Appointment of Mr. Mahabir Prasad Agarwal as Chairman Emeritus
Awaiting price reaction for this filing.
Shyam Metalics and Energy Limited's board approved FY25 consolidated audited results with revenue from operations of ₹15,137.50 crore (vs ₹13,195.22 crore in FY24, up ~15%) and profit after tax of ₹909.26 crore (vs ₹1,029 crore in FY24, which had a one-time tax credit). A final dividend of ₹2.25 per share (22.5% of face value) was recommended for FY25, subject to shareholder approval. Founder and Chairman Mr. Mahabir Prasad Agarwal stepped down as Chairman and Non-Executive Director for personal reasons and was conferred the honorary title of Chairman Emeritus. His son Mr. Brij Bhushan Agarwal was re-designated from Vice-Chairman & Managing Director to Chairman & Managing Director. Statutory auditor MSKA & Associates gave an unmodified opinion, and new internal, secretarial, and cost auditors (E&Y LLP, MKB & Associates, BSS & Associates) were appointed for FY26.
A smooth internal succession within the promoter family, generally seen as governance-stable. Investors will note the modest YoY dip in net profit despite revenue growth and the 22.5% dividend payout as key takeaways.