Shyam Metalics and Energy has informed that CoC of the Corporate Debtor (Mittal Corp.) has approved the Resolution Plan and accordingly Resolution Professional vide its letter dated 24.02.2023 has issued the Letter of Intent (LOI) in the name of its Material subsidiary company, Shyam Sel and Power and declared it as Successful Resolution Applicant.
The above information is a part of company’s filings submitted to BSE.