Pradeep Metals Ltd — Important, 17-06-2026: Company Update

The company has issued a revised disclosure concerning a land lease agreement, clarifying that its Chairman & Managing Director, Mr. Pradeep Goyal, and Non-Executive Promoter Director, Mrs. Neeru Goyal, hold interests as shareholders/directors in Dhanlabh Engineering Works Private Limited, the other party to the agreement. This land lease, valued at 14 Cr, is for establishing a new manufacturing facility for precision-engineered defense components. The transaction is affirmed to be at arm's length and approved by the Audit Committee, providing transparency on this strategic business move.