Board Meeting11 May 2026, 01:06 pm
Shyam Metalics: FY26 Final Dividend ₹2.70/Share, Capex ₹2700 Cr
AI Summary
Shyam Metalics and Energy Ltd's board approved the audited financial results for Q4 and FY26, recommending a final dividend of ₹2.70 per share (27% of face value). The board also approved a ₹2700 crore capex for new projects and expansion, including a Long & Speciality Wire Rod and Bar Mill in Kharagpur and expansion of Stainless Steel facilities in Sambalpur. Additionally, Ernst & Young LLP was appointed as the Internal Auditors and BSS & Associates as the Cost Auditors for FY27.
Key Highlights
- Final dividend of ₹2.70 per equity share (27% of face value) recommended for FY26.
- ₹2700 crore capex approved for expansion projects in Kharagpur and Sambalpur.
- Long & Speciality Wire Rod and Bar Mill (8,00,000 TPA) to be set up in Kharagpur by March 2029.
- Stainless Steel capacity expansion from 0.50 MTPA to 0.60 MTPA in Sambalpur by March 2029.
- Ernst & Young LLP appointed as Internal Auditors for FY27.
Price Impact
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