Pradeep Metals Ltd — Important, 30-04-2026: Company Update

Pradeep Metals has clarified a recent news report regarding a ₹560.15 crore expansion of its defense plant, stating the information is speculative. The company confirmed that its Board of Directors previously approved an investment of up to Rs. 250 Crores for a new Greenfield Manufacturing Facility dedicated to defense equipment. They have recently identified land in the Butibori Industrial Area, Nagpur, for this proposed facility. This update provides clarity on the actual scale of their strategic investment in the defense sector, distinguishing confirmed plans from market rumors for shareholders.