Permanent Magnets Ltd. — AGM Information 2019

Sep 28, 2019

PERMANENT MAGNETS LIMITED

B-3, MIDC, Village Mira, Mira Road East, Thane - 401104, Maharashtra, India Phone : +91-22-68285454 Facsimile : +91-22-29452128 Email : sales@pmlindia.com Website : www.pmlindia.com

Date: September 28, 2019

To,

The Bombay Stock Exchange Limited

Corporate Relation Department, Listing Department, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001

Re: Company Scrip Code : 504132

Dear Sir/Madam,

Sub: Summary of Proceedings of the 58[th] Annual General Meeting (AGM) of the Company held on Saturday, September 28, 2019 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we enclose Summary of Proceedings of the 58[th] Annual General Meeting held on Saturday, September 28, 2019 at 11.00 a.m at The Raj Regency Hotel, Khanvel Road, Opp. Silvassa Civil Court, Near Anand Nagar, Tokarkhada, Silvassa – 396230, Union Territory of Dadra and Nagar Haveli.

We request you to take the same on record.

Thanking You,

Yours faithfully,

For Permanent Magnets Limited

RACHANA Digitally signed by RACHANA VISHWANATH VISHWANATH RANE Date: 2019.09.28 17:38:24 RANE +05'30' Rachana Rane Company Secretary

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RegdOffice: Harsh Avenue, 302, 3[rd] Floor, opp. Silvassa Police Station, SilvassaVapi Main Road, Silvassa- 396 230. Dadra and Nagar Haveli (U.T.) (All correspondence has to be made at our Mira Road address only) CIN-L27100DN1960PLC000371

B-3, MIDC, Village Mira, Mira Road East, Thane - 401104, Maharashtra, India Phone : +91-22-68285454 Facsimile : +91-22-29452128 Email : sales@pmlindia.com Website : www.pmlindia.com

PERMANENT MAGNETS LIMITED

SUMMARY OF PROCEEDINGS OF THE 58[TH] ANNUAL GENERAL MEETING

The 58[th] Annual General Meeting (AGM) of the members of Permanent Magnets Limited (“the Company”) was held on Saturday, September 28, 2019 at 11.00 am at The Raj Regency Hotel, Khanvel Road, Opp. Silvassa Civil Court, Near Anand Nagar, Tokarkhada, Silvassa – 396230, Union Territory of Dadra and Nagar Haveli.

Shri. Rajeev Mundra, Chaired the proceedings of the meeting and after ascertaining that the requisite quorum was present, declared that the meeting was validly constituted and commenced the proceedings of the meeting by welcoming the shareholders.

The Chairman delivered his Speech on the highlights of the Company’s performance during the Financial year 2018-2019 and its future outlook.

The Chairman informed the members that the Company has arranged for a Poll on all the Three Resolutions to be passed at the meeting.

The following items of Business, as per the Notice of AGM dated August 9, 2019, were transacted at the meeting and put for shareholder's approval :

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31[st] March, 2019 along with notes and schedules thereon as on that date and the reports of Board of Directors and Auditors thereon.

2. To appoint a director in place of Shri. Mukul Taparia (DIN: 00318434), who retires by rotation and being eligible, offers himself for re-appointment.

3. Re-appointment of Shri. Rajeev Mundra (DIN: 00139886) as an Independent Director.

Clarifications were given to the queries raised by the Members. The Chairman informed that the Company had provided electronic voting facility (remote e-voting) to the members to cast their vote electronically on all resolutions set forth in the Notice. Members who were present and could not cast their vote through remote e-voting were provided an opportunity to cast their vote at the meeting by way of Poll. Procedure of voting by poll is informed by Company Secretary and thereafter poll has taken at the meeting.

The Board of Directors of the Company had appointed Shri. Arun Dash, Practicing Company Secretary as Scrutinizer to conduct poll process in a fair and transparent manner.

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RegdOffice: Harsh Avenue, 302, 3[rd] Floor, opp. Silvassa Police Station, SilvassaVapi Main Road, Silvassa- 396 230. Dadra and Nagar Haveli (U.T.) (All correspondence has to be made at our Mira Road address only) CIN-L27100DN1960PLC000371

PERMANENT MAGNETS LIMITED B-3, MIDC, Village Mira, Mira Road East, Thane - 401104, Maharashtra, India Phone : +91-22-68285454 Facsimile : +91-22-29452128 Email : sales@pmlindia.com Website : www.pmlindia.com

The Chairman further informed that the Scrutinizer’s Reports along with the results of e-voting and poll, shall be inform to the Stock Exchange and Central Depository Services (India) Ltd. Further it would also be placed on the website of the Company i.e www.pmlindia.com within the stipulated time.

The meeting concluded at 12.30 p.m. after the members cast their votes.

Thanking You,

Yours faithfully,

For Permanent Magnets Limited

RACHANA Digitally signed by RACHANA VISHWANAT VISHWANATH RANE Date: 2019.09.28 H RANE 17:39:21 +05'30' Rachana Rane Company Secretary

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RegdOffice: Harsh Avenue, 302, 3[rd] Floor, opp. Silvassa Police Station, SilvassaVapi Main Road, Silvassa- 396 230. Dadra and Nagar Haveli (U.T.) (All correspondence has to be made at our Mira Road address only) CIN-L27100DN1960PLC000371