Analysts/Institutional Investor Meet/Con. Call Updates

SMEL/SE/2026-27/97 November 07, 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 Second Quarter and Half Year Ended 30th September, 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 Monday, 02nd November, 2026 for the Un-audited (Standalone and Consolidated) financial result of the company for the second quarter and half year ended 30th September, 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 Q2 FY27 Earnings Conference Call” November 02, 2026 MANAGEMENT: MR. BRIJ BHUSHAN AGARWAL – CHAIRMAN AND MANAGING DIRECTOR – SHYAM METALICS AND ENERGY LIMITED MR. DEEPAK AGARWAL – EXECUTIVE DIRECTOR, FINANCE AND COMPLIANCE – SHYAM METALICS AND ENERGY LIMITED MR. PANKAJ HARLALKA – HEAD OF INVESTOR RELATIONS – SHYAM METALICS AND ENERGY LIMITED MODERATOR: MR. BINAY SARDA – E&Y Page 1 of 13 Shyam Metalics and Energy Limited November 02, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q2 FY27 Earnings Conference Call for Shyam Metalics and Energy Limited. 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 conference, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Pankaj Harlalka from Shyam Metalics and Energy Limited. Thank you, and over to you, sir. Pankaj Harlalka: Thank you, Dorwin. Thank you, ladies and gentlemen, for joining us on the call. I wish you all a very good afternoon and an advance Shubh Deepavali, and a warm welcome to the second quarter FY27 post-results conference call. Before we delve into discussing the quarterly numbers, I hope you all had an opportunity to review our press release and the attendant investor presentation, read along with the Safe Harbor statement, which are available under the Investor section on our website, and the same are accessible in the BSE, NSE websites also. To discuss the second quarter and H1 FY27 results, I'm joined by Mr. Brij Bhushan Agarwal, Chairman and Managing Director; Mr. Deepak Agarwal, Executive Director, Finance and Compliance; and Mr. Binay Sarda from E&Y, our Investor Relations partner. Now I would like to invite Brij Bhushan ji to provide his perspective on the performance of the second quarter of the current financial year. He will also provide his thoughts on our strengths and future strategies. Thank you, and over to you, sir. Brij Bhushan Agarwal: Very good afternoon, ladies and gentlemen. Welcome to Shyam Metalics Q2 H1 FY27 Earnings Call. I wish you and your family a very, very Happy Diwali and a prosperous festive season. Our ambition for Shyam Metalics is clear; to build a leading integrated multi-metal business with the capability, cost competitiveness, and financial strength to grow across industry cycles. The first half of FY27 reflects our progress towards that ambition, as investment in downstream business begins to translate into greater operating scale. We are pursuing this transformation against a mixed global backdrop. The World Steel Association October outlook projected broadly flat global steel demand in 2026, followed by 1.7% growth in 2027. India remains the major source of growth with the demand expected to increase 7.9% in 2026 and 8% in 2027. The opportunity is substantial and our priority is to build the capability to capture the opportunity with profitability. In Q2 FY27, revenue grew 33.4% year-on-year to INR5,960 crores, supported Page 2 of 13 Shyam Metalics and Energy Limited November 02, 2026 by a 26% increase in the sales volume. The growing contribution of flat steel and the stainless steel demonstrate the direction of our transformation. Under Vision 2031, we are building a business that captures the greater value for every stage of production and converts that advantage into sustainable earnings for the long-term value chain and for the beneficial for our shareholders' value. Across our metal portfolio, we are investing to broaden our capability and capture the greater value from our integrated operation. In carbon steel HR product, the planned capacity of 1.6 million ton HR mill will strengthen our downstream foundation, while the INR900 crores and 0.8 million tons specialty bar combo mill auto steel project at Kharagpur will extend our presence into the specialized steel grade. This capability will help us to serve more demanding, engineering and manufacturing applications and build deeper customer relationship and add much greater value in the complete supply chain management. Stainless steel represents our other significant opportunity where we are diversifying by investing INR2,700 crores expansion in our Odisha plant, with complete downstream processing capability together is scheduled both to be commissioned target by March 2029, including the SBQ plant. By FY31, we expect this business to contribute approximately INR1,100 crores EBITDA from stainless steel and INR1,000 crores EBITDA from SBQ business, respectively. Our ambition to build a competitive integrated stainless steel complex, where we all know that we have a capability of having the backward integration, where more than 75% to 80% of the ingredients in making stainless steel will be added in the complete supply chain management. In aluminum, our focus is on building an integrated downstream business with greater control over feedstock, quality and cost. The newly commissioned foil facility expanded our market presence, while the plant's flat roll product facility will strengthen in our house foil stock availability by strengthening the raw material, going backward integration, and adding more value to the complete supply chain management. Fin stock and battery foil offers opportunities to serve specialty application -- special application and broaden our customer base. We will develop this business in time with customer's requirement with emphasis on product qualification, commercial viability, and profitable growth. One more development during the quarter was proposed by acquiring 51% controlling stake in a company called Alom Solar Private Limited, the successful bidder for the Phutamura coal block in Chhattisgarh, advance our strategy to create integrated operation. With estimate reserve of 170 million tons and the production expected by July 2027, the block will support long-term captive coal requirement and reduce the dependency on the external sources. Page 3 of 13 Shyam Metalics and Energy Limited November 02, 2026 The estimated capex for the said project is going to be INR360 crores, where our share is going to be close to INR185 crores. An initiative is expected to generate an incremental EBITDA of close to INR400 crores by FY31. Together with [Showing first 8,000 characters — download PDF for full document]