Detailed Summary

Meeting Details

The 65th Annual General Meeting of Permanent Magnets Limited was held on Wednesday, August 05, 2026 at 2:30 PM through Video Conferencing/Other Audio Visual means. The meeting commenced at 2:30 PM and concluded at 2:47 PM, lasting 17 minutes.

Attendance

All Directors, Audit Committee Chairman, Chairman of Nomination & Remuneration Committee, and Stakeholders Relationship Committee attended the meeting. Key personnel present included Mr. Sharad Taparia (Managing Director), Mr. Nirmal Kumar Jain (Chairman), and Mrs. Rachana Sawant (Company Secretary).

Voting Arrangements

Shareholders were provided with e-voting facilities through Central Depository Services (India) Limited (CDSL) in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI Listing Regulations. M/s. Arun Dash & Associates, Practicing Company Secretaries, were appointed as Scrutinizer to oversee the e-voting process.

Business Transacted

The following agenda items were put for shareholders' approval:

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026, including reports of Board of Directors and Auditors (Ordinary Resolution)

2. Declaration of final dividend of ₹2.20 per equity share for FY ended March 31, 2026 (Ordinary Resolution)

3. Re-appointment of Sunaina Taparia (DIN: 07139610) as director who retires by rotation (Ordinary Resolution)

Special Business:

4. Alteration of the Object Clause of the Memorandum of Association (Special Resolution)

5. Approval for increase in limits of borrowings under Section 180(1)(c) of Companies Act, 2013 (Special Resolution)

6. Approval for increase in limits for creation of charge, mortgage, hypothecation on company properties (Special Resolution)

7. Consent for increase in limits under Section 186 of Companies Act, 2013 (Special Resolution)

8. Ratification of remuneration of Cost Auditors for FY ending March 31, 2027 (Ordinary Resolution)

Additional Proceedings

Mr. Nirmal Kumar Jain, Chairman, delivered a speech highlighting the company's performance during FY 2025-26 and its future outlook. Three members registered as speakers for the AGM, and queries raised by members were addressed by Mr. Sharad Taparia, Managing Director.

Post-Meeting Procedures

The results of remote e-voting and e-voting during the AGM will be submitted to the Stock Exchange and CDSL, and will be placed on the company's website (www.pmlindia.com) within stipulated timelines.