Shyam Metalics and Energy to acquire Alom Solar Private Limited
Shyam Metalics and Energy (BSE: SHYAMMETL) said it has agreed a deal to acquire Alom Solar Private Limited. The company is valued at about ₹32,460 crore.
What happened
Shyam Metalics and Energy (BSE: SHYAMMETL) informed the stock exchanges on 31 October 2026 at 01:13 PM that it has agreed a deal to acquire Alom Solar Private Limited.
From the filing: "The proposal to acquire a 51% controlling equity stake in Alom Solar Private Limited on acquisition of Alom Solar Private Limited becomes the subsidiary of the Company"
Company snapshot
Shyam Metalics and Energy is a mid-cap company in the Capital Goods sector, with a market value of about ₹32,460 crore.
The stock last traded at ₹1,162.9, against a 52-week range of ₹746–₹1,240.5 (6.3% below the high).
Before this filing the shares had moved +6.8% over the month and +11.7% over three months. Average daily turnover over the last 20 sessions was about ₹46.55 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
This is not the company's first m&a disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 4.3% on average the next trading day and was down 3.0% on average after five days (3 filings with price data).
Across 163 similar disclosures by other Capital Goods companies, shares moved −0.1% on average the next day and −0.2% over five days; 47% of them rose the next day.
Market-wide, 2,231 m&a filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 23 Oct 2026 | Press Release issued dated 23rd October, 2026 | −6.2% | — |
| 22 Oct 2026 | We are enclosing scheme of amalgamation of Shree Venkateshwara… | −5.4% | — |
| 18 Jun 2026 | M&A | −1.5% | −3.0% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
- 31 October 2026: Board meeting — Financial Results/Other business matters.
In the news
Recent coverage elsewhere (links open the original publisher):
- Shyam Metalics and Energy Limited Appoints Anindya Mukherjee as Chief – Strategy and Business Excellence
- SHYAMMETL Share Price Today - Shyam Metalics & Energy on NSE/BSE
- Shyam Metalics subsidiary secures NCLT approval to merge aluminium foil unit
- Shyam Metalics subsidiary gets NCLT nod for merger of aluminium foil unit
- Shyam Metalics And Energy - PC Jeweller among 8 stocks that hit 52-week high and rallied up to 42% in a month
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.