Headline: Shyam Sel and Power Limited Acquires 100% Stake in Star Metalworks Private Limited

In a significant move, Shyam Sel and Power Limited (SSPL), a wholly-owned subsidiary of Shyam Metalics and Energy Limited, has acquired a 100% stake in Star Metalworks Private Limited. The acquisition, finalized on October 29, 2025, involved the purchase of 10,000 equity shares from promoters Mr. Sheetij Agarwal and Mr. Shubham Agarwal for a total consideration of ₹1,00,000.

This transaction is noteworthy as Star Metalworks, incorporated in July 2022, is set to establish manufacturing facilities for various metal products, aligning with SSPL’s strategic growth objectives in the metals industry. As a result of this acquisition, Star Metalworks will now operate as a wholly-owned subsidiary of SSPL and a step-down subsidiary of Shyam Metalics and Energy Limited.

The acquisition is deemed a related party transaction, with the promoters holding prior interests in Star Metalworks. However, it has been conducted at an "arm's length" basis, ensuring compliance with SEBI's regulations.

With no existing turnover, Star Metalworks is preparing to commence business operations, which could enhance the capabilities and offerings of Shyam Metalics in the competitive metals market. This strategic acquisition reflects Shyam Metalics' commitment to expanding its operational footprint and enhancing shareholder value.

For further details on this acquisition and its implications, please refer to the official disclosures on the BSE and NSE.

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