Shyam Metalics board approves Q2 financials, independent director re-appointment

Shyam Metalics and Energy Limited announced its board of directors approved the unaudited integrated financial results (standalone and consolidated) for the second quarter and half year ended September 30, 2025. This approval, based on the audit committee's review and the limited review report from MSKA & Associates, confirms the company's financial performance. For the quarter ended September 30, 2025, consolidated total income was ₹4,526.15 crores and profit after tax was ₹260.45 crores. Standalone total income for the same period was ₹1,701.61 crores with a profit after tax of ₹135.61 crores.

Additionally, CRISIL upgraded the company's credit rating from AA (Positive) to AA+ (Stable), reflecting a strong financial position, prudent capital management, and robust risk profile. The board also approved the re-appointment of Rajni Mishra as an independent director for a second term of five years, from February 12, 2026, to February 11, 2031, subject to shareholder approval. Ms. Mishra brings extensive experience in corporate law, governance, and strategy.

The board fixed November 14, 2025, as the cut-off date for eligible members to vote via remote e-voting for the re-appointment of Ms. Mishra and the revision of remuneration for whole-time directors Sheetij Agarwal and Dev Kumar Tiwari.