Shyam Century Ferrous Shareholders Approve Asset Disposal

Shyam Century Ferrous Limited shareholders approved the disposal of substantially whole assets through postal ballot with 99.97% votes in favour. The resolution was passed with requisite majority on February 9, 2026.

Shyam Century Ferrous Q3FY26 Loss Widens to ₹613.83 Lakhs

Shyam Century Ferrous reported a net loss of ₹613.83 lakhs for Q3FY26 compared to ₹6.33 lakhs profit in Q3FY25. Revenue declined 97.44% YoY to ₹83.69 lakhs amid plant closure since May 2025.

Shyam Century Ferrous Board Approves Asset Disposal Plan

Shyam Century Ferrous Limited's board has given in-principle approval to dispose of substantially all company assets including plant & machinery, and authorized postal ballot for shareholder approval under Regulation 37A.

Mahabir Prasad Agarwal Group Reduces Stake in Shyam Century Ferrous Limited

Mahabir Prasad Agarwal and persons acting in concert reduced their combined shareholding in Shyam Century Ferrous Limited from 19.213% to 18.551% through open market transactions. The group sold 14,03,952 shares (0.661% stake) between November 25-26, 2025, affecting their position as significant shareholders in the company.

Shyam Century Ferrous Reports Loss as Plant Operations Cease Due to Power Tariff Hikes

Shyam Century Ferrous Limited reported a net loss of ₹328.29 lakhs for the second quarter ended September 30, 2025, compared to a loss of ₹636.84 lakhs in the same period last year. The company ceased operations at its plant in Byrnihat, Meghalaya from May 7, 2025 due to significant increases in power tariffs making operations economically unviable. Total income dropped to ₹1,019.70 lakhs from ₹1,333.27 lakhs year-over-year. The Board approved the quarterly results and management is evaluating restructuring and revival measures to restore plant viability. The company is primarily engaged in manufacturing and selling ferrosilicon.