Pradeep Metals Limited, a manufacturer of precision closed die forgings, has announced a postal ballot seeking shareholder approval to significantly enhance its borrowing capacity and charge creation authority. The company issued the postal ballot notice on February 7, 2026, proposing to increase these financial powers from ₹180 crores to ₹350 crores.

Key Resolutions for Shareholder Approval

The postal ballot encompasses two critical special resolutions that require shareholder consent:

These resolutions represent a substantial increase from the existing borrowing limits of ₹180 crores, which were previously approved by shareholders through postal ballot on September 14, 2015.

E-Voting Timeline and Process

The company has established a comprehensive timeline for the postal ballot process, utilizing electronic voting exclusively:

The postal ballot notice is being distributed exclusively through electronic mode to shareholders whose email addresses are registered with the company, registrar and transfer agent, or depositories as of the cut-off date.

Board Approval and Business Rationale

The Board of Directors approved this proposal during their meeting held on January 30, 2026. The explanatory statement accompanying the postal ballot indicates that this increase in borrowing powers is intended to meet the growing business needs of the company. The enhanced financial flexibility will enable the board to borrow funds from time to time, subject to the maximum limit of ₹350 crores at any given time.

Regulatory Compliance and Disclosure

The postal ballot has been issued in compliance with Section 108, 110 and other applicable provisions of the Companies Act, 2013, along with the Companies (Management and Administration) Rules, 2014, and SEBI Listing Regulations. The company has engaged National Securities Depository Limited (NSDL) as the agency to provide e-voting facility to shareholders.

The company will publish details of this postal ballot in "Financial Express" and "Lakshdeep" newspapers in English and Marathi languages respectively on February 19, 2026, as required by regulatory provisions.

Voting Rights and Eligibility

Voting rights will be calculated based on the paid-up value of shares registered in shareholders' names as on February 13, 2026. The results will be displayed on the company's website at www.pradeepmetals.com and communicated to stock exchanges and depositories. Corporate and institutional members are required to submit relevant board resolutions or authorization documents to participate in the voting process.

Pradeep metals Limited has issued a Letter of Entitlement for share transfer following the completion of a lock-in period, as mandated by SEBI regulations. The company informed BSE Limited about this regulatory compliance action on February 9, 2026.

Regulatory Framework and Compliance

The Letter of Entitlement issuance is conducted pursuant to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, read with SEBI Circular No. SEBI/HO/MIRSD/DOS3/CIR/P/2018/139/2018 dated November 6, 2018. The company's Nodal Officer will issue the Letter of Entitlement to shareholders in connection with requests received post completion of the lock-in period.

Share Transfer Details

The transfer involves a specific allocation of equity shares with detailed parameters:

Post-Transfer Lock-in Requirements

The transferred 100 equity shares will be subject to a lock-in period of 6 months from the date of transfer. This requirement ensures compliance with SEBI regulations governing share transfers and market stability measures. The lock-in period represents a standard regulatory mechanism to prevent immediate trading of transferred shares.

Corporate Communication

The notification was signed by Abhishek Joshi, Company Secretary and Compliance Officer (ACS: 64446), and submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company trades under scrip code 513532 on the BSE platform. This communication demonstrates the company's adherence to regulatory disclosure requirements and transparent corporate governance practices.