Quarterly Result11 May 2026, 01:28 pm
Shyam Metalics: FY26 Results, ₹2.70 Dividend & ₹2700 Cr Capex
AI Summary
Shyam Metalics and Energy Ltd's board approved the audited financial results for FY26, recommending a final dividend of ₹2.70 per share (27% of face value). The company also approved a ₹2700 crore capex plan for new projects and expansion, including a long & speciality wire rod and bar mill in Kharagpur and stainless steel expansion in Sambalpur. M/s. Ernst & Young LLP has been appointed as the Internal Auditors and M/s. BSS & Associates as the Cost Auditors for FY 2026-27.
Key Highlights
- Approved audited financial results for FY26 with unmodified audit opinion.
- Recommended a final dividend of ₹2.70 per share (27% of face value).
- Approved ₹2700 crore capex for expansion projects in Kharagpur and Sambalpur.
- Appointed M/s. Erst & Young LLP as Internal Auditors for FY 2026-27.
- Appointed M/s. BSS & Associates as Cost Auditors for FY 2026-27.