Shyam Metalics proposes director re-appointment, revises executive pay

Shyam Metalics and Energy Limited announced a postal ballot seeking shareholder approval for three key resolutions. This includes the re-appointment of Rajni Mishra as an independent director for a second five-year term, effective February 12, 2026, and ending February 11, 2031. The board recommends this re-appointment based on her performance, experience, and contributions.

Additionally, the company proposes revisions to the remuneration of two whole-time directors: Sheetij Agarwal and Dev Kumar Tiwari. For Agarwal, the proposed annual remuneration range is revised to INR 20 crore to INR 50 crore, with a variable incentive not exceeding INR 10 crore, effective April 1, 2026. For Tiwari, the salary range is proposed to be revised to INR 50 lakhs to INR 1.50 crore per annum, effective April 1, 2025. These revisions acknowledge their significant contributions to the company's growth and profitability in FY 2024-25.

Shareholders will cast their votes through remote e-voting from November 24, 2025, to December 23, 2025. The cut-off date for voting eligibility is November 14, 2025. The company also confirmed investor meetings on November 21, 2025, where discussions covered publicly available information, ensuring no unpublished price sensitive information was disclosed.