Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Shyam Metalics and Energy Limited

Meeting Details

The 24th Annual General Meeting was held on Tuesday, 25th August, 2026, from 03:00 PM to 04:36 PM IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted remotely without physical attendance in compliance with MCA circulars.

Proposed Resolutions and Implications

Five resolutions were proposed and approved:

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

2. Ordinary Resolution: Confirmation of payment of Interim Dividend @18% i.e. ₹1.80 per equity share declared on 22nd July 2025, and declaration of Final Dividend @27% i.e. ₹2.70 per equity share of ₹10 each for FY2025-26

3. Ordinary Resolution: Appointment of Mr. Sheetij Agarwal (DIN: 08212992) as Director who retires by rotation under Section 152(6) of Companies Act 2013

4. Ordinary Resolution: Ratification of remuneration payable to M/s. BSS & Associates, Cost Auditors (Firm Registration No. 001066) for Financial Year 2026-27

5. Special Resolution: Fresh approval for raising funds of an aggregate amount not exceeding ₹4,500 crore (Rupees Four Thousand Five Hundred Crore only)

Voting Process and Methods

The Company provided remote e-voting facility through National Securities Depository Limited (NSDL) to shareholders. The voting period commenced at 9:00 AM IST on Friday, 21st August 2026, and ended at 5:00 PM IST on Monday, 24th August 2026. Electronic voting was also available during the AGM for shareholders who did not cast votes through remote e-voting.

Key Voting Outcomes

Overall Participation

  • Record Date: 18th August 2026
  • Total number of shareholders on record date: 101,396
  • Total votes cast: 239,121,677 shares (85.6662% of outstanding shares)
  • Number of shareholders who voted: 391 (384 through remote e-voting, 7 electronically during AGM)
  • Promoters present through VC: 14
  • Public shareholders present through VC: 105

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Total votes in favor: 239,097,223 (99.9960%)
  • Total votes against: 9,537 (0.0040%)
  • Promoter & Promoter Group: 208,194,565 votes (100% in favor)
  • Public Institutions: 11,574,114 votes (99.9223% in favor, 9,000 against)
  • Public Non-Institutions: 19,328,544 votes (99.9972% in favor, 537 against)

Resolution 2 - Dividend Declaration

  • Total votes in favor: 239,124,687 (99.9998%)
  • Total votes against: 487 (0.0002%)
  • Promoter & Promoter Group: 208,194,565 votes (100% in favor)
  • Public Institutions: 11,598,031 votes (100% in favor)
  • Public Non-Institutions: 19,332,091 votes (99.9975% in favor, 487 against)

Resolution 3 - Director Appointment

  • Total votes in favor: 230,551,235 (96.4159%)
  • Total votes against: 8,570,442 (3.5841%)
  • Promoter & Promoter Group: 208,194,565 votes (100% in favor)
  • Public Institutions: 3,029,378 votes (26.1198% in favor, 8,568,653 against)
  • Public Non-Institutions: 19,327,292 votes (99.9907% in favor, 1,789 against)

Resolution 4 - Cost Auditor Remuneration

  • Total votes in favor: 239,121,005 (99.9997%)
  • Total votes against: 672 (0.0003%)
  • Promoter & Promoter Group: 208,194,565 votes (100% in favor)
  • Public Institutions: 11,598,031 votes (100% in favor)
  • Public Non-Institutions: 19,328,409 votes (99.9965% in favor, 672 against)

Resolution 5 - Fund Raising Approval

  • Total votes in favor: 235,198,739 (98.3594%)
  • Total votes against: 3,922,938 (1.6406%)
  • Promoter & Promoter Group: 208,194,565 votes (100% in favor)
  • Public Institutions: 7,675,675 votes (66.1808% in favor, 3,922,356 against)
  • Public Non-Institutions: 19,328,499 votes (99.9970% in favor, 582 against)

Scrutinizer's Role and Findings

Mr. Raj Kumar Banthia, Practicing Company Secretary (Membership No. 17190) of MKB & Associates (Firm Reg No: P2010WB042700), was appointed as Scrutinizer by the Board of Directors on 20th July 2026. His responsibilities included:

  • Scrutinizing the remote e-voting and electronic voting process
  • Counting votes cast electronically at the meeting first, followed by unblocking remote e-votes in presence of witnesses (Ms. Khushi Nangalia and Ms. Shriya Jaiswal)
  • Deriving voting details from NSDL's e-voting system (www.evoting.nsdl.com)
  • Certifying that all 391 votes cast were valid
  • Confirming that all five resolutions were passed with requisite majority

The scrutinizer's report was issued to the company on 26th August 2026.

Compliance with Laws and Regulations

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 and 21 of the Companies (Management & Administration) Rules, 2014 as amended
  • Regulation 44 of SEBI LODR Regulations, 2015
  • Relevant circulars issued by MCA and SEBI
  • Secretarial Standards on General Meetings

Additional Information

  • Company Registered Office: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal - 700088
  • GSTIN: 19AAHCS5842A1ZE
  • Total outstanding shares: 279,131,853
  • No invalid votes were recorded across any shareholder category