Notice convening the 42nd Annual General Meeting of the Company Scheduled to be held on August 9, 2025 at 3.00 P.M. (IST) through VC/OAVM
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Pradeep Metals has called its 42nd AGM for Saturday, August 9, 2025 at 3:00 PM, to be conducted entirely through video conferencing. Shareholders will vote on adopting the audited standalone and consolidated FY2024-25 financial statements, declaring a dividend for the year ended March 31, 2025, re-appointing Mr. Abhinav Goyal (who retires by rotation), and appointing M/s. KKC & Associates LLP as the new statutory auditors for a five-year term. Two special resolutions seek shareholder approval for related-party remuneration payable to Mr. Abhinav Goyal (USD 23,100/month) and Mrs. Neha Goyal (USD 16,500/month) at the company's US step-down subsidiary DMW. The company also proposes appointing M/s. Shweta Gokarn & Co. as secretarial auditors for five years and ratifying the cost auditor's fee of Rs 1.35 lakh for FY2025-26. On the performance front, FY2024-25 standalone revenue grew 17% to Rs 29,953 lakhs, profit after tax rose 28% to Rs 2,315 lakhs, and EPS increased to Rs 13.40 from Rs 10.50, with net worth strengthening to Rs 14,143 lakhs.
The AGM agenda is largely routine but includes two special resolutions on related-party remuneration for a director's family members at the US subsidiary that require a higher voting threshold—retail investors should review these before voting. The strong FY25 results and declared dividend are positive signals for shareholders, while the auditor change (KKC & Associates replacing N.A. Shah Associates) is also noteworthy.