Permanent Magnets Ltd

Appointment: CFO & KMP

• Ayush Kumar Jain appointed as CFO and KMP, effective October 1, 2026.
• Term as per Companies Act 2013 and company policies.

Resignation: CFO & KMP

• Sukhmal Jain resigns as CFO and KMP, effective September 30, 2026.
• Resignation intimated to stock exchanges on September 3, 2026.

Governance: Materiality determinations

• Board authorized Ayush Kumar Jain to determine materiality and disclosures.
• Materiality determination authority extended to MD, CFO, and Company Secretary.
• Effective October 1, 2026 under SEBI Listing Regulations.

Permanent Magnets Limited: Closure of Trading Window from October 01, 2026 till 48 hours after declaration of Unaudited (Standalone & Consolidated) Financial Results for the Quarter and Six Months ended September 30, 2026.

• Corporate office address: Plot No. A-8, A-9, A-13, Mira MIDC Area, Village Mira, Mira Road (East), Thane 401107.
• Location details include Village Mira and Mira Road (East).
• Registered Office remains unchanged.

CFO resignation

• Name of resigning CFO: Mr. Sukhmal Jain.
• Effective date of resignation: close of business on September 30, 2026.
• Reason for resignation: no material reasons beyond those stated in his resignation letter.
• There are no other material reasons for resignation, as stated.
• Transition: The company is in the process of appointing a suitable person as CFO.

Dematerialization of promoter shares

• Lock-in period completed on August 06, 2026 under SEBI circular guidelines.
• 5,000 shares dematerialized and credited to Kamala Anil Taparia's demat account.
• LOC issued February 07, 2026, subject to mandatory 6-month lock-in.
• Beneficiary promoter is Kamala Anil Taparia, partner of Shree Orient Corporation.

CIN change after MOA amendment

• MOA amended to update the Object Clause; 65th AGM approved on 5 August 2026.
• NIC updated; CIN changed from L27100DN1960PLC000371 to L27103DN1960PLC000371 per MCA.
• Request to update records on BSE platform.

Approval details

• QMPL, a wholly owned subsidiary, received ECMS approval to manufacture Neodymium Magnets (NdFeB).
• Approval supports domestic Rare Earth magnet ecosystem and aligns with company strategic objectives.

Financial highlights (Standalone)

• Revenue from Operations: ₹63.23 crore; YoY growth 19% (Q1FY27, standalone).
• Total Income: ₹64.05 crore (standalone, Q1FY27).
• EBITDA (Excl. OI): ₹11.93 crore; margin 19%.
• Profit After Tax: ₹6.25 crore; EPS ₹7.27.
• Finance Cost: ₹1.12 crore; Depreciation & Amortisation: ₹3.11 crore.
• Alloys division contributed; new capacity commissioned in Q4FY26.
• Phase 2 CAPEX for Quantum Magnetics on track for commissioning in Q3FY27.

AGM details

• Date and time: 5 August 2026 at 2:30 PM.
• Mode: Video Conference/Other Audio Visual Means.
• Record date: 28 July 2026.

Resolutions

• Total resolutions: eight; all passed by the requisite majority.

Voting and outcome

• Voting via remote e-voting and during AGM; Scrutinizer confirms requisite majorities.