Pradeep Metals Ltd. — AGM Information 2023

Aug 4, 2023

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04[th] August, 2023

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Scrip Code: 513532

Sub: Proceedings of the 40[th] Annual General Meeting held on 04[th] August, 2023

Dear Sir/Madam,

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a summary of proceedings of the 40[th] Annual General Meeting of the Company held on 04[th] August, 2023.

We request you to take the above on record.

Thanking you.

For Pradeep Metals Limited

Abhishek Digitally signed by Abhishek Rajesh Joshi Rajesh Joshi Date: 2023.08.04 17:23:13 +05'30'

Abhishek Joshi Company Secretary & Compliance Officer ACS: 64446

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A. Date, time and venue of the Annual General Meeting (Meeting):

The 40[th ] Annual General Meeting (AGM) of the Company was held on Friday, 04[th] August, 2023 through Video Conferencing (VC)/Other Audio- Visual Means (OAVM).

The Meeting commenced at 11:30 a.m. (IST) and concluded at 12.30 p.m. (IST) (including time allowed for e-voting at AGM).

B. Proceedings in brief:

• Mr. Pradeep Goyal, Chairman & Managing Director, chaired the Meeting.

• The Company Secretary, Mr. Abhishek Joshi welcomed all the Members at the 40[th] AGM of the Company. The requisite quorum being present, the Chairman called the Meeting to order.

• Thereafter, the Company Secretary informed that pursuant to the circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India, the AGM was convened using Video Conferencing/Audio-visual means in compliance with requirements laid down thereunder. The Company had taken all possible steps to ensure that the Members were provided an opportunity to participate in the AGM through video conferencing facility and vote on the resolutions.

• Mr. Abhishek Joshi informed the Members that the Notice convening the 40[th] AGM and the Annual Report for the financial year ended 31[st] March, 2023 was circulated electronically to the Members of the Company and was taken as read with the permission of Chairman and Members. The Reports of the Statutory Auditor on the standalone and consolidated financial statements did not contain any qualification or adverse remarks and hence were not required to be read. He then asked the Chairman Mr. Pradeep Goyal to address the Members.

• Mr. Pradeep Goyal, Chairman and Managing Director, welcomed the Members and then introduced the Directors and panelists present at the Meeting. All the Directors were present at the Annual General Meeting.

• Mr. Pradeep Goyal then apprised the Members on the financials, operational and business performance of the Company in FY 2022-23. After Chairman’s speech, he requested the Company Secretary to call out the Members who had expressed their

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desire to speak at AGM. Pre-registered Members were provided opportunity to ask questions or express their views through VC / OAVM. The Chairman responded to all the questions of the Members and provided clarifications, wherever necessary.

• The Chairman further mentioned that since the AGM is held through Video Conference and the resolutions mentioned in the Notice convening the AGM have been put to vote only through e-voting, and there will be no proposing and seconding of resolutions and also no voting by show of hands. He further mentioned that voting facility will also be available for those Members who have participated in the Meeting and who did not cast their vote through remote e-voting.

• The following items of business, as set out in the Notice convening the 40[th] AGM were put to vote in the Meeting:

Sr. No.	Partculars	Type of Resoluton
	ORDINARY BUSINESS
1	To consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports of the Auditors thereon.	Ordinary Resoluton
2	a. To confrm payment of an Interim Dividend of Re. 1/- per Equity Share for the Financial Year ended March 31, 2023; and b. To declare Final Dividend on Equity Shares for the Financial Year ended March 31,2023.	Ordinary Resoluton
	SPECIAL BUSINESS
3	To appoint a Director in place of Dr. Kewal Krishan Nohria (DIN: 00060015), who retres by rotaton, has atained the age of Seventy-Five years and being eligible, ofers himself for re- appointment.	Special Resoluton
4	To appoint Mr. Advait Kurlekar (DIN: 00808669) as an Independent Director.	Special Resoluton
5	To re-appoint Ms. Nandita Nagpal Vohra (DIN: 06962408) as an Independent Director for a Second Term of fve years.	Special Resoluton

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6	To approve the remuneraton of the Cost Auditors for the Financial Year endingMarch 31,2024.	Ordinary Resoluton
7	To re-appoint Mr. Pradeep Goyal as a Chairman and Managing Director of the Company (DIN: 00008370) for a further period of 3 (Three) years and confrm contnuaton of Directorship upon atainingage of SeventyYears.	Special Resoluton
8	To approve revision in remuneraton of Mr. Abhinav Goyal, Director of the Company (DIN: 08786430) holding ofce or place of proft in Dimensional Machine Works, Wholly Owned Step-Down Subsidiary.	Special Resoluton
9	To approve revision in remuneraton of Ms. Neha Goyal, holding ofce or place of proft in Dimensional Machine Works, Wholly Owned Step-Down Subsidiary.	Special Resoluton

• It was informed that:

• ➢ The Company had appointed Ms. Shweta Gokarn, Practicing Company Secretary as the Scrutinizer to scrutinize the remote e-voting and e-voting at AGM in a fair and transparent manner.

• ➢ The e-voting results along with the consolidated Scrutiniser’s Report shall be disseminated to the Stock Exchanges and shall also be placed on the website of the Company and NSDL.

• ➢ The resolutions, as set forth in the Notice, shall be deemed to be passed subject to receipt of requisite number of votes.

• The Meeting then concluded and the Chairman thanked all the Members for their participation.

We request you to take the above information on records.

For Pradeep Metals Limited

Abhishek Digitally signed by Abhishek Rajesh Joshi Date: 2023.08.04 Rajesh Joshi 17:23:45 +05'30'

Abhishek Joshi Company Secretary & Compliance Officer ACS: 64446

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