Pradeep Metals has informed that the board of directors of the company at its meeting held on August 27, 2012 allotted 4,00,000 equity shares of Rs. 10 each at a premium of Rs. 9 against conversion of 4,00,000 warrants in the name of Rabale Engineering (India) Pvt. Ltd.
The above information is a part of company's filings submitted to BSE.