General Updates

SMEL/SE/2026-27/74 25th 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 (East), Maharashtra, India Mumbai 400 051, Maharashtra, India Scrip Code: 543299 Symbol: SHYAMMETL Dear Sir/Madam, Sub: Intimation of Vesting of Employee Stock Options under "SMEL Employee Stock Incentive Plan – 2023” (ESIP – 2023) Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we wish to inform that consequent upon the completion of the third year from the date of Grant and pursuant to the SMEL Employee Stock Incentive Options to (ESIP-2023) sub-plan SMEL Performance ESOP Scheme (ESOP-2023), 23% of the Stock options granted to 62 Eligible employees on September 25, 2023 as per the vesting schedule are now available for exercise on completion of third anniversary of grant. 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 Membership No. F13320 Encl: as above OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. Office: 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 A lloys | 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. No. Particulars Details 1 Brief details of options granted 8,59,738 Options granted to 62 Eligible Employees under "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 (Share Based Employee Benefits and Yes Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable 3 Total number of shares covered by these Each stock option is convertible into one fully paid-up options equity share having face value of ₹10 each. 8,59,738 equity shares of face value of ₹10 each are covered by stock options granted. 4 Pricing Formula The said Options are being granted at ₹ 326 (Rupees Three Hundred and Twenty Six 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 22, 2023, being the previous trading day immediately preceding the date on which the Grant of Options was approved. 5 Time within which option may be The Options granted may be exercised by the 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. 6 Brief details of significant terms  The ESOP Scheme is administered via ESOP Trust which is authorized to purchase the shares from the secondary market for facilitating the ESOP exercises.  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 OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. Office: 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 A lloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes 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. Options shall vest in the following manner: Date of Vesting Vesting Percentage On first anniversary 20% of the total Eligible of the grant date Options shall vest On second 23% of the total Eligible anniversary of the Options shall vest grant date On third anniversary 23% of the total Eligible of the grant date Options shall vest On Fourth 34% of the total Eligible anniversary of the Options shall vest grant date 7 Options Vested 1,31,537 Options Vested with effect from 25th September, 2026 8 Options Exercised Nil 9 Money realized by exercise of Options Not Applicable 10 The Total number of shares arising as a Not Applicable result of exercise of Option 11 Options Lapsed Not Applicable 12 Variation in Terms of Options Not Applicable 13 Subsequent changes or cancellation or Not Applicable exercise of such options 14 Diluted earnings per share pursuant to Not Applicable 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 Membership No. F13320 OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. Office: 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 A lloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes