Pradeep Metals Limited has announced a meeting of its equity shareholders scheduled for Friday, June 12, 2026, at 5:00 P.M. (IST), to be conducted through video conferencing (VC) / other audio-visual means (OAVM). The meeting has been convened pursuant to an order dated April 8, 2026, passed by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, in connection with a proposed Scheme of Amalgamation.

Scheme of Amalgamation Details

The meeting has been called to consider, and if thought fit, approve the Scheme of Amalgamation of Nami Capital Private Limited ("NCPL" or Transferor Company) with Pradeep Metals Limited ("PML" or Transferee Company) and their respective shareholders, under Sections 230 to 232 of the Companies Act, 2013. The scheme is being processed before the National Company Law Tribunal, Mumbai Bench, under case reference C.A./CAA/213MB/2025.

Key details of the applicant companies involved in the scheme are as follows:

Meeting and Voting Schedule

The company dispatched notices to equity shareholders on May 8, 2026, and published newspaper advertisements on May 9, 2026, in the Financial Express (Maharashtra Edition, English) and Navshakti (Maharashtra Edition, Marathi). The dispatch cut-off date for identifying eligible shareholders was Friday, May 1, 2026. The cut-off date for determining voting eligibility is Friday, June 5, 2026.

Equity shareholders have been provided with the facility to vote electronically. The remote e-voting schedule is as follows:

Since the meeting is being held through VC/OAVM, physical attendance has been dispensed with, and the facility of appointment of proxies will not be available. Shareholders who exercise their right to vote through remote e-voting may attend the meeting but will not be permitted to vote again at the meeting.

Chairperson and Scrutinizer Appointments

The NCLT has appointed the following officials for the conduct of the meeting:

• Chairperson: Ms. Nisha Luthra (Ex IRS and ex MD, NFDC), and failing her, Mr. Jayavardhan Dhar Diwan (DIN: 01563319), Independent Director of Pradeep Metals Limited
• Scrutinizer: CS Shweta Gokarn, Practicing Company Secretary (Membership No. ACS 30393), and failing her, CS Elias Rodrigues, Practicing Company Secretary (Membership No. FCS 14742)

Access to Documents and Results

The Notice of the Meeting, along with accompanying documents, is available on the company's website at www.pradeepmetals.com and on the NSDL e-voting website at https://www.evoting.nsdl.com . Physical copies of the Scheme and the Statement under Section 230(3) may be obtained free of charge from the registered office of the company or by written request to investor@pradeepmetals.com . The scheme, if approved by the meeting, will be subject to subsequent approval by the NCLT. Voting results will be announced by the Chairperson after the conclusion of the meeting upon receipt of the scrutinizer's report, and will be displayed on the company's website and on the NSDL website.

Pradeep Metals has announced progress in its plans to establish a new defense manufacturing facility, with the company moving forward on site selection in Nagpur. This strategic initiative marks the company's expansion into defense sector manufacturing capabilities.

Strategic Expansion into Defense Manufacturing

The selection of Nagpur as the location for the new defense manufacturing facility represents a significant step in Pradeep Metals' diversification strategy. The company's decision to enter the defense manufacturing sector aligns with the growing opportunities in India's defense production landscape.

Facility Development Progress

The company has made tangible progress in the site selection process for its Nagpur-based defense manufacturing facility. This development indicates Pradeep Metals' commitment to establishing a physical presence in the defense manufacturing sector.

Manufacturing Capabilities Enhancement

The new facility is expected to enhance Pradeep Metals' manufacturing portfolio by adding defense production capabilities to its existing operations. This expansion represents the company's strategic move to tap into the defense equipment manufacturing market.

The Nagpur facility development reflects Pradeep Metals' focus on diversifying its manufacturing base and establishing capabilities in specialized sectors. The company's progress in site selection demonstrates its commitment to moving forward with this strategic initiative.