The board of directors of Shyam Metalics and Energy Limited meeting held on July 27, 2023, approved appointment of Mr. Malay Kumar De as an Additional Director (Non- Executive) in the capacity of an Independent Director of the Company for a term of 5 years, with effect from 27th July, 2023 till 26th July, 2028, subject to the approval of Shareholders. Appointment of Mr. Shashi Kumar as an Additional Director (Non-Executive) in the capacity of an Independent Director of the Company for a term of 5 (five years) with effect from 27th July, 2023 till 26th July, 2028, subject to the approval of Shareholders. Approved resignation of Mr. Ashok Kumar Jaiswal from the position of Non-Executive independent Director of the Company due to personal reasons from the closure of business hours of 27 July,2023.

Consequent to change in the composition of the Board of Directors of the Company, the Board of Directors have approved the reconstitution of certain committees of the Board of Directors with effect from 27 July, 2023 as under: Audit Committee: Kishan Gopal Baldwa as Chairman; Rajni Mishra, Yudhvir Singh Jain and Sanjay Kumar Agarwal as members; Stakeholders' Relationship Committee: Yudhvir Singh Jain as Chairman; Rajni Mishra and Sanjay Kumar Agarwal as members. Nomination and Remuneration Committee: Kishan Gopal Baldwa as Chairman, Yudhvir Singh Jain and Mahabir Prasad Agarwal as members. Mr. Malay Kumar De aged about 64 Years is a Retired IAS Officer.

Qualification wise, he is M. Sc in Organic Chemistry from University of North Bengal, Siliguri. He has Joined the IAS in 1985 and was allotted West Bengal cadre. He was the Chairman and Managing Director of WBSEDCL and WBSETCL.

He also served as Chief Secretary of West Bengal. Mr. Shashi Kumar aged 76 years, having about 53 years of rich experience in various fields, is a B.Sc. (Hons.) graduated in Mining Engineering from Indian School of Mines, Dhanbad.

He was the Ex- Chairman of Coal India Limited. Since retirement from Coal India Limited, Shri Shashi Kumar has been working as Advisor (Coal) to NTPC Ltd. IFFCO and Chhattisgarh Power Limited.