Pradeep Metals Ltd — Important, 09-04-2026: Company Update

Pradeep Metals Limited has received an NCLT order directing it to convene a meeting of its equity shareholders to approve the proposed amalgamation with Nami Capital Private Limited. This scheme aims to simplify the group structure, improve capital allocation, and enhance shareholder value. Meetings for Nami Capital's shareholders and Pradeep Metals' secured and unsecured creditors were dispensed with due to consent or the company's strong financial standing. Pradeep Metals reports secured creditors of Rs. 59.96 Cr and unsecured creditors of Rs. 39.10 Cr. The company's net worth is expected to rise from Rs. 144.15 Cr pre-scheme to Rs. 160.58 Cr post-scheme. This marks a key step in the merger process.