agarwal (DIN: 08212992) who retires by rotation under Section 152(6) of Companies Act, 2013 - Ordinary Resolution

Special Business:

4. Ratification of remuneration payable to the Cost Auditor for Financial Year 2026-27 - Ordinary Resolution

5. Consideration and fresh approval of funds amounting to ₹4500 Crores - Special Resolution

Voting Process and Methods

The company provided remote e-voting facility to all shareholders as of Tuesday, 18th August 2026 (cut-off date). The remote e-voting period was from 9:00 a.m. on 21st August 2026 to 5:00 p.m. on 24th August 2026. Shareholders who had not voted through remote e-voting could cast votes using e-voting facility during the AGM, with the voting window remaining open for an additional 15 minutes after conclusion of discussions.

Voting Results and Scrutinizer Report

The voting results in the prescribed format under Regulation 44(3) of SEBI LODR Regulations and the Scrutinizer's report under Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014 were not available at the time of this disclosure but will be submitted in due course within prescribed timelines. The results will be declared on the company website and stock exchanges/NSDL.

Chairman's Address and Key Highlights

Mr. Brij Bhushan Agarwal covered several topics in his address:

  • Global and Domestic Macro-Economic Landscape
  • Steel and Metal Industry Overview
  • Financial Performance during FY 2025-26
  • Strategic and Operational Progress
  • People and Organisational Capability
  • Sustainability and Social Impact
  • Vision 2031 and the Next Phase

The Chairman expressed expectations that the company's topline and EBITDA could scale to nearly one-and-a-half times current levels in coming years as the strategic journey from "Ore to Metal" to "Metal to Value" gains momentum.

Additional Proceedings

  • Statutory Registers and relevant documents were accessible in electronic mode throughout the meeting
  • Notice convening the meeting and Auditors' Report were taken as read with consent of members
  • The Auditors' Report was confirmed to contain no qualifications with adverse effect on company functioning
  • Members were invited to express views, ask questions, and seek clarifications during proceedings
  • All questions were answered by Mr. Deepak Agarwal, Director-Finance & CFO, after e-voting process

Meeting Duration and Conclusion

The meeting commenced at 3:00 P.M. (IST) and concluded at 4:36 P.M. (IST). The Chairman concluded by thanking Central and State Governments, Stock Exchanges, SEBI, MCA, Shareholders, Investors, Lenders, suppliers, customers, and employees for their consistent support.

Compliance and Signatories

This disclosure is signed by Birendra Kumar Jain, Company Secretary & Compliance Officer (Membership No. F13320), confirming compliance with applicable regulations. The intimation is also available on the company website www.shyammetalics.com.