Shyam Metalics And Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 26, 2025
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Shyam Metalics and Energy Limited has called its 23rd Annual General Meeting on Tuesday, 26th August 2025 at 3:00 PM, to be held entirely through video conferencing. Shareholders will vote on adopting the FY25 audited financial statements, confirming the interim dividend of ₹2.25 per share (already paid on 28 January 2025), and approving a final dividend of ₹2.25 per share, taking total FY25 dividend to ₹4.50 per share on a ₹10 face value. Ordinary business includes re-appointing two directors (Sanjay Kumar Agarwal and Deepak Agarwal), ratifying the cost auditor's fee of ₹55,000 for FY26, and appointing MKB & Associates as secretarial auditor for five years (FY26–FY30). The key special resolutions seek approval to raise up to ₹4,500 crore through equity or convertible securities (including QIP), ₹3,000 crore via non-convertible debentures or bonds, and to enhance the overall borrowing limit to ₹9,000 crore and Section 186 investment limit to ₹9,000 crore.
The large-scale fund-raising proposals — up to ₹4,500 crore via equity-linked instruments and ₹3,000 crore via NCDs — alongside a higher ₹9,000 crore borrowing cap point to significant expansion, capex, or refinancing plans, with possible equity dilution risk if the QIP/preferential route is used. The steady ₹4.50 per share total dividend is a positive for income-focused investors, and AGM voting results on the fund-raising items will be key events to watch.