Shyam Metalics and Energy Ltd

Dematerialisation/rematerialisation status

• Details of dematerialised/rematerialised securities were furnished to all stock exchanges.

Strategic mining rights

• Shyam Metalics Group acquires Phutamura Coal Block mining rights via Alom Solar Private Limited.
• Block spans 7.324 sq km with ~170 million tonnes coal reserves; production expected July 2027.
• Backward integration aims to secure stable, long-term, cost-efficient coal for captive power and steel.
• Chairman & Managing Director Brij Bhushan Agarwal described the milestone as strengthening self-reliance.
• Company installed capacity: 16.93 MTPA; captive power capacity 467 MW.

Shyam Metalics and Energy Limited: Trading window closed from Thursday, 1st October, 2026 till 48 hours after the declaration of the Unaudited Standalone as well as Consolidated Financial Results of the Company for the quarter ending on 30th September, 2026.

ESOP exercise details

• 57,900 stock options exercised on 27 Sep 2026 under ESOP II-2023.
• ESOP II-2023 grants total: 2,16,000 options to 5 eligible employees.
• Exercise price: ₹221 per option, 50% discount to grant-date market price.
• Vesting schedule: 40% after 1 year, 30% after 2 years, 30% after 3 years.
• Money realized on exercise: ₹1,27,95,900.
• Shares arising: 57,900 equity shares issued; 1:1 option-to-share; no lock-in.
• Exercise window: six months from commencement of vesting period.
• ESOP Trust: authorized to purchase shares from secondary market to facilitate exercises.

ESOP vesting update

• Vesting completed on completion of 3-year grant from Sept 27, 2023.
• Total grants: 17,000 options to 1 employee; 216,000 options to 5 employees.
• On Sept 27, 2026, vesting of 3,910 options under Scheme I and 3,910 under Scheme II.
• On Sept 27, 2026, vesting of 57,900 options under Scheme I and 57,900 under Scheme II.
• Total vested on that date: 123,620 options.
• Vesting is under ESOP-2023 sub-plans: Performance ESOP (Scheme I) and Loyalty ESOP (Scheme II).
• Exercisable within 1 year from vesting; some rows show a 6-month window for certain vestings.

ESOP vesting update

• 8,59,738 ESIP-2023 options granted to 62 employees.
• Vesting schedule: 20% first year, 23% second, 23% third, 34% fourth.
• 131,537 options vested effective Sept 25, 2026.
• Exercisable within 1 year from vesting via the exercise window.
• Exercise price ₹326; 25% discount to latest market price.
• ESOP administered via Trust; vested options convert to equity on exercise.
• No options exercised to date.
• Scheme complies with SBEB & SE Regulations, 2021.

ESOP exercise and allotment under ESOP I-2023

• NRC approved exercise and allotment of equity shares under ESOP I-2023.
• 8,76,738 options granted to 63 eligible employees under ESOP.
• Prices: ₹326 for 62 employees and ₹331 for 1 employee, 25% discount to market.
• Market price reference: latest NSE close with higher trading volume on 24-26 Sept 2023.
• Vesting schedule: 4-year vesting with 20%, 23%, 23%, 34%.
• Exercisable within 1 year from each vesting commencement.
• ESOP Trust administers grants; options vest per NRC eligibility.
• Equity shares allotted on exercise not subject to lock-in.
• Options exercised: 1,725; shares issued; proceeds ₹5,62,453.
• No options lapsed or varied; no EPS impact disclosed.

ESG rating disclosure

• ESG rating of 53 assigned to Shyam Metalics and Energy Limited by CRISIL ESG Ratings and Analytics Limited.
• Rating based on information/data available in the public domain.
• Rating submitted to stock exchanges by ERP and emailed to the company on 15 September 2026.
• The company did not engage CRISIL ESG Ratings and Analytics Limited; rating was done independently.
• Disclosure is available on the company website and dated September 16, 2026.

Sales/Volume Performance

• Stainless Steel: August FY27 qty 10,920 MT; YoY +16.44%, MoM +19.36%; Avg Realisation ₹1,83,032/MT; YoY +45.51%.
• Aluminium Foil: August FY27 qty 1,915 MT; YoY +27.41%, MoM +3.22%; Avg Realisation ₹4,85,471/MT; YoY +21.17%.
• Speciality Alloys: August FY27 qty 19,002 MT; YoY +27.97%, MoM +9.16%; Avg Realisation ₹1,11,788/MT; YoY +23.44%.
• Carbon Steel(Long): August FY27 qty 1,42,897 MT; YoY +2.76%, MoM -7.02%; Avg Realisation ₹42,679/MT; YoY +2.54%.
• Carbon Steel(Flat): August FY27 qty 29,262 MT; YoY +114.14%, MoM +42.81%; Avg Realisation ₹82,395/MT; YoY +13.87%.
• Metallics: August FY27 qty 3,34,957 MT; YoY +27.97%, MoM +14.00%; Avg Realisation ₹20,039/MT; YoY +8.73%.

Business Developments

• Aluminium foil plant commissioned July 2026 at Sambalpur, capacity 0.018 MTPA; now stable operations.

Other Updates

• CRISIL upgrades: AA+ (Stable) for long-term bank facilities and A1+ for short-term facilities.

ESG rating disclosure

• ESG rating assigned: 48, by ESG Risk Assessments and Insights Limited.
• Rating based on public-domain information; provider registered with SEBI as Category I subscriber-pays.
• Rating submitted to stock exchanges by ERP and notified to the company on 03 September 2026.
• Company did not engage the provider; rating was independently conducted.
• Disclosure also available on the company website.