Shyam Metalics and Energy Limited announced a credit rating upgrade from CRISIL to AA+ (Stable), reflecting strong financial health. The board also approved the re-appointment of Ms. Rajni Mishra as an Independent Director for a second term, subject to shareholder approval. Additionally, the board approved a notice for a postal ballot to seek approval from its members for re-appointments and revisions in director remuneration.
Credit Rating Improved
CRISIL has upgraded Shyam Metalics’ credit rating from AA (Positive) to AA+ (Stable). This upgrade signifies the company’s strong financial position, prudent capital management, healthy operations scale, product diversification, and strong governance.
Re-appointment of Independent Director
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Ms. Rajni Mishra (DIN: 07706571) as an Independent Director for a second term of five consecutive years. This new term will commence from February 12, 2026, and continue until February 11, 2031. The re-appointment is subject to the approval of the shareholders.
Postal Ballot Notice
The Board approved a notice for a postal ballot to seek member approval for:
Re-appointment of Ms. Rajni Mishra as an Independent Director.
Revision in the remuneration of Whole-time Directors: Mr. Sheetij Agarwal and Mr. Dev Kumar Tiwari.
The Board has set Friday, November 14, 2025, as the cut-off date to determine member eligibility for remote e-voting.
Financial Performance Highlights
The Board approved the unaudited integrated financial results for Q2 (Jul-Sep) and H1 (Apr-Sep) ended September 30, 2025. Key financial figures from the standalone statement include:
Revenue from operations: ₹1,671.33 Crores for Q2 (Jul-Sep).
Profit Before Tax: ₹179.17 Crores for Q2 (Jul-Sep).
Profit After Tax: ₹135.61 Crores for Q2 (Jul-Sep).
Source: BSE
