PRADEEP METALS LTD.

Pradeep Metals Ltd has announced that its Board of Directors has recommended a final dividend of 25%, equivalent to ₹2.50 per equity share of ₹10 each, for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming 43rd Annual General Meeting (AGM). The company has fixed Friday, July 31, 2026, as the record date to determine the eligibility of shareholders for receiving this final dividend, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pradeep Metals Ltd has announced the closure of its trading window for dealing in equity shares. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut for all designated persons and their immediate relatives starting July 1, 2026. It is scheduled to reopen 48 hours after the company's financial results for the quarter ended June 30, 2026, are officially declared and made public. This measure is standard practice to prevent potential insider trading before the release of financial information.

Pradeep Metals Ltd has issued a revised intimation regarding an assignment deed for a land lease in Butibori Industrial Area. The revision clarifies that Mr. Pradeep Goyal, Chairman & Managing Director, and Mrs. Neeru Goyal, Non-Executive Promoter Director, hold interests as shareholders/directors in Dhanlabh Engineering Works Private Limited, the party leasing the land. The original disclosure on June 16, 2026, inadvertently omitted this detail. The lease is for a commercial immovable property to set up a greenfield manufacturing facility for precision-engineered defense components, with a total consideration of ₹14,00,00,000. The company states the transaction is in the ordinary course of business, at arm's length, based on independent valuations, and approved by the Audit Committee.

Pradeep Metals Ltd has executed an assignment deed for the lease of a 33,040 sq meter land parcel in Nagpur's Butibori Industrial Area for a total consideration of ₹14 crore. The land will be used for setting up a greenfield manufacturing facility for precision-engineered defense components. The transaction is considered in the ordinary course of business and at arm's length, with approval from the Audit Committee. Mrs. Neeru Goyal, a Non-Executive Promoter Director, has an interest in the lessor, Dhanlabh Engineering Works Private Limited.

Pradeep Metals Ltd's Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, and recommended a final dividend of 25%, i.e., ₹2.50 per equity share of ₹10 each, subject to shareholder approval. The board also approved the re-appointment of directors and auditors. The standalone revenue from operations for the year ended March 31, 2026, was ₹32,784.87 Lakhs and consolidated revenue was ₹33,802.67 Lakhs.

Pradeep Metals Ltd re-appointed M/s. Kirtane & Pandit LLP as Internal Auditors and M/s. Vishesh Naresh Patani as Cost Auditors for the financial year 2026-27. The board also approved the audited financial results for the quarter and financial year ended March 31, 2026, recommended a final dividend of ₹2.50 per equity share, and re-appointed Mr. Kewal Krishan Nohria and Mr. Pradeep Goyal as Directors, subject to shareholder approval.

The Board of Directors of Pradeep Metals Limited is scheduled to meet on May 16, 2026, to consider and recommend the payment of a final dividend, if any, for the financial year ended March 31, 2026. This recommendation is subject to the approval of shareholders at the company's 43rd Annual General Meeting. The board will also approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The trading window closure period commenced on April 1, 2026, and will end 48 hours after the results are made public.

Pradeep Metals Ltd has scheduled a Board of Directors meeting on May 16, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board will also consider recommending a final dividend for FY26, subject to shareholder approval at the upcoming 43rd Annual General Meeting. The trading window closure commenced on April 1, 2026, and will end 48 hours after the results are made public.

Pradeep Metals Ltd has announced a meeting of equity shareholders on June 12, 2026, as directed by the National Company Law Tribunal, Mumbai Bench, regarding the Scheme of Amalgamation of Nami Capital Private Limited with Pradeep Metals Limited. The meeting will be held via video conferencing, with e-voting available from June 9-11, 2026. The notice and related documents are available on the company's website.

Pradeep Metals Ltd has issued a clarification regarding a Dainik Bhaskar news item reporting a ₹560.15 crore expansion of a defense plant in Nagpur. The company stated that the news is speculative and not based on confirmed information. Pradeep Metals clarified that its Board of Directors had approved an investment of up to ₹250 Crores on January 30, 2026, for a new Greenfield Manufacturing Facility for defense equipment. The company has recently identified land for this facility at Butibori Industrial Area, Nagpur. All necessary disclosures regarding the approved investment were previously made to stock exchanges on January 30, 2026, and April 27, 2026. This clarification is made as a good governance practice.