Intimation of Exercise of Options by the Eligible Employee of the Company

SMEL/SE/2026-27/94 05th November, 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, Dalal Street, Mumbai 400 001 G-Block, Bandra-Kurla Complex, Bandra (East), Maharashtra, India Mumbai 400 051, Maharashtra, India Scrip Code: 543299 Symbol: SHYAMMETL Dear Sir/Madam, Sub: Intimation of Exercise of Options by Eligible Employees under “SMEL Employee Stock Incentive Plan – 2023” Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Company has received fresh exercise requests from the eligible employees under Scheme I – SMEL Performance ESOP Scheme (“ESOP I - 2023”) in respect of the vested options under the aforesaid ESOP Scheme. Based on the said exercise requests, the Nomination and Remuneration Committee (“NRC”) of the Company, at its meeting held on 05th November, 2026 considered and approved the exercise of options and the consequent allotment of equity shares. The same is also being uploaded on the Company’s website at www.shyammetalics.com. Kindly take the same on record and oblige. Thanking You, For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary Membership No. F13320 Encl: as above 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 | Ferro A lloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sl. Particulars Scheme I – SMEL No. Performance ESOP Scheme (“ESOP I - 2023”) 1 Brief details of options granted 1,04,500 Options granted to 5 Eligible Employee under SMEL Employee Stock Incentive Plan - 2023” (ESIP - 2023) sub-plan SMEL Performance ESOP Scheme (ESOP I - 2023). 2 Whether the scheme is in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Yes Regulations, 2021 ('SBEB & SE Regulations'), if applicable 3 Total number of shares covered by these Each stock option is convertible into one fully paid-up options equity share having face value of ₹10 each. 1,04,500 equity shares of face value of ₹10 each are covered by stock options granted. 4 Pricing Formula The said Options were granted to 5 Employees at ₹ 679.43 (Rupees Six Hundred Seventy Nine and Fourty Three Paise Only), i.e. at 25% discount on the market price on 29th August, 2025. The market price is the latest available closing price on the National Stock Exchange of India Limited, which had recorded the higher trading volume in the equity shares of the Company on 28th August, 2025. The same being the previous trading day immediately preceding the date on which the Grant of Options was approved. 5 Time within which option may be exercised The Options granted may be exercised by the Grantee, either in whole or in part, within a maximum period of 1 (One) Year from the date of respective vesting, during the exercise window(s) as may be notified to the Grantee from time to time, by submitting the duly completed exercise application in the format prescribed, along with the applicable exercise price, taxes, and other charges, if any. 6 Brief details of significant terms  The ESOP Scheme is administered via ESOP Trust which is authorized to purchase the shares from the secondary market for facilitating the ESOP exercises.  The grant of Options is based upon the eligibility criteria as determined by the NRC Committee.  The granted Options, once vested shall entitle the Option holder to acquire equal number of Equity Shares, upon 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 | Ferro A lloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes payment of exercise price and applicable taxes in accordance with terms and conditions of the Scheme.  The equity shares allotted, pursuant to the exercise of the Stock Options, would not be subject to lock-in. Options shall vest in the following manner: Date of Vesting Vesting Percentage On first anniversary of 20% of the total Eligible the grant date Options shall vest On second anniversary 23% of the total Eligible of the grant date Options shall vest On third anniversary of 23% of the total Eligible the grant date Options shall vest On fourth anniversary 34% of the total Eligible of the grant date Options shall vest 7 Options Vested Options Vested with effect from 29th August, 2026. 8 Options Exercised 9000 Options were exercised by 1 Eligible Employee 9 Money realized by exercise of Options ₹ 61,14,870 (Rupees Sixty One Lakh Fourteen Thousand and Eight Hundred Seventy Only). 10 The Total number of shares arising as a result of 9000 Shares are Arising as a result of exercise of Options exercise of Option i.e. 1 Option is equal to 1 Share. 11 Options Lapsed Nil 12 Variation in Terms of Options No Variation 13 Subsequent changes or cancellation or exercise Not Applicable of such options 14 Diluted earnings per share pursuant to issue of Not Applicable equity shares on exercise of Options Kindly take the same on record and oblige. Yours Faithfully For Shyam Metalics and Energy Limited Birendra Kumar Jain 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 | Ferro A lloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes