Shyam Metalics Plans ₹4,500 Cr Fund Raise Via Securities Issuance

Shyam Metalics and Energy Limited's Board of Directors has approved a plan to raise up to ₹4,500 crore through the issuance of various securities, including equity shares, preference shares, or convertible debentures. The fundraising aims to support the company's growth and strategic initiatives. The board also approved the Unaudited Financial Results for the first quarter ended June 30, 2026, and declared a first interim dividend of ₹1.80 per equity share for FY2026-27. The company has scheduled its 24th Annual General Meeting for August 25, 2026, to seek shareholder approval for the fund-raising plan.