Outcome of the Board meeting held on 07th January, 2026 Ref.: Regulation 30 of SEBI (LODR) Regulations, 2015
SHYAMCENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Shyam Century Ferrous Limited, at its meeting on January 7, 2026, gave 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. The move is subject to shareholder approval via Postal Ballot under Regulation 37A of SEBI LODR. Key financials disclosed: turnover of Rs. 11,314.61 lakhs and net worth of Rs. 10,621.27 lakhs as on March 31, 2025, with the assets contributing 100% of the company's revenue. No buyer has been identified yet, and the sale is outside any Scheme of Arrangement.
This is a significant corporate event as the company is looking to divest its entire revenue-generating operations, which could fundamentally change the business profile of the company. Shareholders will need to approve the transaction via Postal Ballot; until a buyer is identified and terms are disclosed, the stock may see uncertainty.