Shyam Metalics shareholders back director reappointment, executive pay hikes

Shyam Metalics and Energy Limited announced the results of its postal ballot, confirming the re-appointment of rajni mishra as an independent director for a second five-year term, effective February 12, 2026, until February 11, 2031. This special resolution passed with 99.8467% of valid votes cast in favor.

Additionally, shareholders approved revisions to the remuneration terms for two whole-time directors. The revision for sheetij agarwal, effective April 1, 2026, passed as an ordinary resolution with 92.6679% of votes in favor. Similarly, the remuneration revision for dev kumar tiwari, also effective April 1, 2026, received 99.9964% of votes in favor.

The postal ballot process, conducted entirely through remote e-voting via NSDL, involved 464 members. All resolutions outlined in the notice dated November 7, 2025, were passed with the requisite majority.