Shyam Metalics And Energy Limited has informed the Exchange regarding Cessation of Mr Mahabir Prasad Agarwal as Chairman of the company w.e.f. May 09, 2025.
SHYAMMETL · price
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The board approved audited FY25 consolidated results, posting revenue from operations of Rs. 15,137.50 crores (up ~15% YoY from Rs. 13,195.22 crores) and profit before tax of Rs. 1,241.19 crores (up ~32% YoY). Profit after tax stood at Rs. 909.26 crores versus Rs. 1,029.00 crores in FY24, where the dip is explained by a one-time tax credit in the prior year. A final dividend of Rs. 2.25 per share (22.5% of face value) was recommended, subject to shareholder approval. Founder and Chairman Mr. Mahabir Prasad Agarwal resigned as Chairman and Non-Executive Director citing personal reasons, effective May 9, 2025, and was conferred the honorary title of Chairman Emeritus. Mr. Brij Bhushan Agarwal was re-designated from Vice-Chairman & Managing Director to Chairman & Managing Director effective May 10, 2025, with shareholder approval to be sought via postal ballot. The board also appointed Ernst & Young LLP as internal auditors, MKB & Associates as secretarial auditors for five years, and BSS & Associates as cost auditors for FY26.
Orderly succession within the promoter family keeps control intact and avoids governance uncertainty for shareholders; the FY25 results show healthy revenue and operating profit growth, though headline PAT looks softer only because FY24 had a tax adjustment. Investors should watch for postal ballot outcome on the CMD elevation and monitor margin trajectory given the significant depreciation increase.