Permanent Magnets Limited has notified the Bombay Stock Exchange of an upcoming board meeting scheduled for Wednesday, May 13, 2026. The intimation has been filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated via a letter dated May 05, 2026, signed by Company Secretary Rachana Sawant.

Board Meeting Agenda

The board meeting has been convened to address key financial and corporate matters for the quarter and financial year ended March 31, 2026. The following items are on the agenda:

Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct for prevention of insider trading, the trading window for dealing in securities of the company has been kept closed for Designated Persons and their Immediate Relatives. The closure is in effect pursuant to the company's letter dated March 27, 2026.

The key dates related to the trading window are as follows:

Company Background

Permanent Magnets Limited, incorporated since 1960 and registered in Silvassa, Dadra and Nagar Haveli (U.T.), holds multiple quality certifications including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The company's registered office is located at Harsh Avenue, 302, 3rd Floor, Opp. Silvassa Police Station, Silvassa Vapi Main Road, Silvassa – 396 230. The filing was made to the Corporate Relation Department of the Bombay Stock Exchange Limited.

Permanent Magnets Limited has secured a significant regulatory approval that strengthens its position in the electronics manufacturing sector. The company announced through a regulatory filing that it has received approval under the Electronics Components Manufacturing Scheme (ECMS) from the Government of India for its electro-mechanicals segment, specifically focusing on relays manufacturing.

Government Scheme Approval Details

The approval was granted under the Electronics Components Manufacturing Scheme, a government initiative aimed at boosting domestic electronics manufacturing capabilities. The scheme approval covers the company's electro-mechanicals segment with a specific focus on relays production.

Strategic Significance

The company has characterized this approval as a significant development that aligns with its growth strategy. The ECMS approval is expected to enhance the company's domestic electronics manufacturing capabilities, particularly in the relays segment of the electro-mechanicals business.

Regulatory Compliance

Permanent Magnets Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally communicated this development to the Bombay Stock Exchange Limited through an official filing.

Government Support Acknowledgment

The company has acknowledged the support received from both the Government of India and the Ministry of Electronics and Information Technology (MeitY) in securing this approval. This recognition highlights the collaborative approach between the private sector and government initiatives in strengthening India's electronics manufacturing ecosystem.