Shyam Metalics And Energy Limited has informed the Exchange regarding 'Appointment of Mr. Mahabir Prasad Agarwal as Chairman Emeritus'.
SHYAMMETL · price
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Shyam Metalics' Board, at its May 9, 2025 meeting, approved FY25 consolidated revenue of ₹15,137.5 crore (up ~14.7% from ₹13,195.2 crore in FY24) with profit after tax of ₹909.3 crore. A final dividend of ₹2.25 per share (22.5% of face value) was recommended, subject to shareholder approval. Founder and Chairman Mr. Mahabir Prasad Agarwal stepped down from the Board for personal reasons and was conferred the honorary title of Chairman Emeritus in recognition of his contributions. His son, Mr. Brij Bhushan Agarwal, was elevated from Vice-Chairman & Managing Director to Chairman & Managing Director effective May 10, 2025, subject to postal ballot approval. The company also appointed Ernst & Young LLP as internal auditor for FY26, MKB & Associates as secretarial auditor for five years, and BSS & Associates as cost auditor. The statutory auditors (MSKA & Associates) issued an unmodified opinion on the financial results.
Continuity is preserved as leadership transitions from father to son within the promoter family, with no disruption to operations. The FY25 PAT appears lower year-on-year mainly because FY24 had an unusually large tax credit; underlying business growth is visible in revenue expansion. The dividend offers modest income, and the shift to a Big Four internal auditor (EY) signals strengthened governance.