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.

Permanent Magnets Limited (PML) recently reported its financial results for the second quarter, revealing a 12% year-on-year decline in revenue to INR 49.00 crores. The company, however, remains optimistic about its future growth prospects, projecting a 15% growth for the current year and a 20-30% growth for the following fiscal year.

Q2 Performance and Challenges

PML's Q2 performance was primarily affected by two key factors:

1. Lower US exports due to tariff policy changes
2. Weaker domestic demand in the energy meter segment

Despite these challenges, PML's management expressed confidence in the company's ability to navigate through the current market conditions.

Future Growth Drivers

PML is focusing on several initiatives to drive growth:

1. New Alloy Furnace Capacity: The company plans to bring a new alloy furnace online in December, which is expected to boost production capacity.

2. Relay Facility: A new relay facility is scheduled to become operational in Q4, potentially opening up new revenue streams.

3. Quantum Magnetics Joint Venture: PML has formed a joint venture with Lorentic Pte Limited to manufacture rare earth permanent magnets, with a long-term goal of achieving INR 3,700.00 crores in revenue by FY30.

Product Mix and Margin Outlook

PML's product mix for the last quarter was as follows:

The company expects its EBITDA margins to stabilize between 16-18% in the coming year, depending on the product mix.

Expansion into New Markets

PML is actively exploring new markets and applications:

• Standard current sensors for EV two-wheelers and other automotive applications
• Potential expansion into UPS and industrial applications
• Development of Stator-Rotor manufacturing for automotive coolant pumps

Challenges and Opportunities

While PML faces challenges such as US tariffs and fluctuating demand in certain segments, it also sees significant opportunities:

• Growing demand for non-Chinese sources of rare earth magnets
• Potential government support for the rare earth magnet industry in India
• Increasing interest from automotive and electronics industries for locally sourced components

Looking Ahead

Sharad Taparia, Managing Director of PML, stated, "Our expectation is roughly about maybe 10% to 15% growth. So we may end up between, let's say, INR 220.00 crores to INR 230.00 crores top line roughly, that is the expectation today."

The company's focus on diversification, capacity expansion, and entry into high-potential markets like rare earth magnets positions it for potential long-term growth, despite short-term challenges.

Investors and industry observers will be keenly watching PML's progress in executing its growth strategy, particularly the development of its Quantum Magnetics joint venture and the ramp-up of its new alloy and relay facilities.