Shyam Metalics and Energy is enclosing scheme of amalgamation of Shree Venkateshwara Electrocast Private Limited into and with…
Shyam Metalics and Energy (SHYAMMETL) said it is enclosing scheme of amalgamation of Shree Venkateshwara Electrocast Private Limited into and with Shaym Sel and Power Limited. The company is valued at about ₹33,373 crore.
What happened
In a filing with the BSE on 22 October 2026 at 11:37 AM, Shyam Metalics and Energy (SHYAMMETL) said that it is enclosing scheme of amalgamation of Shree Venkateshwara Electrocast Private Limited into and with Shaym Sel and Power Limited.
From the filing: "We are enclosing scheme of amalgamation of Shree Venkateshwara Electrocast Private Limited into and with Shaym Sel and Power Limited"
Company snapshot
Shyam Metalics and Energy is a mid-cap company in the Capital Goods sector, with a market value of about ₹33,373 crore.
The stock last traded at ₹1,195.6, against a 52-week range of ₹746–₹1,240.5 (3.6% below the high).
Before this filing the shares had moved +13.9% over the month and +15.4% over three months. Average daily turnover over the last 20 sessions was about ₹67.69 crore.
Promoters held 74.59% at the end of Q1 FY27. Foreign institutions owned 2.97% and domestic institutions 13.75%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 4,419 | 292.2 | 10.45 |
| Q2 FY26 | 4,457 | -1.3 | 9.36 |
| Q3 FY26 | 4,421 | 197.2 | 7.1 |
| Q4 FY26 | 5,240 | 319.1 | 11.2 |
| Q1 FY27 | 5,455 | 345.1 | 12.6 |
What history shows
BCEIE's records show 1 previous m&a filing from the company since May 2026.
Across 156 similar disclosures by other Capital Goods companies, shares moved −0.1% on average the next day and +0.1% over five days; 47% of them rose the next day.
Market-wide, 2,120 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- Shyam Metalics & Energy to invest ₹50,000 cr in 9 mtpa steel plant in Maharashtra
- Shyam Metalics and Energy (BSE:543299) Stock Forecast & Analyst Predictions
- Shyam Metalics Share Price Today: Market Cap and Ratios
- Shyam Metalics Secures Mining Rights for Phutamura Block
- Shyam Metalics and Energy bags mining rights for coalfield in Raigarh
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.