It gives me immense pleasure to report a strong operating and financial performance ofShyam Metalics and Energy Limited (SMEL) for the year 2021-22. We have constantlychallenged ourselves to deliver more and set new benchmarks in the process.

Outperformance

Strong operational achievements were complemented by a robust financial performancethat returned to the shareholders in form of dividend. This was made possible by the skilland commitment of our management and employees who delivered the planned ramp-ups acrossour manufacturing units.

Added a disciplined capital allocation approach underpinned by strong commodityprices provided further strength to our performance. We celebrate a journey of continuedresilience in the year gone by coupled with optimism for a better future. As one ofIndia's largest ore to metal Company we continue to create jobs support our hostcommunities and generate value along our entire supply chain. In midst of all:

We reported a consolidated revenue of Rs10394 Crores growth of 65% over the lastyear.

Our consolidated EBITDA grew by 87% toRs 2600 Crores for the year ended March 312022.

We reported an exceptional consolidated net profit growth of 104% for the year endedMarch 31 2022.

We declared interim dividend on two occasions @ 22.5% (Rs 2.25/- per equity share).With a strong net cash flow from operating activity we further declared a final dividendper share of Rs 2.70 subject to approval of the shareholders.

Forging foundations for fuelling tomorrow's growth

Shyam Metalics does not only intend to become a larger Company it intends to become amore profitable Company as well. In doing so the Company is clearly reinventing itselfthrough various organic and inorganic initiatives which would help the company to leverageits brand leaps and bounds.

Committed to sustainability

In our move towards sustainable growth and value creation we have appointed GrowlityInc. management consultants for a comprehensive diagnostic study on our company'sEnvironmental Social & Governance (ESG) fundamentals implementation ESG framework& compliance thereof. In parallel to our ongoing drive towards sustainable growth weare also determined to safeguard our environment and contribute to uplift our societywhile generating value through our ESG framework and that will provide us an opportunityto develop and maintain a culture of business sustainability and material aspects to ourstakeholders.

Looking ahead with confidence

Moving forward I am confident that we will continue to uphold our true spirit ofmaintaining strong governance practices creates benchmark performance and continue toinstil confidence among our stakeholders. SMEL enjoys a strong presence in the iron &steel industry and is a true leader in this dynamic market. The energy spirit andadaptive approach we've brought augmented by the resolute commitment and efficiency ofour employees and channel partners will certainly help us maintain our leadershipposition and grow our footprints in coming years. Thank you to all of you our valuedshareholders for your trust and confidence in Shyam Metalics and Energy Limited. Yoursupport goes a long way in inspiring us to deliver business excellence and a strongfinancial performance.