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Pradeep Metals Ltd. Company History and Annual Growth Details

YEAR EVENTS
1982 - The company was incorporated on 22nd January, as a private
limited company. It was subsequently converted into a public
limited company in terms of special resolution dated 1st January
1993, and certificate of change of name was issued by the
registrar of companies, Maharastra on 14th January, 1993.

- The company was promoted by V P Goyal, Chartered Engineer, to
manufacture closed die steel forgings with an installed capacity
of 1,200 tpa.

- The company's existing unit has facilities for manufacturing
forgings from 500 gms to 8 kgs single piece weight for
application mainly in the automobile industry. The expanded
product range will cater to the large volume requirements of
automobile, defence, railways, engineering and petrochemical
industries.

2000 - The Company has joined National Securities Depository Ltd. and
Central Depository Services (India) Ltd. and the Shares are
available for Dematerialisation.

- 10% Optionally Convertible Cumulative Redeemable Preference
Shares aggregating Rs 500 lakhs have been allotted to a financial
institution.

- The Company would consider a preferential allotment of 2 lakh shares of
Rs 10 each at part to each of them.

- The Board has allotted 19,800 - 10 per cent optionally convertible cumulative
preference shares of Rs 100 each to ICICI Ltd.


2011- PradeepMetal Board recommended dividend of Rs. 1/- per Equity Share of Rs. 10/- (i.e. 10%) for the Financial Year ended March 31, 2011.


2012- Company has declared final dividend at the rate of Re. 1/- per equity share of Rs. 10/- each i.e. 10% on Equity Share of Rs. 10/- each for the financial year ended March 31, 2012.

2013
-Board of Directors of the Company has recommended a dividend @ 10%.

2014
-Board of Directors of the Company have considered and recommended Dividend of Rs. 1.20/

2015
-Pradeep Metals Limited, New York stands merged and Pradeep Metals Limited, Texas has become the Wholly Owned Subsidiary.
-Pradeep Metals Ltd has captive 2.1 MW Wind Mill has been commissioned and started generating power.

2016

- Pradeep Metals Limited received a Letter dated February 22, 2016 from Maharashtra Energy Development Agency (MEDA) stating that its 2.10 MW (1 X 21000 KW) Wind Power Project situated at Gut No. 395, 396 of Village Umrani, Tal- Jath, Dist- Sangli (Site- Sindur), Maharashtra

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