General Updates

SMEL/SE/2026-27/70 05th September, 2026 The Secretary, The Manager – Listing Department Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, “Exchange Plaza”, 5th Floor, Plot No. C/1, Dalal Street, Mumbai 400 001 G-Block, Bandra-Kurla Complex, Bandra Maharashtra, India (East), Mumbai 400 051, Maharashtra, India Scrip Code: 543299 Symbol: SHYAMMETL Dear Sir/Madam, Sub: Intimation of Grant of Employee Stock Options under "SMEL Employee Stock Incentive Plan – 2023” (ESIP – 2023) Pursuant to Regulation 30 of Securities Exchange of Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held today on September 05, 2026 granted 11,000 stock options to 1 Eligible Employees under the "SMEL Employee Stock Incentive Plan – 2023" (“ESIP - 2023”) Sub- plan SMEL Performance ESOP Scheme (“ESOP - 2023”). Each of the stock options, entitles the option holder to apply for one equity share of the Company of ₹ 10/- each. Please find attached the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The same is also being uploaded on the Company's website at www.shyammetalics.com. Thanking You, For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary & Compliance Officer Membership No. F13320 Encl: as above OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. O(cid:431)ice: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015: Sl. Particulars Details 1 Brief details of options 11,000 Options granted to 1 Eligible Employees under granted "SMEL Employee Stock Incentive Plan - 2023" (“ESIP- 2023”) Sub-plan SMEL Performance ESOP Scheme (“ESOP - 2023”). 2 Whether the scheme is in terms of the Securities and Exchange Board of India Yes (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable 3 Total number of shares Each stock option is convertible into one fully paid-up covered by these options equity share having face value of ₹10 each. 11,000 equity shares of face value of ₹10 each are covered by stock options granted. 4 Pricing Formula / Exercise The said Options are being granted at ₹ 798.98 Price (Rupees Seven hundred and Ninety eight and Ninety eight Paise Only), i.e. at 25% discount on the market price. The market price is the latest available closing price on the National Stock Exchange of India Limited, being the stock exchange, which recorded the highest trading volume in the equity shares of the Company on September 04, 2026, being the previous trading day immediately preceding the date on which the Grant of Options was approved. 5 Time Period within which The Options granted may be exercised by the option may be exercised Grantee, either in whole or in part, within a maximum period of 1 (One) Year from the date of respective vesting, during the exercise window(s) as may be notified to the Grantee from time to time, by submitting the duly completed exercise application in the format prescribed, along with the applicable exercise price, taxes, and other charges, if any. OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. O(cid:431)ice: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes 6 Brief details of significant  The Scheme is administered by the NRC Committee terms of the Company.  The grant of Options is based upon the eligibility criteria as determined by the NRC Committee.  The granted Options, once vested shall entitle the Option holder to acquire equal number of Equity Shares, upon payment of exercise price and applicable taxes in accordance with terms and conditions of the Scheme.  The equity shares allotted, pursuant to the exercise of the Stock Options, would not be subject to lock-in. 7 Vesting Period Options shall vest in the following manner: Date of Vesting Vesting Percentage On first 20% of the total Eligible anniversary of the Options shall vest grant date On second 23% of the total Eligible anniversary of the Options shall vest grant date On third 23% of the total Eligible anniversary of the Options shall vest grant date On Fourth 34% of the total Eligible anniversary of the Options shall vest grant date 8 Exercise Period The Exercise Period would commence from the date of vesting and will expire on completion of 4 (Four) Year from the date of vesting of options. 9 Options Vested Not Applicable 10 Options Exercised Not Applicable 11 Money realized by exercise Not Applicable of Options 12 The Total number of shares Not Applicable arising as a result of exercise of Option 13 Options Lapsed Not Applicable 14 Variation in Terms of Options Not Applicable 15 Subsequent changes or Not Applicable cancellation or exercise of such options OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. O(cid:431)ice: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes 16 Diluted earnings per share Not Applicable pursuant to issue of equity shares on exercise of Options Kindly take the same on record and oblige. Yours Faithfully For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary & Compliance Officer Membership No. F13320 OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. O(cid:431)ice: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes