Shyam Metalics has received a credit rating upgrade from CRISIL, now at AA+ (Stable). The Board re-appointed Ms. Rajni Mishra as an Independent Director, subject to shareholder approval, and approved financial results for Q2 (Jul-Sep), which show a revenue from operations of ₹4,457.02 Crores. Additionally, the Board approved a notice for a postal ballot seeking approval for the re-appointment and remuneration revisions.
Credit Rating Upgrade
CRISIL has upgraded Shyam Metalics’ credit rating to AA+ (Stable) from AA (Positive), reflecting a strong financial position and effective capital management. This upgrade signifies healthy operations, product diversification, and robust governance.
Re-appointment of Independent Director
Subject to shareholder approval, Ms. Rajni Mishra has been re-appointed as an Independent Director for a second term. Her new term will start on February 12, 2026, and continue until February 11, 2031.
Q2 Financial Results
The Board approved the unaudited integrated financial results for Q2 (Jul-Sep), which includes both standalone and consolidated figures. Key highlights from the financial results include:
- Revenue from Operations: ₹4,457.02 Crores
The full financial results are available on the company website.
Other Key Decisions
The Board has approved a notice for a postal ballot seeking member approval for:
- Re-appointment of Ms. Rajni Mishra as Independent Director
- Revision in the remuneration of Mr. Sheetij Agarwal and Mr. Dev Kumar Tiwari, Whole-time Directors
Source: BSE
