Shyam Century Ferrous Limited has announced a notice of postal ballot through remote e-voting to seek shareholder approval for the sale, lease, or disposal of the company's whole or substantially the whole assets. This decision comes after the company's manufacturing operations in Meghalaya were impacted by persistent operational and financial challenges, particularly a significant increase in power costs, rendering them financially unviable. The plant operations were closed effective May 7, 2025.

The remote e-voting period will commence on Sunday, January 11, 2026, at 09:00 a.m. IST and conclude on Monday, February 9, 2026, at 05:00 p.m. IST. The results of the postal ballot are expected to be declared on or before Wednesday, February 11, 2026, by 05:00 p.m. IST.

The proposed resolution allows the Board of Directors to divest assets, including plant and machinery, through modes such as slump sale or asset sale. The proceeds from such disposal are expected to be utilized for meeting running expenses, investments, dividend distribution, buybacks, or other purposes as decided by the Board. The company has engaged National Securities Depository Limited (NSDL) for the remote e-voting facility.