Intimation of approval of Dividend
PRADPME · price
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Pradeep Metals' board approved audited financial results for Q4 and FY25 along with a recommendation for a final dividend of Rs. 2.50 per equity share (25% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM. On a standalone basis, FY25 revenue from operations grew to Rs. 29,439 lakhs (up from Rs. 25,121 lakhs in FY24), with profit before tax rising to Rs. 3,067 lakhs (from Rs. 2,442 lakhs). Annual basic EPS stood at Rs. 13.40. The board also approved the re-appointment of Mr. Abhinav Goyal as a director, appointed M/s KKC & Associates LLP as statutory auditors for a 5-year term, and constituted a CSR Committee. Additionally, a previously approved scheme of amalgamation with Nami Capital Private Limited (approved on 3rd March 2025) remains pending regulatory approvals including NCLT clearance.
The 25% final dividend rewards shareholders, though the actual increase over the prior year appears modest. Strong revenue and profit growth year-on-year signals operational momentum. Pending amalgamation with Nami Capital and auditor changes are procedural items that warrant monitoring.