In terms of recommendation of the Audit Committee, the Board of Directors of the Company at their meeting held today i.e., 7th January, 2026, has given in principle approval to sell, lease or otherwise dispose off whole or substantially the whole of the Company s assets including the Plant & Machinery, Furniture s & Fixtures, Electrical Installations etc. and all Manufacturing Rights/Approvals, if any. The aforesaid in principle approval is subject to the shareholders approval of the Company pursuant to Regulation 37A of the Listing Regulations.2. At the said meeting, the Board of Directors has authorized the Company Secretary to do all the things necessary for conducting Postal Ballot in accordance with Section 110 of the Companies Act, 2013, read with relevant rules and SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015 as amended, to seek approval of the shareholders for the above mentioned purpose.
SHYAMCENT · price
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Awaiting price reaction for this filing.
The Board of Directors of Shyam Century Ferrous Limited, on 7th January 2026, has given in-principle approval to sell, lease, or otherwise dispose off the whole or substantially the whole of the company's assets, including Plant & Machinery, Furniture & Fixtures, Electrical Installations, and all Manufacturing Rights and Approvals. The move is subject to shareholders' approval via a Postal Ballot under Regulation 37A of the Listing Regulations. Notably, the assets proposed for sale contribute 100% of the company's revenue (Rs. 11,314.61 Lakhs) and represent its entire net worth of Rs. 10,621.27 Lakhs as of 31st March 2025. No buyer has been identified yet, and no agreement or consideration has been disclosed at this stage. The sale is being done outside any Scheme of Arrangement.
This signals a potential full or near-complete exit from the company's existing business operations. The stock may see significant volatility as details of the buyer and deal valuation emerge. Shareholders will have a say via Postal Ballot, and any final sale price relative to the Rs. 10,621 Lakhs net worth will be a key value driver.