Pradeep Metals clarifies a news report about a ₹560.15 crore defense plant expansion as speculative and unconfirmed.
The company confirms its board approved a ₹250 crore investment for a new defense equipment facility in Nagpur.
All required SEBI disclosures regarding this investment were already made on January 30 and April 27, 2026.
This clarification is provided voluntarily as good governance practice, though rumor verification rules don't apply.