Shyam Metalics And Energy Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SHYAMMETL · price
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The Enforcement Directorate (ED) has issued a Provisional Attachment Order dated April 15, 2026, attaching certain investments worth Rs. 159.51 crore under the Prevention of Money Laundering Act. Of this, Rs. 152.48 crore relates to investments in corporate bonds and alternate investment funds held by Shyam Sel and Power Limited (SSPL), a wholly owned subsidiary of Shyam Metalics. The order stems from an investigation into alleged illegal coal mining and pilferage from Eastern Coalfields Limited (ECL) leasehold areas. The company states that no linkage was found between it and the alleged coal syndicate during the investigation. The attachment is provisional, for 180 days, and subject to confirmation by the Adjudicating Authority. The company has stated it will take appropriate legal recourse.
The potentially affected amount of Rs. 152.48 crore is marginal at just 1.44% of the company's consolidated net worth of Rs. 10,553 crore. There is no impact on operations. However, the negative headline around an ED attachment could create short-term pressure on the stock due to sentiment, even though the company denies any direct involvement.