Analysts/Institutional Investor Meet/Con. Call Updates

SMEL/SE/2026-27/54 July 24, 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, G- Dalal Street, Mumbai 400 001 Block, Bandra-Kurla Complex, Bandra (East), Maharashtra, India Mumbai 400 051, Maharashtra, India Scrip Code: 543299 Symbol: SHYAMMETL Dear Sir/Madam, Sub: Transcript of the conference call for Unaudited (Standalone and Consolidated) Financial Results for the First Quarter Ended 30th June, 2026 Pursuant to the Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, we forward herewith the transcript of the conference call with investors and analysts held on Tuesday, 21st July, 2026 for the Un-audited (Standalone and Consolidated) financial result of the company for the first quarter ended 30th June, 2026. This is for your information and record. Thanking You, 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 and Energy Limited Q1 FY27 Earnings Conference Call” July 21, 2026 MANAGEMENT: MR. BRIJ BHUSAN AGARWAL – CHAIRMAN AND MANAGING DIRECTOR – SHYAM METALICS AND ENERGY LIMITED MR. DEEPAK KUMAR AGARWAL –DIRECTOR OF FINANCE AND GROUP CFO – SHYAM METALICS AND ENERGY LIMITED MR. PANKAJ HARLALKA – HEAD OF INVESTOR RELATIONS TEAM – SHYAM METALICS AND ENERGY LIMITED MODERATOR: MR. BINAY SARDA – ERNST & YOUNG Page 1 of 17 Shyam Metalics and Energy Limited July 21, 2026 Moderator: Ladies and gentlemen, good day and welcome to Shyam Metalics & Energy Limited Q1 FY27 Earnings Call Conference Call hosted by Ernst & Young. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Pankaj Harlalka from Shyam Metalics. Over to you, sir. Pankaj Harlalka: Thank you, Sanya. Good afternoon to everyone and thanks for connecting with us on our first con call of this financial year. On behalf of Shyam Metalics, I'm delighted to welcome you all to this call, particularly our shareholders and our industry analysts. Thank you for taking the time out on this call to discuss our latest results and performance. Our results and a detailed investor presentation has been uploaded on the exchanges as well as on our website. I hope everyone had a chance to go through it. To discuss our results, we have with us our Chairman and Managing Director, Mr. Brij Bhusan Agarwal; our Executive Director and Director of Finance, Mr. Deepak Kumar Agarwal; and Mr. Binay Sarda from E&Y, our Investor Relations partner. They will take you through our results and then we will proceed to the Q&A session. Now I would like to hand over the call to Bhusan ji. Thank you, and over to you, sir. Brij Bhusan Agarwal: Hi. Good afternoon and good evening, everyone. Bharat Mata Ki Jai. Ladies and gentlemen, a warm welcome to everyone on behalf of Shyam Metalics. I sincerely thank all of you for joining us today. Your continued trust, support, engagement has been extremely instrumental in our journey, and we deeply value long-standing relationship, trust we have been building day by day with our investors, analysts, stakeholders and all the participants. We commenced Q1 FY27 on spectacular strong note, delivering another quarter of robust growth, driven by extremely disciplined execution, operational excellence and the resilience of our entire integrated business model. During Q1 FY27, the revenue grew by 23% year-on-year to approximately INR5,500 crores, while EBITDA and PAT also followed an increase by 28% and 21%, respectively. EBITDA margin expanded by 100 basis points on a year-on-year basis, reflecting sustained operational efficiency on the back of cost optimization, improved product mix, benefiting from our integrated operations and focusing more on B2C and value-added product, innovation and values. Before I speak about our business progress, let me briefly touch upon the broader industry environment. Globally, the metal industry continues to witness volatility due to the fluctuation in the prices, trade flow, geopolitical development. However, medium-to-long term look extremely constructive and positive, supported by infrastructure spending, smart manufacturing growth, renewables and infra housing and all these sectors. Page 2 of 17 Shyam Metalics and Energy Limited July 21, 2026 In India, demand continues to remain healthy, driven by the growth. And as we know, our country being a developing nation, the fast treasury growth of last 10 years has witnessed the growth across the sector by the government-led infrastructure development, railway modernization, urbanization, manufacturing expansion and increasing focus on domestic value addition. These trends continue to provide a strong foundation for growth across metals, such as steel, stainless steel, aluminium and specialty alloy. Since our inception and philosophy, we had always built a diversified integrated value chain metal business that creates long-term value sustainable for all of our respective shareholders. In this regard, one of the key highlights during the quarter was unveiling of our Vision 2031 road map, which articulates our long-term vision, ambition of transforming Shyam Metalics from commodity-focused steel manufacturer into a diversified value-added metal conglomerate with a stronger and more resilient earning profile. Those strategic investment across stainless steel, specialty steel, aluminium and other HR coils are on the downstream business. We are building multiple growth engines that will enhance value addition with extremely deep integration and significant strengthening of our profitability, sustainability and perennial growth over the coming years. We are recently -- we have recently achieved an important milestone by starting the commissioning of our additional capacity of aluminium facilities in Odisha, further strengthening our downstream aluminium capabilities. This facility enabled us to manufacture varieties of aluminium foil stocks, which will be converted into foils catering to both domestic and international market. While significantly increasing value addition from our existing portfolio. The aluminium flat roll product projects remain on track for commissioning during the second quarter. All major projects across our portfolio continues to progress as planned and we expect to commission within the targeted timeline. Importantly, several of the key project drivers, which we have discussed during our investors meet and our target of 2031, comes from the expansion of HR coil plant, specialty steel plant, aluminium plants and special bar plants, which are all under the construction stage and will be commissioned as per the target given. One of the biggest competitive strengths continues to be our integrated operation and industry- leading cost position. As we know, energy is a very big raw material for the metal business and our competence on our cost and control on the energy is highly appreciable. During the quarter, Shyam Metalics acquired 26% equity stake in Emerge Green Power Private Limited, which is constantly becoming an associate company of the company. The investment is aligned for a long-term commitment towards sustai [Showing first 8,000 characters — download PDF for full document]