In continuation to our communication dated July 15, 2026 pertaining to the Annual Report for FY 2025-26, an addendum is being issued containing significant accounting policies of the Company ....

August 05, 2026 BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 513532 Sub: Pradeep Metals Limited – Addendum to Annual Report for the Financial Year 2025-26. Ref. Our earlier intimation dated July 15, 2026 for Annual Report for the Financial Year 2025-26 and Notice convening 43rd Annual General Meeting. This is in continuation to our above referred intimation dated July 15, 2026, regarding Annual Report for the Financial Year 2025-26, along with Notice convening 43rd Annual General Meeting (AGM) of Pradeep Metals Limited, wherein the Company had submitted the Annual Report of the Company for the Financial Year 2025-26 with the Stock Exchange. An addendum is being issued containing significant accounting policies of the Company forming part of the Standalone and Consolidated financials of the Company, which have been included from Page No. 239 onwards and an inadvertent error on Page No. 105 has been rectified. The revised Integrated Annual Report for the financial year 2025-26, is enclosed herewith and is available on the Company's website https://www.pradeepmetals.com/financial-reports/. Members may please note that apart from the changes mentioned above, all other contents / information of Annual Report and the AGM Notice shall remain unchanged. This is for your information and records. For Pradeep Metals Limited Abhishek Joshi Company Secretary & Compliance Officer ACS: 64446 PRADEEP METALS ANNUAL REPORT 2026 01 43RD ANNUAL REPORT 2025-26 43RD ANNUAL REPORT 2025-26 02 ABOUT US TABLE OF CONTENTS Pradeep Metals Limited (‘PML’ or ‘the Company’) was incorporated in 1982 by Pradeep Company Information 03 Goyal, a qualified metallurgist along with his father Late Mr. Ved Prakash Goyal, a Chartered Engineer with over 50 years of experience in the steel and heavy engineering From the Chairman’s Desk 05 industries. They strongly believed in delivering products of the highest quality to customers and laid the foundation for a company dedicated to manufacturing and supplying Board of Directors 07 high-quality steel forgings to customers across the globe. In 1993, PML became a Public Limited Company. Since then, the Company has consistently Legacy and Timeline 11 maintained high standards and demonstrated the capability to deliver superior products with the shortest possible lead times worldwide. The Company specializes in low-volume, Our Presence 13 high-mix production, providing customers with significant flexibility to meet diverse and customized requirements. Industries we Serve 15 Pradeep Metals Limited exports 60% of its products and is renowned for its quality. The Company has been successful in becoming a strategic & preferred supplier of quality Capabilities 19 forgings and machined components owing to its dedication towards understanding customer's requirements and adoption of path-breaking ideas and techniques such as Lean, Quality 21 TOC, etc, to serve them better. Our Environmental Commitment 23 We have also invested in the latest IT tools such as simulation of processes, ERP, and the best design software. Eco-friendliness continues to be a hallmark of the Company and it has invested sustainability to achieve zero discharge and become a green company. Our Social Responsibility 25 Our People 27 Performance at a Glance 29 Vision Key Metrics 31 To become a Strategic & Preferred AGM Notice 33 Supplier of Quality Forged, Machined and Value-added Directors’ Report 52 Products for all the Customers. Annexures to Directors’ Reports 61 Mission Corporate Governance Report 81 To provide the best Management Discussion & Analysis 104 solution to our partners. Auditor’s Report on Standalone Financials 109 Standalone Financial Statements 121 Auditor’s Report on Consolidated Financials 177 Consolidated Financial Statements 185 03 43RD ANNUAL REPORT 2025-26 43RD ANNUAL REPORT 2025-26 04 COMPANY INFORMATION Board of Directors Key Managerial Personnels Mr. Pradeep Goyal Dr. Kewal Krishan Nohria Mrs. Neeru P. Goyal Ms. Kavita Choubisa Ojha Mr. Abhishek Joshi Chairman & Non-Executive Non-Executive Chief Financial Officer Company Secretary & Compliance Officer Managing Director Non-Independent Director Non-Independent Director DIN: 00008370 DIN: 00060015 DIN: 05017190 Auditors Mr. Abhinav Goyal Mr. Jayavardhan Dhar Diwan Mr. Kartick Maheshwari KKC & Associates LLP Shweta Gokarn & Co. Chartered Accountants Company Secretaries Non-Executive Independent Director Independent Director Non-Independent Director DIN: 01565319 DIN: 07969734 Statutory Auditors Secretarial Auditors DIN: 08786430 M/s. Kirtane & Pandit LLP Mr. Vishesh Naresh Patani Mr. Advait Kurlekar Ms. Nandita Nagpal Vohra Chartered Accountants Cost and Management Accountant Independent Director Independent Director Internal Auditors Cost Auditor DIN: 00808669 DIN: 06962408 Bankers to the Group Union Bank of India (UBI) Bank REGISTERED OFFICE R-205, MIDC, Rabale, Navi Mumbai 400 701. T: +91-22-27691026 | Fax: +91-22-27691123 info@pradeepmetals.com | investors@pradeepmetals.com www.pradeepmetals.com CIN: L99999MH1982PLC026191 REGISTRAR AND TRANSFER AGENT MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) C-101, Embassy 247, L.B.S. Marg, Vikhroli (W), Mumbai 400 083. T: +91-22-49186270 | Fax: +91-22-49186060 rnt.helpdesk@in.mpms.mufg.com 05 43RD ANNUAL REPORT 2025-26 43RD ANNUAL REPORT 2025-26 06 FROM THE During the year, we have taken important steps Our subsidiaries have also performed well, to strengthen our manufacturing capabilities. contributing to the overall growth of the Company CHAIRMAN’S DESK Expansion of machining capacity and the through focused efforts in expanding their phased replacement of older forging equipment customer base and product offerings. remain critical strategic priorities. These Looking ahead, our strategic priorities for FY initiatives are aimed at enhancing productivity, Against this backdrop, we have remained 2025–26 include expanding into new sectors, improving quality, and supporting our long-term focused on operational excellence and increasing the share of value-added machined growth objectives. customer satisfaction. Strong execution components, strengthening customer capabilities, have enabled us to improve We are also installing a rooftop solar plant of relationships, and driving operational efficiencies on-time delivery performance while consistently 600 KW at our existing factory. The power through cost reduction and waste minimization. meeting customer expectations. generated through solar plants is substantially We are also making steady progress in economical when compared with the MSEB’s The Board has recently approved an investment innovation-led initiatives such as mill scale tariff. The pay-back period for Plant is expected of up to ₹ 250 Crores for setting up a Mega recycling, which is nearing readiness for scale-up to be 4 years whereas the Plant is guaranteed to greenfield manufacturing facility at Butibori, in collaboration with leading generate power for 25 years with minor Nagpur, aimed at catering to the rapidly equipment manufacturers. degeneration of 5% per year. growing global demand for artillery shell Guided by an experienced Board and supported manufacturing, arising from the evolving We are also proud to have been awarded a by strong governance and professional geopolitical dynamics. The new plant will be Bronze Medal by ECOVADIS in 2025, placing management, your Company remains supported by renewable energy infrastructure us in the 61st percentile globally. This well-positioned for sustained progress. I take this comprising 3 MW of rooftop solar capacity and recognition reflects our sustained efforts across MR. PRADEEP GOYAL opportunity to express my sincere gratitude to my 4 MW of land-based solar capacity. This key areas such as environmental responsibility, fellow Directors for their continued support and decision builds on the ben [Showing first 8,000 characters — download PDF for full document]