Intimation of Re-appointment of Internal Auditor & Cost Auditor
PRADPME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pradeep Metals Limited held its Board meeting on May 16, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue grew 11.4% to Rs. 32,784.87 lakhs while PAT increased 9.4% to Rs. 2,532.74 lakhs. Consolidated PAT stood at Rs. 3,033.72 lakhs. The Board recommended a final dividend of Rs. 2.50 per share (25% payout), subject to shareholder approval at the 43rd AGM. Key leadership reappointments include Mr. Pradeep Goyal as Chairman & Managing Director for 3 years from December 2026. Statutory auditors issued unmodified opinions on both standalone and consolidated results. The company is also pursuing a new greenfield artillery shells manufacturing project at Butibori, Nagpur, with an estimated investment of Rs. 250 crores.
Positive signals include consistent profitability growth, clean audit opinions, and shareholder-friendly dividend payout. However, revenue growth of 11.4% did not meet the 20% threshold, and PAT growth of 9.4% was below the 25% benchmark, indicating steady but not exceptional performance.