Shyam Metalics Holds 24th AGM: Approves FY26 Financials, Dividends, and ₹4500 Cr Funding
Shyam Metalics held its 24th AGM on August 25, 2026. The company approved FY26 financials and dividends, including an interim dividend of 18% and a final dividend of 27%. Shareholders also approved seeking fresh funds amounting to ₹4500 Crores. The Chairman expressed optimism about future growth.
The approval of ₹4500 Crores funding is a material event that could significantly impact the company's future expansion and operations. The dividend approval is also positive for shareholders.
The AGM proceedings were smooth, with key financial approvals and a significant funding approval, indicating positive future outlook and shareholder confidence.
Shyam Metalics and Energy Limited convened its 24th Annual General Meeting (AGM) on Tuesday, August 25, 2026, at 3:00 P.M. IST, conducted through Video Conferencing / Other Audio-Visual Means (VC/OAVM). The meeting was chaired by Mr. Brij Bhushan Agarwal, Chairman and Managing Director, with 119 shareholders attending virtually.
The agenda included the adoption of the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026, along with the Director’s and Auditor’s Reports. Shareholders also confirmed the interim dividend of 18% (₹1.80 per equity share) paid on July 22, 2025, and approved a final dividend of 27% (₹2.70 per equity share) for FY 2025-26. Additionally, Mr. Sheetij Agarwal, who retired by rotation, was re-appointed as a director.
Key special business transacted included the ratification of remuneration for the Cost Auditor for FY 2026-27 and seeking fresh approval for funds amounting to ₹4500 Crores. The Chairman, in his address, highlighted the company’s growth aspirations, expecting topline and EBITDA to scale significantly, driven by the strategic shift from “Ore to Metal” to “Metal to Value.”
The remote e-voting facility was available from August 21, 2026, to August 24, 2026, for shareholders as of August 18, 2026. The AGM commenced at 3:00 P.M. IST and concluded at 4:36 P.M. IST. The voting results and the Scrutinizer’s Report will be submitted in due course.
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