Shyam Metalics & Energy Ltd

Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 we are pleased to inform you that M/s. Natural Resources Energy Pvt. Ltd. - a company in which our Promoter Group Company M/s. Dorite Tracon Private Limited hold 49% economic interest has been declared as the preferred bidder by the Directorate of Geology and Mining Government of Maharashtra for Surjagad 1 Iron Ore Block in the state of Maharashtra in the recent auction held for commercial iron ore blocks with 126.35% revenue share. Our Operating Companies shall now reap the benefits of having iron ore mines and be fully backward integrated.The necessary agreements/documentation for the above block shall be executed as per the instructions to be received from the Directorate of Geology and Mining Government of Maharashtra.This is for your information and records.