Corrigendum regarding the typographical error in the Notice of Annual General Meeting in regard to the Record date for Final Dividend of FY 2025-26

SMEL/SE/2026-27/65 August 07, 2026 The Secretary, Listing Department The Manager - Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street “Exchange Plaza”, 5th Floor, Plot No. C/1, G Mumbai 400 001 Block, Bandra-Kurla Complex, Bandra (East), Maharashtra, India Mumbai 400 051 Scrip Code: 543299 Maharashtra, India Symbol: SHYAMMETL Sub: Clarification / Corrigendum regarding typographical error in the Notice of Annual General Meeting Ref: Submission of Annual Report incorporating Notice submitted on 3rd August, 2026 Dear Sir/Madam, This has reference to the Notice of the Annual General Meeting (AGM) and the Annual Report for the Financial Year 2025–26 submitted to the Stock Exchanges on 03rd August, 2026. We would like to bring to your attention a typographical / clerical error in the said Notice forming part of Annual Report regarding the Record Date:  Incorrectly mentioned Record Date: Tuesday, 18th August, 2026  Correct Record Date: Friday, 7th August, 2026 Kindly be noted that, the correct Record date of 7th August, 2026 is already reflecting on the Exchange Portals at the respective places which was timely disseminated after the Board Meeting. We sincerely regret the inadvertent clerical error. Accordingly, we are submitting herewith the Corrected Notice forming part of the Annual Report for FY 2025-26 incorporating the necessary correction on page number 98. The corrected version of the same is also being made available on the website of the Company at https://shyam-metalics- documents.s3.ap-south-1.amazonaws.com/undefined/fe24900a-0b15-4a77-bd12-90c4d63af995- Annual%20Report%20for%20the%20FY%202025-26.pdf. We request you to kindly take this clarification and the revised document on record and update the same on your platform for the information of the members and investors. This is for your information and records. Thanking you, Yours faithfully, For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary Membership No. FCS 13320 Enclosed: 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 to Metal. Metal to . Value Shyam Metalics and Energy Limited Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements Page 01-73 Page 74-216 Page 217-368 CONTENTS 01-73 CORPORATE OVERVIEW 74-216 STATUTORY REPORTS Build the Moat. Then Build from the Moat. 01 Corporate Information 75 Three Rankings. Twenty Years. Zero Losses. 02 Management Discussion & Analysis 76 The Lowest Cost in the Room 05 Notice of the 24th Annual General Meeting 92 The Discipline to Start. The Discipline to Stop. 07 Board’s Report 112 From Commodity to Speciality. From Tonnage to Value. 09 Business Responsibility and Sustainability Report 142 The Only Company in India That Can Do This. 10 Corporate Governance Report 185 2.3x Revenue. 2.7x EBITDA 12 217-368 FINANCIAL STATEMENTS Statement From the Chairman Emeritus14 Standalone Financial Statement 217 Statement From the Chairman and Managing Director 16 Consolidated Financial Statement 290 Statement From the Joint Managing Director 18 Message From the Director Finance and CFO 20 SMEL at a Glance 22 Milestones That Shaped Us 24 For more investor-related An Industrial Footprint Built for Scale 26 information, please visit: Global Operational Presence 28 https://shyammetalics.com/ the Build Moat. A Portfolio Built for Performance 31 Or Creating Value Through Integration 50 The Numbers Behind Our Growth 52 Scan this QR code to navigate to Then from Build investor-related information. Assuring Quality Across the Value Chain 54 Innovation at the Core 56 Building Brands for the Future 58 the Moat. Growing with Purpose 60 Our Eminent Board 70 This has been our operating philosophy for over two decades. We built vertically integrated operations spanning ore to finished steel. We secured captive power to anchor cost leadership. We connected plant to port through dedicated logistics. Every layer added with a single objective: to create an industrial foundation resilient enough to fund what comes next. What comes next is already here. We are building a stainless-steel Market Capitalisation as on D 21,487.57 Crore/ D 21,523.86 Crore platform serving infrastructure and engineering. We are operating an BSE / NSE (March 31, 2026) aluminium foil facility that will cater to the EV battery value chain in CIN L40101WB2002PLC095491 the current year. We are commissioning a manufacturing facility for BSE Code 543299 railway wagons from our own metal for the nation’s rail network. We NSE Symbol SHYAMMETL are setting up a Special Bar Quality Mill dedicated for auto-grade steel AGM Date August 25, 2026 which should see the light of day in the next 2-3 years. Our ore-to- Video Conferencing (VC)/Other Audio-Visual AGM Venue metal mastery is now generating metal-to-value outcomes. Means (OAVMs) This report documents our transition from foundation to Disclaimer forward momentum. In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information. Annual Report 2025-26 01 Corporate Overview Statutory Reports Financial Statements Shyam Metalics and Energy Limited Page 01-73 Page 74-216 Page 217-368 Three Rankings. Years. Twenty Losses. Zero India’s 6th Largest Integrated Steel Producer. The 2nd Largest Coal- Based Sponge Iron Player. The Largest Aluminium Foil Exporter from the Country. We were none of these in 2005. We were a single sponge iron unit in West Bengal with a conviction that vertical integration could build a structurally profitable metals company. Twenty years later, we operate a 16.78 MTPA integrated manufacturing platform across eight manufacturing facilities in four states. We have recorded a profit in every single year since inception. Every year through the 2008 financial crisis. Every year through the 2015 commodity downturn. Every year through the pandemic. Twenty-year numbers. Not peak-cycle numbers. Even during our most tested periods, these rates held at 16% (Revenue growth), 19% (EBITDA growth) and 12% (Net Profit growth) respectively. Growth slowed. But, it held. 24 Our promoters hold 74.59% of the Company today. Over D 1,600 Crore REVENUE CAGR ACROSS returned to shareholders since listing. This is a business built entirely TWO DECADES on reinvesting its own earnings. And it still rewards the people who believed in it. These credentials were assembled for deployment. The compounding speaks for itself. % EBITDA CAGR ACROSS TWO DECADES PAT CAGR [Showing first 8,000 characters — download PDF for full document]