Pradeep Metals Ltd

Pradeep Metals Ltd. Shareholders Approve Major Borrowing Authority 📊✅

• Shareholders approved borrowing authority up to ₹350 Crores beyond paid-up capital and free reserves

• Authority to create charges/mortgages on company properties up to ₹350 Crores also approved

• Both resolutions received 99.99% votes in favor

• Total votes cast: 1,36,24,971 shares (78.89% of total outstanding shares)

• Only 242 shares (0.01%) dissented on each resolution

• Promoters held 1,26,90,783 shares and voted 100% in favor

• Public non-institutional shareholders voted 99.97% in favor