General Updates

ORE TO METAL Certified SMEL/SE/2026-27/76 28t September, 2026 [GEESIEEERY 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 Exercise of Options by Eligible Employees under "SMEL Employee Stock Incentive Plan — 2023” (ESIP - 2023) sub plan SMEL Loyalty ESOP Scheme (ESOP Il - 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 as per the Vesting schedule of SMEL Loyalty ESOP Scheme (ESOP Il - 2023), 57900 Stock Options are Exercised by the Eligible Employees on 27t September, 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-POD2/1/3762/2026 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 Company Secretary Membership No. F13320 Encl: as above OUR BRANDS: Gy aE [sTeTi & Dom § aaEm NLTIGER V), TIGER VATIGER V), TIGER NM.TIGERFOIL 305 THT RE GAR STAINLESS STEEL ROOFING SHEETS STAUCTURAL STEEL ALUMINIOM FoiL SHYAM METALICS AND ENERGY LIMITED Regd. Office: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal - 700088 CIN: L407101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on: @@®® ORE TO METAL Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligationse¢=1gji{-Ye} and Disclosure Requirements) Regulations, 2015 FEB2026-FEB 2027 INDIA sl Particulars Scheme Il = SMEL No. Loyalty ESOP Scheme (“ESOP Il - 2023”) 1 | Brief details of options granted 2,16,000 Options granted to 5 Eligible Employees under SMEL Employee Stock Incentive Plan — 2023" (ESIP - 2023) sub-plan SMEL Loyalty ESOP Scheme (ESOP 11-2023). 2 | Whether the scheme is in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat | Yes Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable 3 | Total number of shares covered by these | 2,16,000 equity shares of face value of X10 each are options covered by stock options granted. 4 | Pricing Formula The said Options were granted at X221 (Rupees Two Hundred and Twenty-One Only), ie. at 50% discount on the market price on 27" September, 2023. The market price is the latest available closing price on the National Stock Exchange of India Limited, which had recorded the higher trading volume in the equity shares of the Company on Septembe26r, 2023. The same being the previous trading day immediately preceding the date on which the Grant of Options was approved. 5 | Time within which option may be exercised | The Options granted may be exercised by the Grantee, either in whole or in part, within a period of 6 months from the commencement of the vesting period. 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. o 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/gq: OUR BRANDS: LTIGeEyR S iTIGER &SLTI GER §ST IGER SLTIaGEEmR FOIL 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: 49133 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on: @@®® ORE TO METAL applicable taxes in accordance with terms a Certified conditions of the Scheme. FEB 2026-FEB 2027 INDIA e 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 | 40% of the total Eligible of the grant date Options shall vest On second 30% of the total Eligible anniversary of the | Options shall vest grant date On third 30% of the total Eligible anniversary of the | Options shall vest grant date Options Vested 57,900 Options Vested with effect from 27t September, 2026. Options Exercised 57,900 Options are exercised on 27t September, 2026. Money realized by exercise of Options % 1,27,95,900 (Rupees One Crore Twenty Seven Lakh Ninety Five Thousand Nine Hundred Only). 10 The Total number of shares arising as a 57,900 Shares are Arising as a result of exercise of result of exercise of Option Options i.e. 1 Option is equal to 1 Share. 11 Options Lapsed Nil 12 Variation in Terms of Options No Variation 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 En Membership No. F13320 OUR BRANDS: TIGa EE Rm hTIGER fijfilesn S§E TIGBEERm S TIaGaEnR FOIL 5500 TMT RE-BAR STAINLESS STEEL ROOFING SHEETS STAUCTURAL STEEL ALUMINIUM FOIL SHYAM METALICS AND ENERGY LIMITED Regd. Office: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal - 700088 CIN: L4010TWB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T: 491 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on: @@®®