Shyam Metalics and Energy Limited — Others, 09-05-2025: Cessation

Shyam Metalics and Energy Limited has announced a board meeting outcome approving the audited consolidated and standalone financial results for the quarter and year ended March 31, 2025, with a clean audit opinion. A final dividend of ₹2.25 per equity share is proposed, pending shareholder approval. Mr. Mahabir Prasad Agarwal resigned as Chairman and Non-Executive Director, taking the title of Chairman Emeritus, while Mr. Brij Bhushan Agarwal was appointed Executive Chairman and Managing Director. The company appointed Ernst & Young LLP as Internal Auditor, MKB & Associates as Secretarial Auditor, and BSS & Associates as Cost Auditors for FY2025-26. New plants at the Jamuria unit have started operations to increase steel production.