Pradeep Metals Limited has scheduled its 43rd Annual General Meeting (AGM) for Friday, August 7, 2026, at 3.00 p.m. (IST) through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting will be conducted without the physical presence of shareholders in compliance with the General Circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fixed Friday, July 31, 2026, as the record date to determine shareholder eligibility for dividend payment, subject to approval at the AGM.

The Notice of the 43rd AGM and the Annual Report for Financial Year 2025-26 were dispatched electronically on July 15, 2026, to members whose email addresses are registered with the company or the depositories. These documents are also available on the company's website, the websites of BSE Limited and National Stock Exchange of India Limited, and the National Securities Depository Limited (NSDL) e-voting portal.

E-voting and Participation Details

The company has engaged NSDL to provide remote e-voting facilities and participation through VC/OAVM. Shareholders whose names appear in the Register of Members or the records of depositories as on the cut-off date of Friday, July 31, 2026, are entitled to vote. Members who have not cast their votes remotely may exercise their voting rights through the e-voting system during the AGM.

Members holding shares in physical form who have not registered their email addresses are requested to send a signed request letter to the Registrar and Transfer Agent, MFUG Intime India Private Limited. For queries regarding the AGM or e-voting, members may contact Mr. Abhishek Joshi, Company Secretary, or the NSDL helpline.

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