Shyam Metalics and Energy Limited: General Updates

M&A / JV 31 Oct 2026 · Announced· ✓ Verified

General Updates - Shyam Metalics And Energy Limited has informed the Exchange about 3. The proposal to acquire a 51% controlling equity stake in Alom Solar Private Limited, On acquisition, Alom Solar Private Limited becomes the Subsidiary of Shyam Metalics and Energy Limited and 4. the Proposal for the initial Capital Expenditure (Capex) budget of approximately ₹360 Crores further Based on the recommendation of the Nomination and Remuneration Committee and subject to approval of Members of the Company, the Board of Directors of the Company, has during their meeting given in-principle approval to the proposal for the induction of Mr. Debashis Prasad Pattanaik as a nominee director

SectorEnergy & Renewables

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