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Shyam Metalics & Energy announced that the Board of Directors of the Company at its meeting held on 11 May 2026, inter alia, have recommended the final dividend of Rs 2.7 per equity Share (i.e. 27%) , subject to the approval of the shareholders.

Net profit of Shyam Metalics & Energy rose 45.87% to Rs 319.09 crore in the quarter ended March 2026 as against Rs 218.75 crore during the previous quarter ended March 2025. Sales rose 26.60% to Rs 5240.36 crore in the quarter ended March 2026 as against Rs 4139.36 crore during the previous quarter ended March 2025.For the full year,net profit rose 17.85% to Rs 1070.24 crore in the year ended March 2026 as against Rs 908.10 crore during the previous year ended March 2025. Sales rose 22.39% to Rs 18552.21 crore in the year ended March 2026 as against Rs 15158.63 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales5240.364139.36 27 18552.2115158.63 22 OPM %13.8712.45 -12.5812.31 - PBDT704.81525.80 34 2344.521952.36 20 PBT456.30297.17 54 1462.371241.19 18 NP319.09218.75 46 1070.24908.10 18 Powered by Capital Market - Live News

The board of Shyam Metalics & Energy at its meeting held on 11 May 2026 has approved new projects/ expansion plan of the company and its subsidiaries involving capital expenditure of Rs 2,700 crore as follows:Details of approved projects:1. Long & Speciality Wire Road and Bar Mill (SBQ Mill) with furnace at Kharagpur Capacity - 8,00,000 TPA Budget - Rs 900 crore Expected commissioning - 31 March 20292. Expansion of Stainless Steel with downstream facilities from 0.50 MTPA TO 0.60 MTPA with SS Cold Rolling Mill, SS Precision Cold Rolling Mill, S Hot Rolling Annealing & Pickling Line and SS Bright Annealing Line at Sambalpur. Capacity - 6,00,000 TPA Budget - Rs 1800 crore Expected commissioning - 01 March 2029

Shyam Metalics & Energy (SMEL) today unveiled a Rs 2,700 crore strategic growth expansion programme. The investment will be funded entirely through internal accruals and is aimed at expanding higher-margin product offerings, driving incremental topline growth, and strengthening long-term earnings quality. The proposed expansion plan will be placed before the Board of Directors for the formal approval at its forthcoming meeting. This investment is in addition to the Company`s previously announced Rs 16,060 crore capex pipeline, of which approximately Rs 8,700 crore has already been invested. The remaining balance is under phased execution over the next 3 to 4 years, reinforcing a long-term growth roadmap focused on capacity-led topline expansion alongside profitability enhancement. Commenting on the developments, Brij Bhushan Agarwal, Chairman and Managing Director, Shyam Metalics and Energy, said, �This marks the next phase of Shyam Metalics` evolution from scale led growth to value-led growth. Our objective is not simply to add capacity, but to build stronger positions in sophisticated, higher-margin product categories that can drive sustainable returns over the long term. The investments in specialty steel and advanced stainless downstream products will help us move further up the value chain, support import substitution, and strengthen India`s manufacturing capabilities. Importantly, these expansions are being funded entirely through internal accruals, reflecting both our balance sheet strength and disciplined approach to growth. We are confident that the integration of these stainless steel offerings will catalyze manifold growth in both our topline and profit margins. With these projects, we are building a stronger, more resilient and globally competitive metals platform, one that is aligned with India`s industrial ambitions while delivering long-term value for customers, communities and shareholders.�

Shyam Metalics & Energy will hold a meeting of the Board of Directors of the Company on 11 May 2026.