Permanent Magnets Ltd. — AGM Information 2021

Aug 17, 2021

PERMANENT MAGNETS LIMITED

B-3, MIDC, Village Mira, Mira Road East, Thane - 401104, Maharashtra, India

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Phone : +91-22-68285454 Facsimile : +91-22-29452128 Email : sales@pmlindia.com Website : www.pmlindia.com

Date: August 17, 2021

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 60[th] Annual General Meeting (AGM) of the Company held on Tuesday, August 17, 2021.

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we enclosed herewith summary of Proceedings of the 60[th] Annual General Meeting (AGM) held on Tuesday, August 17, 2021, through Video Conferencing (VC).

The AGM commenced at 11.30 a.m. and concluded at 1.18 p.m.

We request you to take the same on record.

Thanking You,

Yours faithfully,

FOR PERMANENT MAGNETS LIMITED

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RACHANA RANE COMPANY SECRETARY

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Regd Office: Harsh Avenue, 302, 3[rd] Floor, opp. Silvassa Police Station, Silvassa Vapi 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

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Phone : +91-22-68285454 Facsimile : +91-22-29452128 Email : sales@pmlindia.com Website : www.pmlindia.com

SUMMARY OF PROCEEDINGS OF THE 60[TH] ANNUAL GENERAL MEETING

1. Date, time and Venue of the Annual General Meeting :

The 60[th] Annual General Meeting (AGM) of the members of Permanent Magnets Limited (“the Company”) was held today i.e Tuesday, August 17, 2021 at 11.30 am through Video Conferencing.

2. Brief details of items deliberated at AGM:

Shri. Sharad Taparia, Managing Director elected as a Chairman for the Annual General Meeting and then he chaired the Meeting.

The Chairman informed that the Meeting was held through VC / OAVM in compliance with the circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India.

As per Section 103 of the Companies Act, 2013, 44 shareholders were present at the meeting. The required quorum for convening the AGM being present, the Chairman called the meeting to order.

The Chairman welcomed the Members to the 60[th] AGM of the Company through Video Conferencing (VC).The Chairman introduced the other Directors and other invitee present at the meeting.

With the consent of the Members present the notice of the 60[th] AGM and the Report thereon were taken as read by the Chairman. The Chairman delivered his Speech on the highlights of the Company’s performance during the Financial year 2020-2021 and its future outlook.

Ms. Rachana Rane, Company Secretary of the Company requested the Members who had not voted through remote e-voting to vote through the e-voting process provided at the AGM.

The following Agenda items of Business, as set out in the Notice of 60[th] AGM, were transacted at the meeting and put for shareholder's approval :

ORDINARY BUSINESS:

1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2021 along with notes and schedules thereon as on that date and the reports of the Board of Directors and Auditors’ thereon.

2. To declare a final dividend of Re. 1/- per equity share, for the financial year ended March 31, 2021.

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

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Regd Office: Harsh Avenue, 302, 3[rd] Floor, opp. Silvassa Police Station, Silvassa Vapi 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

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Phone : +91-22-68285454 Facsimile : +91-22-29452128 Email : sales@pmlindia.com Website : www.pmlindia.com

SPECIAL BUSINESS:

1. To approve requests received from Shri. Anupkumar Taparia and Family Group for reclassification from “Promoter and Promote Group” category to “Public” category.

Nine members had registered as speaker for the AGM. The queries raised by the Members at the meeting and also those which were sent prior to the meeting, were suitably replied by the Chairman and Chief Financial Officer.

The Board of Directors of the Company had appointed Shri. Arun Dash, Practicing Company Secretary as Scrutinizer for scrutinizing the remote e-voting and e-voting at the AGM.

The Company Secretary informed the members that the results of the Remote e-voting and E-voting during the course of AGM of the company, would 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 1.18 p.m. with vote of thanks.

Thanking You,

Yours faithfully,

FOR PERMANENT MAGNETS LIMITED

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RACHANA RANE COMPANY SECRETARY

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Regd Office: Harsh Avenue, 302, 3[rd] Floor, opp. Silvassa Police Station, Silvassa Vapi 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