PRADPME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Pradeep Metals Ltd has issued a Postal Ballot Notice dated February 7, 2026, seeking shareholder approval for two special resolutions. The first resolution seeks authority for the Board to borrow monies up to Rs. 350 Crores, which is nearly double the existing approved limit of Rs. 180 Crores set in 2015. The second resolution seeks authority to create charges and mortgages on the company's properties up to the same Rs. 350 Crores limit, to secure such borrowings. The Board approved this increase on January 30, 2026, citing the need to meet business requirements. Voting will be conducted electronically via NSDL from February 20, 2026 to March 21, 2026, with results announced by March 24, 2026.
Shareholders will vote on whether to allow the company to nearly double its debt-raising capacity. Approval would give the Board flexibility to take on significantly more borrowing for business needs, which could mean higher debt levels and interest costs ahead, but also signals growth or expansion plans.