Disclosure of material issue

SMEL/SE/2026-27/34 June 18, 2026 The Secretary, The Manager – Lis(cid:415)ng Department Lis(cid:415)ng Department, BSE Limited Na(cid:415)onal 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, Subject: In(cid:415)ma(cid:415)on under Regula(cid:415)on 30 of SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015 – Acquisi(cid:415)on of 26% Stake by the Company. In accordance with the provisions of Regula(cid:415)on 30 of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015 (“SEBI Lis(cid:415)ng Regula(cid:415)ons”), we wish to inform you that Shyam Metalics and Energy Limited (SMEL) has acquired 26% Equity Share Capital in Emerge Green Power Private Limited (EGPPL) and consequently become an Associate Company of the Company. This acquisi(cid:415)on involves allotment of 26,000 equity shares of Emerge Green Power Private Limited to the Company which resulted in holding of 26% Equity Shares in EGPPL. This strategic investment enables the Company to qualify as a cap(cid:415)ve user pursuant to the relevant provisions of the Electricity Act, 2003 and Rules made thereunder and to get the benefit of preferen(cid:415)al tariff thereby reducing overall energy costs and u(cid:415)lising environment friendly renewable green and sustainable energy. -The details with respect to the said acquisi(cid:415)on as required under Regula(cid:415)on 30(6) read with Schedule III Part A Para A (1) of the Lis(cid:415)ng Regula(cid:415)ons and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are a(cid:425)ached as Annexure -A. You are requested to take the same on record. Thanking you, For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary & Compliance Officer Membership No. F13320 Encl: as above Annexure-A Details required under SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sl. No. Par(cid:415)culars Details a) Name of the target en(cid:415)ty, details in brief Emerge Green Power Private Limited such as size, turnover etc.; (EGPPL) is an Indian Company Incorporated under the Companies Act, 2013 on 17th February, 2025 with an object se(cid:427)ng up and opera(cid:415)ng the Cap(cid:415)ve Genera(cid:415)ng Plant for the purposes of genera(cid:415)ng and selling electricity. Turnover: NIL (Emerge Green Power Private Limited was incorporated on 17th February, 2025 and is yet to commence business). b) Whether the acquisi(cid:415)on would fall within This transac(cid:415)on does not fall under the related party transac(cid:415)on(s) and whether ambit of Related Party Transac(cid:415)on. the promoter/ promoter group/ group companies have any interest in the en(cid:415)ty The Promoter/promoter group/ group being acquired? companies of the Company do not have any interest in the en(cid:415)ty Emerge Green Power If yes, nature of interest and details thereof Private Limited whose equity shares are and whether the same is done at “arm’s being acquired. length”; c) Industry to which the en(cid:415)ty being acquired Solar Power Genera(cid:415)on belongs; d) Objects and impact of acquisi(cid:415)on (including Acquisi(cid:415)on of 26% equity stake in Emerge but not limited to, disclosure of reasons for Green Power Private Limited with the acquisi(cid:415)on of target en(cid:415)ty, if its business is primary objec(cid:415)ve of qualifying as a cap(cid:415)ve outside the main line of business of the user and consume solar power generated by listed en(cid:415)ty); Emerge Green Power Private Limited. This strategic investment enables the Company to procure solar power at a preferen(cid:415)al tariff for its manufacturing opera(cid:415)ons, thereby reducing overall energy costs and thereby u(cid:415)lising environment friendly renewable green and sustainable energy. Although the target company operates in the renewable energy sector - which is outside Company’s core steel and ferro alloy business - the acquisi(cid:415)on is directly aligned with its long-term strategy of ensuring reliable, cost-efficient, and environmentally friendly renewable green and sustainable power for its energy-intensive industrial opera(cid:415)ons. The acquisi(cid:415)on is expected to:  Reduce the company's dependence on grid power and lower energy costs  Contribute to environmental goals through increased usage of green power  Improve EBITDA margins due to lower opera(cid:415)onal expenditure on power  Support compliance with regulatory norms and ESG frameworks. e) Brief details of any governmental or Not Applicable regulatory approvals required for the acquisi(cid:415)on; f) Indica(cid:415)ve (cid:415)me period for comple(cid:415)on of the 18th June, 2026 acquisi(cid:415)on g) Considera(cid:415)on - whether cash considera(cid:415)on The Company has paid the considera(cid:415)on or share swap or any other form and details amount in single tranche amoun(cid:415)ng to ₹ of the same; 75,01,260 /- through Online mode (RTGS). h) Cost of acquisi(cid:415)on and/or the price at which ₹ 75,01,260 /- the shares are acquired; 26000 Equity shares having face value of Rs. 10/- each issued at a premium of ₹ 278.51/- per share aggrega(cid:415)ng ₹ 75,01,260. i) Percentage of shareholding / control Acquisi(cid:415)on of 26000 Equity Shares in acquired and / or number of shares Emerge Green Power Private Limited acquired; (EGPPL) resul(cid:415)ng in the Company holding 26% of the Equity share capital of EGPPL. j) Brief background about the en(cid:415)ty acquired Emerge Green Power Private Limited is an in terms of products/line of business Indian Company, incorporated on 17th acquired, date of incorpora(cid:415)on, history of February, 2025 which intends to setup Solar last 3 years turnover, country in which the Power Genera(cid:415)on unit. acquired en(cid:415)ty has presence and any other significant informa(cid:415)on (in brief); Market Presence: India Turnover for the last 3 Years: NIL (The Company was incorporated on 17th February, 2025 and is yet to commence its business.)