Press Release dated 13.10.2026

SMEL/SE/2026-27/81 13th October, 2026 The Secretary, The Manager - Listing Department Listing Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers Dalal Street G Block, Bandra-Kurla Complex, Bandra Mumbai 400 001 Maharashtra, India (East), Scrip Code: 543299 Mumbai 400 051 Maharashtra, India Symbol: SHYAMMETL Sub: Press Release Dear Sir/Madam, Pursuant to Regulation of SEBI (LODR) Regulations, 2015, we are please to inform you that the Company has issued a Press Release titled “Shyam Metalics Group Secures Strategic Mining Rights for Phutamura Coal Block to Strengthen Backward Integration” This is for your information and Record. For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary 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 Shyam Metalics Group Secures Strategic Mining Rights for Phutamura Coal Block to Strengthen Backward Integration Kolkata, India, October 13, 2026 - Shyam Metalics Group has announced a major strategic advancement in its resource security and operational footprint through an investment in Alom Solar Private Limited, who has been declared as the successful bidder for the Phutamura Coal Block mining rights. Located in the Raigarh District of Chhattisgarh within the prolific Mand Raigarh coalfield, the Phutamura Coal Block spans an area of approximately 7.324 sq. km. and holds estimated coal reserves of approximately 170 million tonnes. It is expected that mining Operations and Coal Production shall commence from July 2027. This strategic development serves as a crucial backward integration initiative for Shyam Metalics Group, designed to secure a stable, long-term, and cost-effective coal supply to support its captive power generation and core steel manufacturing processes. By securing vital raw material reserves, the Group reinforces its commitment to operational self-sufficiency, sustainable growth, and long-term value creation for its stakeholders. Commenting on this significant development, Mr. Brij Bhushan Agarwal - Chairman & Managing Director of Shyam Metalics and Energy Limited said: "Our Groups investment in Alom Solar Private Limited and the securing of the Phutamura Coal Block marks a pivotal milestone in our strategic journey toward absolute self-reliance. As we continue to scale our manufacturing capabilities, securing high-quality, long-term raw material linkages is paramount. With an estimated 170 million tonnes of coal reserves in the Mand– Raigarh coalfield, this development significantly strengthens our backward integration framework, ensuring uninterrupted fuel security for our captive power plants and core steel operations. It underscores our unwavering commitment to sustainable growth, operational resilience, and long-term value creation for all our stakeholders." About Shyam Metalics and Energy Limited Shyam Metalics is a leading and fastest-growing integrated metal-producing company based in India primarily in the steel industry in West Bengal, Odisha, Jharkhand, and Madhya Pradesh with a focus on Long & Flat Steel Products, Ferro Alloys, Aluminium, and Stainless Steel. The company got listed itself on the exchanges in 2021 and possesses a market capitalization of more than ₹ 30,000 Cr. Headquartered in Kolkata, West Bengal, the company is amongst the largest producers of ferro alloys in terms of installed capacity in India. The company has an aggregate installed metal capacity of 16.93 MTPA across the steel value chain and is supported by a 467 MW aggregated installed capacity of captive power plants. For more information, please visit our website at https://www.shyammetalics.com/. Contact Details Media Relations Contact Shyam Metalics and Energy Ltd: Adfactors PR: Deepak Agarwal |Director Finance & CFO Vikas Srivastava deepakag@shyamgroup.com vikas.srivastava@adfactorspr.com investor.relations@shyammetalics.com 9867065257 Pankaj Harlalka pankaj.harlalka@shyammetalics.com Address: P-10 (Plate No. D-403) Taratala Road, Kolkata-700088, West Bengal, India Investor Relations Advisers: Ernst & Young LLP Diwakar Pingle, Head – Investor Relation Advisory | Diwakar.Pingle@in.ey.com Binay Sarda, Vice – President | Binay.sarda@in.ey.com