Shyam Metalics and Energy Limited announced that CRISIL upgraded the company’s credit rating from AA (Positive) to AA+ (Stable). The Board also approved the re-appointment of Ms. Rajni Mishra as an Independent Director for a second term, subject to shareholder approval, commencing February 12, 2026. A postal ballot will seek member approval for Ms. Mishra’s reappointment and revisions to Whole-time Directors’ remuneration.
Improved Credit Rating
CRISIL has upgraded Shyam Metalics’ credit rating to AA+ (Stable) from AA (Positive), indicating a strong financial position and prudent capital management. This upgrade reflects healthy operations, product diversification, and strong governance.
Re-appointment of Independent Director
The Board approved the re-appointment of Ms. Rajni Mishra (DIN: 07706571) as an Independent Director for a second term of five consecutive years, starting February 12, 2026, pending shareholder approval. It is affirmed that Ms. Mishra is not debarred from holding the office of Director by any SEBI order or any other authority.
Postal Ballot Notice
The Board has approved a postal ballot to seek member approval for:
- Re-appointment of Ms. Rajni Mishra as Independent Director.
- Revision in remuneration of the Whole-time Directors, Mr. Sheetij Agarwal (DIN: 08212992) and Mr. Dev Kumar Tiwari (DIN: 02432511).
The remote e-voting cut-off date is set for November 14, 2025. The Board meeting concluded at 12:50 P.M. on November 07, 2025.
Financial Performance Highlights for Q2 2026 (Jul-Sep)
The Board approved the Unaudited Integrated Financial Results (Standalone and Consolidated) for Q2 2026 and the half-year ended September 30, 2025. Key figures from the standalone results include:
- Total Income: ₹1,701.61 Crores
- Profit Before Tax: ₹179.17 Crores
- Profit After Tax: ₹135.61 Crores
Key figures from the consolidated results include:
- Total Income: ₹4,526.15 Crores
- Profit Before Tax: ₹347.09 Crores
- Profit After Tax: ₹260.45 Crores
Source: BSE
