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Shyam Century Ferrous Shareholders Approve Disposal of Substantial Assets with 99.98% Majority
Shareholders of Shyam Century Ferrous Limited have approved a special resolution to sell, lease, or dispose of the company's substantial assets. The resolution was passed via postal ballot with an overwhelming 99.98% of total votes in favor. A total of 15.20 crore votes were cast in favor, while only 38,140 votes were against. This approval grants the management the authority to proceed with significant corporate restructuring or asset monetization.
Key Highlights
Special resolution passed to sell, lease, or dispose of whole or substantially whole assets under Section 180(1)(a).
Total of 15.20 crore votes polled, representing approximately 71.69% of the total outstanding shares.
99.98% of the total votes (15.20 crore) were in favor of the resolution.
Public non-institutional shareholders cast 4.71 crore votes in favor, showing strong support.
The resolution was passed with the requisite majority as per SEBI and Companies Act regulations.
💼 Action for Investors
Investors should closely monitor upcoming announcements regarding specific asset sales and the valuation achieved. This move could signal a major business pivot or a potential return of capital to shareholders.
Shyam Century Ferrous Q3 Revenue Crashes 97% YoY to ₹83.7 Lakhs; Reports ₹6.14 Cr Net Loss
Shyam Century Ferrous reported a dismal performance for Q3 FY26, with revenue from operations plummeting to ₹83.69 Lakhs from ₹3,267.07 Lakhs in the previous year. The company posted a net loss of ₹613.83 Lakhs, a sharp decline from the marginal profit of ₹6.33 Lakhs in Q3 FY25. This collapse is due to the Meghalaya plant remaining non-operational since May 2025 because of unviable power tariffs. Crucially, the Board has approved the in-principle sale or disposal of the company's entire manufacturing assets, signaling a potential exit from its core business.
Key Highlights
Revenue from operations fell 97.4% YoY to ₹83.69 Lakhs in Q3 FY26.
Net loss for the quarter stood at ₹613.83 Lakhs compared to a profit of ₹6.33 Lakhs in Q3 FY25.
Operations at the Meghalaya plant have been suspended since May 7, 2025, due to high power costs.
Board has approved the sale, lease, or disposal of the company's plant, machinery, and manufacturing rights.
Nine-month total loss widened to ₹937.05 Lakhs against a loss of ₹493.30 Lakhs in the previous year.
💼 Action for Investors
Investors should exercise extreme caution as the company has ceased operations and is moving towards liquidating its core assets. The stock's value will now likely depend on the realization value of its assets rather than operational earnings.
Shyam Century Ferrous Q3 Revenue Crashes 97% to ₹83.69 Lakhs; Board to Sell Plant Assets
Shyam Century Ferrous reported a severe decline in performance for Q3 FY26, with revenue plummeting 97.4% YoY to ₹83.69 Lakhs from ₹3,267.07 Lakhs. The company recorded a net loss of ₹613.83 Lakhs for the quarter, compared to a marginal profit of ₹6.33 Lakhs in the previous year. Operations at the primary Meghalaya plant have been halted since May 2025 due to unviable power tariffs. The Board has now approved the in-principle sale or disposal of substantially all company assets, pending shareholder approval.
Key Highlights
Revenue from operations fell sharply to ₹83.69 Lakhs in Q3 FY26 from ₹3,267.07 Lakhs in Q3 FY25.
Net loss for the quarter stood at ₹613.83 Lakhs versus a net profit of ₹6.33 Lakhs YoY.
Operations at the Meghalaya plant remain suspended since May 7, 2025, due to high power costs.
Board approved the sale, lease, or disposal of plant, machinery, and manufacturing rights subject to shareholder consent.
Nine-month revenue for FY26 dropped to ₹2,225.78 Lakhs from ₹9,097.57 Lakhs in the prior year period.
💼 Action for Investors
Investors should exercise extreme caution as the company's core manufacturing operations have ceased and it is moving toward asset liquidation. The stock's future value will be driven by the recovery value of assets rather than operational growth.
Shyam Century Ferrous Seeks Shareholder Approval for Sale of Substantial Assets
Shyam Century Ferrous Limited has issued a postal ballot notice seeking shareholder approval to sell, lease, or dispose of the company's entire or substantial assets. The proposal covers plant and machinery, fixtures, and manufacturing rights, which may be divested via slump sale or other contractual arrangements. The e-voting period is set for January 11 to February 9, 2026, with results expected by February 11, 2026. This move indicates a potential major strategic shift or a total exit from current manufacturing operations.
Key Highlights
Proposal to divest 'whole or substantially the whole' of company assets under Section 180(1)(a).
Assets include Plant & Machinery, Tools, Equipment, and all Manufacturing Rights/Approvals.
Remote e-voting period scheduled from January 11, 2026, to February 9, 2026.
Cut-off date for determining shareholder voting eligibility was January 2, 2026.
Final results of the postal ballot will be declared on or before February 11, 2026.
💼 Action for Investors
Investors should closely monitor the company's rationale for this divestment and the planned utilization of sale proceeds. This development could lead to a significant change in the company's business model or a potential liquidation of core operations.
Shyam Century Ferrous Board Approves Sale of Entire Business Undertaking
The Board of Shyam Century Ferrous has granted in-principle approval to sell or dispose of the company's entire assets, including plant, machinery, and manufacturing rights. This undertaking accounts for 100% of the company's revenue, which was Rs. 11,314.61 Lacs in FY25. The company's net worth stood at Rs. 10,621.27 Lacs as of March 31, 2025. The transaction is subject to shareholder approval via postal ballot, and a buyer is yet to be identified.
Key Highlights
Board approved the in-principle sale of 100% of the company's assets and manufacturing rights
The undertaking contributed Rs. 11,314.61 Lacs in revenue during the last financial year
Company net worth as of March 31, 2025, was reported at Rs. 10,621.27 Lacs
Shareholder approval will be sought via Postal Ballot under Regulation 37A of SEBI LODR
The company is currently in the process of identifying a buyer for the proposed transaction
💼 Action for Investors
Investors should closely monitor the valuation at which the assets are sold and the management's plan for the sale proceeds. The stock is likely to remain volatile until a buyer and transaction price are finalized.
Shyam Century Ferrous Board Approves Sale of Assets Contributing 100% of Revenue
The Board of Shyam Century Ferrous has granted in-principle approval to sell, lease, or dispose of substantially all of its assets, including plant, machinery, and manufacturing rights. These assets accounted for 100% of the company's revenue, totaling Rs. 113.15 crore, and a net worth of Rs. 106.21 crore as of March 31, 2025. The company is currently in the process of identifying buyers and will seek shareholder approval through a postal ballot. This move indicates a potential complete exit from its current manufacturing operations.
Key Highlights
Board approved disposal of assets contributing 100% of the company's total revenue.
Turnover involved in the proposed disposal is Rs. 11,314.61 Lacs as of FY 2024-25.
The net worth of the company as of March 31, 2025, stands at Rs. 10,621.27 Lacs.
The transaction is subject to shareholder approval via postal ballot under Regulation 37A.
The company is currently in the process of identifying potential buyers for the assets.
💼 Action for Investors
Investors should closely monitor the sale valuation and the company's subsequent plans for the cash proceeds or any new business pivot. Exercise caution as the disposal of the entire revenue-generating undertaking creates significant uncertainty regarding future operations.