Shyam Metalics and Energy Limited announced a credit rating upgrade from CRISIL to AA+ (Stable), reflecting a strong financial position and prudent capital management. The Board also approved the reappointment of Ms. Rajni Mishra as an Independent Director and a notice for postal ballot to seek members’ approval for the same along with a proposed revision in the remuneration of Whole-time Directors, namely, Mr. Sheetij Agarwal and Mr. Dev Kumar Tiwari.
Credit Rating Upgrade
CRISIL has upgraded Shyam Metalics’ credit rating from AA (Positive) to AA+ (Stable). This upgrade highlights the company’s strong financial position, prudent capital management, healthy operations scale, 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, commencing February 12, 2026, subject to shareholders’ approval.
The Board has affirmed that Ms. Rajni Mishra is not debarred from holding the office of Director by virtue of any SEBI order or any other such Authority.
Postal Ballot Notice
The Board approved a notice for a postal ballot to seek members’ approval for:
- Re-appointment of Ms. Rajni Mishra (DIN: 07706571) as an Independent Director.
- Revision in the remuneration of Whole-time Directors, Mr. Sheetij Agarwal (DIN: 08212992) and Mr. Dev Kumar Tiwari (DIN: 02432511).
The Board has fixed Friday, November 14, 2025, as the cut-off date to determine the eligibility of members entitled to vote through remote e-voting facility.
Financial Performance: Q2 2026
The Board approved the Unaudited Integrated Financial Results (Standalone and Consolidated) for Q2 2026 and the half-year ended September 30, 2025.
Key Financial Figures (Consolidated – In Crores)
Total Income for Q2 2026 stood at ₹4,526.15, as compared to ₹3,706.35 for Q2 2025.
Profit before tax for Q2 2026 was reported as ₹347.09 compared to ₹306.80 for Q2 2025.
Profit after tax for Q2 2026 was ₹260.45, as compared to ₹215.68 in Q2 2025.
Source: BSE
