SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Shyam Century Ferrous informs about outcome of board meeting

11 Aug 2022 Evaluate
Further to intimation dated 6th August, 2022 and in terms of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shyam Century Ferrous has informed that the Board of Directors of the Company at its meeting held today, i.e., 11th August, 2022, subject to approval of the shareholders, has unanimously approved a proposal to Buy-back up to 1,00,00,000 fully paid-up Equity Shares of Re 1 each of the Company (representing 4.50% of the total Equity Capital) from all the Equity shareholders of the Company on a proportionate basis through the Tender Offer route using the Stock Exchange Mechanism as prescribed under the Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 (the Buy-back Regulations) as amended, at a price of Rs 28 per share payable in cash for an aggregate consideration not exceeding Rs 28,00,00,000 (excluding company’s transaction cost such as brokerage, buy-back tax, securities transaction tax, GST, stamp duty and other related expenses etc.) (the buy-back offer Size) in accordance with provisions of the Companies Act, 2013 and the Buyback Regulations, as amended.

The above information is a part of company’s filings submitted to BSE.

Shyam Century Share Price

5.61 0.15 (2.75%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Metal & Ferro 1566.85
Maithan Alloys 1036.10
Nava 704.50
Indsil Hydro Power 41.30
Shyam Century 5.61
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×