General Updates

SMEL/SE/2026-27/75 27th 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) on completion of 3rd year of Grant of Options 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 Plan (ESIP - 2023) sub-plan SMEL Performance ESOP Scheme (ESOP-2023) and SMEL Loyalty ESOP Scheme (“ESOP II - 2023”) Stock options granted to employees of the Company and its Subsidiaries on September 27, 2023 as per the vesting schedule 23% and 30% of the Granted Options are now available for exercise with effect from September 27, 2026. 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. Particulars Scheme I – SMEL Scheme II – SMEL No. Performance ESOP Scheme Loyalty ESOP Scheme (“ESOP - 2023”) (“ESOP II - 2023”) 1 Brief details of options 17,000 Options granted to 1 Eligible 2,16,000 Options granted to 5 granted Employees under "SMEL Employee Eligible Employees under SMEL Stock Incentive Plan - 2023" (“ESIP- Employee Stock Incentive Plan – 2023”) Sub-plan SMEL Performance 2023” (ESIP - 2023) sub-plan SMEL ESOP Scheme (“ESOP - 2023”). Loyalty ESOP Scheme (ESOP II- 2023). 2 Whether the scheme is in terms of the Securities and Exchange Board of India Yes Yes (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable 3 Total number of shares 17,000 equity shares of face value of 2,16,000 equity shares of face covered by these options ₹10 each are covered by stock value of ₹10 each are covered by options granted. stock options granted. 4 Pricing Formula The said Options were granted at ₹ The said Options were granted at 331 (Rupees Three Hundred and ₹ 221 (Rupees Two Hundred and Thirty-One Only), i.e. at 25% discount Twenty-One Only), i.e. at 50% on the market price on 27th discount on the market price on September, 2023. 27th September, 2023. The market price is the latest The market price is the latest available closing price on the available closing price on the National Stock Exchange of India National Stock Exchange of India Limited, which had recorded the Limited, which had recorded the higher trading volume in the equity higher trading volume in the shares of the Company on equity shares of the Company on September 26, 2023. The same being September 26, 2023. The same the previous trading day immediately being the previous trading day preceding the date on which the immediately preceding the date Grant of Options was approved. on which the Grant of Options was approved. 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 5 Time within which option The Options granted may be The Options granted may be may be exercised exercised by the Grantee, either in exercised by the Grantee, either in whole or in part, within a maximum whole or in part, within a period of period of 1 (One) Year from the date 6 months from the date of of respective vesting. respective vesting. 6 Brief details of significant  The ESOP Scheme is administered  The ESOP Scheme is terms via ESOP Trust which is authorized to administered via ESOP Trust which Vesting Period purchase the shares from the is authorized to purchase the secondary market for facilitating the shares from the secondary market ESOP exercises. for facilitating the ESOP exercises.  The grant of Options is based upon  The grant of Options is based the eligibility criteria as determined upon the eligibility criteria as by the NRC Committee. determined by the NRC  The granted Options, once vested Committee. shall entitle the Option holder to  The granted Options, once acquire equal number of Equity vested shall entitle the Option Shares, upon payment of exercise holder to acquire equal number of price and applicable taxes in Equity Shares, upon payment of accordance with terms and exercise price and applicable taxes conditions of the Scheme. in accordance with terms and  The equity shares allotted, conditions of the Scheme. pursuant to the exercise of the Stock  The equity shares allotted, Options, would not be subject to pursuant to the exercise of the lock-in. Stock Options, would not be subject to lock-in. Options shall vest in the following Options shall vest in the following manner: manner: Date of Vesting Vesting Date of Vesting Percentage Vesting Percentage On first 20% of the total On first 40% of the anniversary of Eligible Options anniversary total Eligible the grant date shall vest of the grant Options shall date vest On second 23% of the total anniversary of Eligible Options On second 30% of the the grant date shall vest anniversary total Eligible of the grant Options shall On third 23% of the total date vest anniversary of Eligible Options the grant date shall vest 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 On Fourth 34% of the total On third 30% of the anniversary of Eligible Options anniversary total Eligible the grant date shall vest of the grant Options shall date vest 7 Options Vested 3910 Options Vested with effect from 57,900 Options Vested with effect 27th September, 2026 from 27th September, 2026 8 Options Exercised Not Applicable Not Applicable 9 Money realized by Not Applicable Not Applicable exercise of Options 10 The Total number of Not Applicable Not Applicable shares arising as a result of exercise of Option 11 Options Lapsed Not Applicable Not Applicable 12 Variation in Terms of Not Applicable Not Applicable Options 13 Subsequent changes or Not Applicable Not Applicable cancellation or exercise of such options 14 Diluted earnings per share Not Applicable Not Applicable pursuant to issue of equ [Showing first 8,000 characters — download PDF for full document]