Pradeep Metals Limited has fixed Friday, July 31, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹2.50 per equity share. The dividend, equivalent to 25% of the face value of ₹10 per share, was recommended by the Board of Directors in a meeting held on May 16, 2026, for the financial year ended March 31, 2026. The payout is subject to approval by the members of the company at the ensuing 43rd Annual General Meeting (AGM).

The intimation to the exchange was made pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has scheduled its 43rd AGM for Friday, August 7, 2026, at 3.00 p.m. IST, to be conducted through Video Conference (VC) and Other Audio Visual Means (OAVM).

Key AGM and Dividend Details

Dividend payments will be made via electronic transfer modes such as RTGS or NEFT to shareholders whose bank details are available with the depository participant or Registrar and Transfer Agent as of the close of business hours on the record date. Shareholders holding shares in physical form must ensure their KYC details, including PAN, contact details, mobile number, and bank account information, are updated with the company to receive the dividend; otherwise, payments will be withheld.

Electronic copies of the AGM notice and the Integrated Annual Report for FY 2025-26 will be sent to shareholders whose email addresses are registered with the company or depository participants. Physical copies will be provided only upon request. Shareholders holding shares in physical form are requested to submit their PAN and KYC details to MUFG Intime India Private Limited by submitting a duly filled Form ISR-1 before the record date.

Pradeep Metals revised its disclosure regarding the lease of land in Nagpur for a greenfield manufacturing facility, revealing that Mr. Pradeep Goyal, Chairman & Managing Director, is also a shareholder in the lessor entity. The company executed an assignment deed on June 16, 2026, with Dhanlabh Engineering Works Private Limited to lease 33,040.00 square meters of land at Plot No. C-234 & C-234 / Part in Butibori Industrial Area. The total consideration for the lease is ₹14,00,00,000, aimed at enhancing production capabilities for precision-engineered defense components.

The initial disclosure identified Mrs. Neeru Goyal, a Non-Executive Promoter Director, as a director and shareholder in Dhanlabh Engineering Works Private Limited. The revised intimation to BSE Limited confirms that Mr. Pradeep Goyal is interested as a shareholder in the same entity. Consequently, the transaction remains classified as a related party transaction involving the promoter group.

The company stated that the deal was conducted in the ordinary course of business at arm's length. The valuation was determined based on an independent valuation report, and the transaction has been approved by the Audit Committee. No special rights, such as the appointment of directors or restrictions on capital structure, were included in the agreement terms.

Key Details of the Lease Agreement