Shyam Metalics And Energy Limited has informed the Exchange regarding Appointment of Mr Brij Bhushan Agarwal as Chairman of the company w.e.f. May 10, 2025.
SHYAMMETL · price
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Shyam Metalics' board met on May 9, 2025 and approved audited financial results for FY25. Consolidated revenue from operations rose to ₹15,137.50 crore from ₹13,195.22 crore, while profit after tax was ₹909.26 crore (down from ₹1,629.00 crore, which had benefited from a one-time tax adjustment). A final dividend of ₹2.25 per share (22.50% of face value) was recommended. Founder and Chairman Mr. Mahabir Prasad Agarwal stepped down as Chairman and Non-Executive Director for personal reasons and was conferred the title of Chairman Emeritus. His son, Mr. Brij Bhushan Agarwal, was redesignated from Vice-Chairman & MD to Chairman & Managing Director effective May 10, 2025, subject to shareholder approval via postal ballot. The company also appointed Ernst & Young LLP as internal auditor, MKB & Associates as secretarial auditor (5-year term), and BSS & Associates as cost auditor. Statutory auditor MSKA & Associates issued an unmodified opinion on the results.
This is a smooth leadership transition within the promoter family, with continuity ensured as the son was already Vice-Chairman & MD. The lower FY25 profit is largely due to a base-effect from prior-year tax credits rather than operational weakness, and revenue growth of ~15% is positive. Shareholders get a ₹2.25 dividend, and the appointments of top-tier auditors like EY strengthen governance optics.