Dividend11 May 2026, 01:14 pm
Shyam Metalics Recommends Final Dividend of ₹2.70 Per Share
AI Summary
Shyam Metalics and Energy Ltd's board approved a final dividend of ₹2.70 per equity share (27% of face value of ₹10 each) for FY26, subject to shareholder approval. The board also approved financial results for Q4 and FY26 with an unmodified audit opinion. Additionally, new projects/expansion plans were approved, involving a capital expenditure of ₹2,700 crore, funded through internal accruals and borrowings. The company appointed M/s. Ernst & Young LLP as Internal Auditors and M/s. BSS & Associates as Cost Auditors for FY 2026-27.
Key Highlights
- Final dividend of ₹2.70 per share (27% of face value) recommended for FY26.
- Audited financial results for Q4 and FY26 approved with unmodified audit opinion.
- Capex of ₹2,700 crore approved for new projects and expansion.
- Ernst & Young LLP appointed as Internal Auditors for FY 2026-27.
- BSS & Associates appointed as Cost Auditors for FY 2026-27.
Price Impact
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