Pradeep Metals Ltd — Dividend/Bonus, 22-05-2025: Corp. Action

Pradeep Metals Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported standalone revenue from operations at Rs. 84.05 Cr with a profit before tax of Rs. 9.75 Cr and net profit of Rs. 7.26 Cr for the year. Consolidated revenue stood at Rs. 87.03 Cr with a profit before tax of Rs. 9.93 Cr and net profit of Rs. 7.09 Cr. The Board proposed a final dividend of 25% (Rs. 2.50 per share) subject to shareholder approval. Re-appointment of a director and appointments of statutory, secretarial, internal, and cost auditors for new terms were approved, along with the constitution of a Corporate Social Responsibility Committee. The audit reports were unqualified with an emphasis on inventory management improvements in the step-down subsidiary. The company is pursuing a scheme of amalgamation with Nami Capital Private Limited, pending approvals.