Permanent magnets Limited has successfully completed a share transfer process to a promoter group member, confirming that no objections were received from the public during the prescribed review period. The company communicated this development to the Bombay Stock Exchange on February 10, 2026.

Share Transfer Details

The share transfer involves Mrs. Kamala Anil Taparia, Partner of Shree Orient Corporation, who is part of the company's promoter group. The process was initiated following SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 02, 2025, which pertains to the re-lodgement of physical share transfer requests.

Regulatory Compliance Process

The company had previously published advertisements in newspapers on December 17, 2025, inviting objections from the public as required under the applicable SEBI circular. This public notice period is a mandatory step in the share transfer process to ensure transparency and allow stakeholders to raise any concerns.

Following the completion of the one-month prescribed period, Permanent Magnets Limited confirmed that no objections were received from any party. This clearance allowed the process to proceed to its final stage.

Transfer Completion and Lock-in Period

With no objections received, the company's Registrar and Share Transfer Agent (RTA) has issued the Letter of Confirmation in favour of Mrs. Kamala Anil Taparia. This document formally completes the share transfer process.

As per SEBI guidelines, the transferred shares will remain under a lock-in period of six months from the date of issuance of the Letter of Confirmation. This restriction prevents the immediate trading of these shares and ensures compliance with regulatory requirements for promoter group transactions.

Company Communication

The notification was signed by Rachana Sawant, Company Secretary of Permanent Magnets Limited, and submitted to the Corporate Relation Department of the Bombay Stock Exchange. The company has committed to keeping the exchange updated on any further developments related to this matter.

Permanent Magnets Limited, established in 1960, operates under the CIN L27100DN1960PLC000371 and maintains its registered office in Silvassa, Dadra and Nagar Haveli. The company holds multiple quality and management system certifications including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

Permanent Magnets Limited has announced a board meeting scheduled for February 09, 2026, to deliberate on the company's third-quarter financial performance. The meeting represents a key milestone in the company's quarterly reporting cycle and regulatory compliance obligations.

Board Meeting Details

The Board of Directors meeting has been convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda focuses on reviewing and approving crucial financial documents for the reporting period.

Trading Window Restrictions

In compliance with insider trading prevention regulations, Permanent Magnets Limited has implemented temporary trading restrictions. The company has closed the trading window for all designated persons as a precautionary measure to maintain market integrity.

Regulatory Compliance Framework

The announcement demonstrates the company's adherence to established regulatory protocols. The notification was formally communicated to the Bombay Stock Exchange Limited, ensuring transparency in corporate governance practices. The company's internal code of conduct for prevention of insider trading remains actively enforced throughout this period.

The financial results under consideration will provide stakeholders with comprehensive insights into the company's operational performance for the quarter and nine months ended December 31, 2025. The inclusion of both standalone and consolidated financial statements ensures complete transparency in financial reporting.

Company Background

Permanent Magnets Limited, established in 1960, operates as a certified manufacturing entity with multiple quality certifications including IATF 16949:2016, ISO 9001, AS 9100, ISO 14001:2015, and ISO 45001:2018. The company maintains its registered office in Silvassa, Dadra and Nagar Haveli, and trades under scrip code 504132 on the Bombay Stock Exchange.