Pradeep Metals Ltd — Important, 16-06-2026: Company Update

Pradeep Metals Limited has leased 33,040 square meters of land in Nagpur for Rs 14 Cr. This strategic move aims to establish a new Greenfield Manufacturing Facility dedicated to producing precision-engineered defense components. The transaction was with Dhanlabh Engineering Works Private Limited, where a promoter director holds an interest. However, the company confirmed the deal was conducted at arm's length, based on an independent valuation, and approved by the Audit Committee, ensuring good governance. This expansion signifies a focus on the defense sector and potential growth.