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 announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance and strategic progress. The company filed these results under Regulation 30 with BSE on February 12, 2026.

Consolidated Q3FY26 Performance

The company delivered robust consolidated results for Q3FY26, with revenue from operations reaching ₹57.02 crore, marking a 16% year-on-year growth from ₹49.35 crore in Q3FY25. This growth was driven by scale-up in the Alloys division, recovery in exports after a muted Q2, and improved demand from electricity meter customers.

Nine-Month Consolidated Results

For the nine-month period ended December 31, 2025, the company maintained steady performance with revenue from operations of ₹159.70 crore compared to ₹159.77 crore in the corresponding period of the previous year. The EBITDA margin improved to 17% from 16% in the previous year, reflecting operational efficiency gains.

Strategic Operational Developments

Managing Director Sharad Taparia highlighted significant operational milestones, including the successful installation of a new furnace for the Alloys business in January 2026. The furnace is currently operating in pilot stage through February, with commercial dispatches expected to commence within the current month. This expansion supports the company's growth strategy in the alloys segment.

The Relay facility remains on track for commissioning in Q4FY26, with commercial sales anticipated in the next financial year. Customer engagements are actively progressing across multiple sectors for steady commercial ramp-up.

Joint Venture Progress and Policy Impact

In the joint venture Quantum Magnetics, the initial Phase 1 CAPEX for the rare earth magnet block cutting facility is expected to be commissioned in early Q2FY27, with commercial sales projected to commence in Q3FY27. The company is awaiting the detailed policy framework for the Production Linked Incentive (PLI) scheme for Sintered Rare Earth Permanent Magnets, announced by the Cabinet in November 2025.

Financial Impact of Regulatory Changes

The company's net profit for Q3FY26 and nine-month period was impacted by one-time provisions related to the implementation of new labour codes. These provisions affected both standalone and consolidated results, reflecting increased employee benefits obligations arising from the consolidation of 29 existing labour laws into four new Labour Codes notified by the Government of India.

Margin Improvement and Outlook

The rebound in exports and higher revenue mix from alloys resulted in improved EBITDA margins for the quarter, reaching 18% compared to 13% in Q3FY25. The company's focus for the coming year remains on scaling up commercial operations across key growth pillars including Alloys, Relays, and the Quantum Magnetics joint venture, which are expected to drive growth in the upcoming financial year.