Annual Report of the Company for the Financial Year 2024-25
PRADPME · price
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Pradeep Metals has filed its Annual Report for FY 2024-25 along with the notice for its 42nd Annual General Meeting, scheduled for August 9, 2025 at 3:00 p.m. via video conferencing. Standalone revenue rose to about ₹299.5 crore from ₹256.3 crore in FY 2023-24, while profit after tax grew to ₹23.15 crore from ₹18.13 crore. Basic EPS improved to ₹13.40 from ₹10.50, and net worth climbed to ₹141.4 crore. The AGM agenda includes adopting the financial statements, declaring a dividend, re-appointing director Mr. Abhinav Goyal, and appointing M/s. KKC & Associates LLP as new statutory auditors for five years. Two special resolutions seek shareholder approval for remuneration paid to Mr. Abhinav Goyal and his wife Mrs. Neha Goyal by the company's US step-down subsidiary DMW, which are related-party transactions.
Shareholders get a clear picture of a profitable year with strong double-digit earnings growth and an expected dividend, but will also vote on two related-party resolutions involving a director and his spouse drawing salary from the US subsidiary, which is worth watching closely.