Permanent magnets Limited has notified BSE Limited about a share gift transaction involving its promoter group members. The company filed the intimation under Regulation 31A(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on February 24, 2026.

Share Gift Transaction Details

The transaction involves the gift of equity shares from the company's Managing Director to a promoter group member. The details of this share transfer are presented below:

Regulatory Compliance and Classification

Mrs. Shreya Rishi Taparia is identified as an immediate relative of Mr. Rishi Taparia, who forms part of the company's Promoter Group. This family relationship is significant for regulatory classification purposes.

Under Regulation 31A(6)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specific requirements apply when shares are received by way of gift from a promoter. The regulation mandates that upon receipt of shares through such gifts, the recipient must be classified under the Promoter & Promoter Group category.

Impact on Shareholding Pattern

Following this transaction, Mrs. Shreya Rishi Taparia will be reflected under the Promoter Group category in the company's shareholding pattern. This classification change ensures compliance with SEBI's disclosure requirements and maintains transparency in the company's ownership structure.

The company has formally communicated this information to BSE Limited for record-keeping purposes, fulfilling its obligation to disclose material changes in promoter group holdings. Company Secretary Rachana Sawant signed the intimation letter on behalf of Permanent Magnets Limited.

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.