Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Execution of Memorandum of Understanding with Govt. of Maharashtra

SMEL/SE/2026-27/78 October 02, 2026 The Secretary, Listing Department The Manager - Listing Department BSE Limited National Stock Exchange of India Limited “Exchange Phiroze Jeejeebhoy Towers Plaza”, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Dalal Street Complex, Bandra (East), Mumbai 400 051 Mumbai 400 001 Maharashtra, India Maharashtra, India Symbol: SHYAMMETL Scrip Code: 543299 Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Execution of Memorandum of Understanding (MoU) with the Government of Maharashtra Dear Sir / Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that Shyam Metalics and Energy Limited ("the Company") has entered into a non-binding Memorandum of Understanding (MoU) with the Government of Maharashtra on October 1, 2026. The required disclosures in terms of Regulation 30 of SEBI LODR Regulations read with the SEBI Master Circular are provided in Annexure A attached herewith. We request you to take the above information on record and dissemination. Thanking You, Yours faithfully, For Shyam Metalics and Energy Limited Birendra Kumar Jain Compliance Officer & 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 | Fer ro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes ANNEXURE A DISCLOSURE OF MATERIAL EVENT / INFORMATION UNDER REGULATION 30 OF SEBI LODR REGULATIONS Sr. Parameter / Details Required Information / Particulars 1 Name of the entity with whom Government of Maharashtra (represented by Dr. P. Anbalagan, agreement / MoU is signed IAS, Principal Secretary, Industries, Investment & Services Department). 2 Purpose of entering into the To facilitate the establishment of a 9 MTPA Greenfield agreement / MoU Integrated Steel Complex at Chandrapur, Vidarbha region, Maharashtra. 3 Proposed Investment Estimated investment of ₹50,000 Crore (Rupees Fifty Thousand Crores). 4 Employment Potential Approximately 30,000 jobs (10,000 direct employment and 20,000 indirect employment opportunities). 5 Proposed Year of Commencement Initiation in FY 2026-27 with obtaining the necessary approvals, permissions, registrations, clearances and fiscal incentives, etc. from Govt. of Maharashtra. 6 Whether the agreement / MoU is Non-binding Memorandum of Understanding (MoU). binding or non-binding 7 Whether the transaction would fall No. The Government of Maharashtra is an unrelated third party. within related party transactions? 8 Whether the promoter / promoter No. None of the Promoters, Promoter Group, Key Managerial group / group companies have any Personnel, or Group Companies have any interest in the interest in the entity? Government of Maharashtra. 9 Significant terms and conditions / 1. Setup of 9 MTPA Greenfield Integrated Steel Plant with Scope of MoU pelletisation, sintering, coke making, blast furnace, direct reduced iron (DRI), steel melting, and continuous casting. 2. Govt. of Maharashtra to facilitate necessary permissions, registrations, approvals, clearances, and fiscal incentives as per applicable state policies, rules, and regulations. 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 | Fer ro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes