We are enclosing scheme of amalgamation of Shree Venkateshwara Electrocast Private Limited into and with Shaym Sel and Power Limited

SMEL/SE/2026-27/83 October 22, 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-Block, Dalal Street, Mumbai 400 001 Bandra-Kurla Complex, Bandra (East), Mumbai 400 Maharashtra, India 051, Maharashtra, India Scrip Code: 543299 Symbol: SHYAMMETL Dear Sir/Madam, Sub: Approval of the Scheme of Amalgamation of Shree Venkateshwara Electrocast Private Limited into and with Shyam Sel and Power Limited (Wholly Owned Subsidiary) of the Company by the Hon’ble National Company Law Tribunal, Kolkata Bench under Section 230 read with Section 232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations Rules, 2016) and other relevant provisions under applicable law ("Scheme of Amalgamation") We hereby inform that the Hon’ble NCLT Kolkata has approved the Scheme of Amalgamation of Shree Venkateshwara Electrocast Private Limited (Transferor Company) vide petition No. CP (CAA) No. 39/KB/2026 connected with CA (CAA) No. 207/ KB/2025 with Shyam Sel and Power Limited (Transferee Company), Wholly Owned Subsidiary of the Company on 16th October, 2026 under section 230-232 of the Companies Act, 2013. The copy of the order is enclosed. The Scheme of Amalgamation will become effective upon the filing of the certified copy of the order passed by Hon’ble NCLT Kolkata with the Registrar of Companies, West Bengal. Kindly take the same in your records. Thanking You, For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary & Compliance Officer Membership No. F13320 Encl: as above 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 IN THE NATIONAL COMPANY LAW TRIBUNAL KOLKATA BENCH, COURT NO. I COMPANY PETITION (CAA) NO. 39/KB/2026 COMPANY APPLICATION (CAA) NO. 207/KB/2025 An Application under Sections 230 to 232 of the Companies Act, 2013 read with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and other applicable.provisions. In the matter of: A Scheme of Merger (Second Motion): SHREE VENKATESHWARA ELECTROCAST PRIVATE LIMITED (hereinafter referred as the Transferor Company), a Company registered under the Companies Act, 1956 and is validly subsisting under the Companies Act, 2013 bearing CIN: U27109WB2005PTC102680 and having its registered office at P-19, Plate No. D403, CPT Colony, Taratala Road, Taratala Road, Kolkata, Kolkata, West Bengal, India, 700088, in the State of West Bengal, within the aforesaid jurisdiction. …Petitioner Company / Transferor Company SHYAM SEL AND POWER LIMITED (hereinafter referred as the Transferee Company), a Company registered under the Companies Act, 1956, and is validly subsisting under the Companies Act, 2013 bearing CIN: U27109WB1991PLC052962 and having its registered office at P- 19, Plate No. D403, CPT Colony, Taratala Road, Taratala Road, Kolkata, Kolkata, West Bengal, India, 700088, in the State of West Bengal, within the aforesaid jurisdiction. …. Transferee Company IN THE NATIONAL COMPANY LAW TRIBUNAL KOLKATA BENCH, COURT NO. I COMPANY PETITION (CAA) NO. 39/KB/2026 COMPANY APPLICATION (CAA) NO. 207/KB/2025 IN THE MATTER OF: 1. Shree Venkateshwara Private Limited 2. Shyam Sel And Power Limited … Petitioner Company Coram: Smt. Bidisha Banerjee : Member (Judicial) Ms. Rekha Kantilal Shah: Member (Technical) Date of Pronouncement: 16.10.2026 Ld. Counsel(s) on Record appeared Physically/ through Video Conferencing: For the Petitioner : 1.Mr. D.N. Sharma, Senior Advocate 2.Mr. Sidhartha Sharma, Advocate 3.Mr. Rishav Dutt, Advocate 4.Mr. Aman Kataruka, Advocate ORDER Per: Rekha Kantilal Shah, Member (Technical) 1. Ld. counsel for the petitioners present. 2. The instant petition has been filed under Section 230(6) read with Section 232(3) of the Companies Act, 2013 (“Act”) for sanction of the Scheme of Amalgamation of Shree Venkateshwara Electrocast Private Limited (“SVEPL”), being the Transferor Company with Shyam Sel and Power Limited (“SSPL”), being the Transferee Company whereby and whereunder the entire Undertakings of the Page 2 of 33 IN THE NATIONAL COMPANY LAW TRIBUNAL KOLKATA BENCH, COURT NO. I COMPANY PETITION (CAA) NO. 39/KB/2026 COMPANY APPLICATION (CAA) NO. 207/KB/2025 Transferor Company are proposed to be transferred to and vested in the Transferee Company from the Appointed Date, viz 1st April, 2024 in the manner and on the terms and conditions stated in the said Scheme of Amalgamation (“Scheme”). The Scheme is annexed as Annexure “A” in VOL I at Pages No 56 to 99 of the petition. 3. The Petition has now come up for final hearing. Counsel for the Transferor Company/ Petitioner Company submit as follows: 4. The instant Company Petition has been filed in the second stage of the proceedings under Section 230(6) read with Section 232(3) of the Companies Act, 2013 (“Act”) for sanction and confirmation of the Scheme of Amalgamation of : Shree Transferor Company / Petitioner Venkateshwara Company Electrocast Private Limited With Shyam Sel and Power Limited -Transferee Company, from the Appointed Date 01st April, 2024 as defined in the Scheme, in the manner and on the terms and conditions stated in the said Scheme of Amalgamation (“Scheme”). 5. It is submitted by Ld. counsel appearing for the Petitioner/Transferor Company that as per the Scheme the Appointed Date is 01st April, 2024. Page 3 of 33 IN THE NATIONAL COMPANY LAW TRIBUNAL KOLKATA BENCH, COURT NO. I COMPANY PETITION (CAA) NO. 39/KB/2026 COMPANY APPLICATION (CAA) NO. 207/KB/2025 6. It is submitted by Ld. Counsel appearing for the Petitioner/Transferor Company that none of the Companies involved in the scheme is a NBFC Company. 7. The shares of the Transferee Company and Transferor Company/Petitioner Company are not listed on the stock exchanges. 8. The Transferor Company is a wholly owned subsidiary of the Transferee Company, with 90% of the equity shares being held directly by the Transferee Company and the remaining 10% being held through its nominees. 9. It is submitted by Ld. counsel appearing for the Petitioner/Transferor Company that, a copy of the order passed by this Bench of the Tribunal on 3rd December, 2025 in Company Petition CA(CAA) NO 207 / KB/ 2025 is annexed to the Company Petition marked – Annexure – R in VOL III at Page No 308 to 322. 10. It is submitted by Ld. counsel appearing for the Petitioner/Transferor Company that the Board of Directors of the Petitioner/Transferor Company and the Transferee Company have at their respective meeting held on 28th of October, 2025 have passed resolution adopting the proposed Scheme of Amalgamation. A copy of the Resolution passed by the Board of Directors of the Petitioner/Transferor Company is annexed to the Company Petition marked – Annexure – P in VOL II at Page No 299 to 302 and the Transferee Company annexed to the Company Petition marked – Annexure – Q in VOL III at Page No 303 to 307. Page 4 of 33 IN THE NATIONAL COMPANY LAW TRIBUNAL KOLKATA BENCH, COURT NO. I COMPANY PETITION (CAA) NO. 39/KB/2026 COMPANY APPLICATION (CAA) NO. 207/KB/2025 11. It is submitted by Ld. counsel appearing for the Petitioner/Transferor Company that no shares are being issued and as such there is no requirement of share exchange ratio or valuation report. 12. It is submitted by Ld. counsel appearing for the Petitioner/Transferor Company that, the list of shareholders of the Petitioner/Transferor Company as on 01.04.2024 duly certified by the Statutory Auditors of the Petitioner//Transferor Company is annexed to the C [Showing first 8,000 characters — download PDF for full document]