Shyam Metalics And Energy Limited has submitted the Exchange a copy Srutinizers report and voting result 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, where all 11 resolutions were passed with overwhelming shareholder approval. Key outcomes include the adoption of FY25 audited financial statements, confirmation of a Rs 2.25 per share interim dividend (already paid on January 28, 2025) and a Rs 2.25 per share final dividend, totaling Rs 4.50 per share for FY25. Shareholders also approved the reappointment of Mr. Sanjay Kumar Agarwal (98.23% in favor) and Mr. Deepak Agarwal (99.80% in favor) as directors, ratification of cost auditor remuneration, and appointment of M/s MKB & Associates as secretarial auditor for five years (FY 2025-26 to FY 2029-30). Notably, special resolutions were cleared to enhance the borrowing limit to Rs 9,000 crores, raise funds up to Rs 4,500 crores through securities issuance, and issue NCDs/bonds up to Rs 3,000 crores. The voting turnout was about 90.68% of total shares, with 413 members casting valid votes out of 114,361 shareholders on record date.
The combined fund-raising capacity of up to Rs 7,500 crores (Rs 4,500 crore securities + Rs 3,000 crore NCDs) signals significant capital expenditure, expansion, or refinancing plans ahead, which could lead to share dilution or higher debt but also growth opportunities. The total FY25 dividend of Rs 4.50 per share reaffirms the company's shareholder-friendly payout policy, while the high voting approval on all resolutions reflects strong investor confidence in management's direction.