Shyam Metalics And Energy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 26, 2025
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Shyam Metalics and Energy Limited held its 23rd AGM on August 26, 2025, via video conferencing, chaired by CMD Mr. Brij Bhushan Agarwal, with 128 shareholders in attendance. The meeting covered adoption of FY25 audited financial statements (standalone and consolidated), with the auditor's report containing no qualifications. Shareholders were asked to consider confirmation of an interim dividend of ₹2.25 per share and declaration of a final dividend of ₹2.25 per share for FY25 (total ₹4.50 per share for the year). Reappointment of Mr. Sanjay Kumar Agarwal and Mr. Deepak Agarwal (CFO), along with appointment of a new secretarial auditor for five years, were part of the agenda. Key approvals sought include a borrowing limit hike to ₹9,000 crores, loan/investment authorisation up to ₹9,000 crores, and fund-raising of up to ₹7,500 crores through securities and NCDs/bonds. Voting results will be filed with the exchanges in due course.
The combined dividend of ₹4.50 per share rewards shareholders, while the large borrowing and fund-raising clearances (potentially up to ₹16,500 crores in headroom) signal that the company is gearing up for significant capex, expansion or debt restructuring. Investors should watch the scrutinizer's voting report for shareholder sentiment on the fund-raising proposals.