Permanent Magnets Ltd. — AGM Information 2024

Aug 9, 2024

PERMANENT MAGNETS LIMITED

B-3, MIDC, Village Mira, Mira Road East, Thane - 401107, Maharashtra, India

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

Date: August 09, 2024

To, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001

Ref : Company Scrip Code : 504132

Dear Sir/Madam,

Sub: Summary of Proceedings of the 63[rd] Annual General Meeting (AGM) of the Company held on Friday, August 09, 2024

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 the summary of Proceedings of the 63[rd] Annual General Meeting (AGM) held today i.e Friday, August 09, 2024, through Video Conferencing (VC)/Other Audio Visual means.

The AGM commenced at 2.30 p.m. and concluded at 3.05 p.m

We request you to take the same on record.

Thanking You,

Yours faithfully,

FOR PERMANENT MAGNETS LIMITED

RACHAN Digitally signed by RACHANA A PARESH PARESH SAWANT Date: 2024.08.09 SAWANT 16:02:51 +05'30' RACHANA SAWANT 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 - 401107, 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 63[RD] ANNUAL GENERAL MEETING

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

The 63[rd] Annual General Meeting (AGM) of the members of Permanent Magnets Limited (“the Company”) was scheduled to be held on Friday, August 09, 2024 at 2.30 p.m through Video Conferencing.

2. Proceedings in brief :

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.

As per Section 103 of the Companies Act, 2013, 43 shareholders were present at the meeting. The required quorum for convening the AGM being present, the Chairman called the meeting to order.

All the Directors, Audit Committee Chairman, Chairman of Nomination & remuneration Committee and Stakeholders Relationship Committee attended the meeting.

The Chairman welcomed the Members to the 63[rd] AGM of the Company which was held through Video Conferencing (VC) and introduced the Directors and Invitee present at the meeting.

With the consent of the Members present the notice of the 63[rd] 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 2023-2024 and its future outlook.

Smt. Rachana Sawant, 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 63[rd] AGM, were transacted at the meeting and put for shareholder's approval:

Sr. No. Particulars	Sr. No. Particulars	Type of Resolution
OrdinaryBusiness
1	To receive, consider and adopt the Audited (Standalone & Consolidated) financial statements for the Financial Year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon.	Ordinary Resolution
2	To declare a final dividend of Rs. 1.80/- per equity shares, for the financial year ended March 31, 2024.	Ordinary Resolution

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(All correspondence has to be made at our Mira Road address only)

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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.)

CIN-L27100DN1960PLC000371

PERMANENT MAGNETS LIMITED

B-3, MIDC, Village Mira, Mira Road East, Thane - 401107, Maharashtra, India

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

3 To appoint a director in place of Shri. Mukul Taparia (DIN: 00318434), who retires by rotation and being eligible, offers his candidature for re-appointment.	3 To appoint a director in place of Shri. Mukul Taparia (DIN: 00318434), who retires by rotation and being eligible, offers his candidature for re-appointment.	Ordinary Resolution
SPECIAL BUSINESS:
4.	To approve the continuation of Directorship of Shri. Girish Desai (DIN: 01056763) who will attain age of Seventy Five (75) years on January 21, 2025.	Special Resolution
5.	Appointment of Shri. Nirmal Kumar Jain (DIN: 00019442) as an Independent Director of the Company.	Special Resolution

Five 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 Shri. Sharad Taparia, Chairman of the meeting and Shri. Sukhmal Jain, Chief Financial Officer.

The Board of Directors of the Company had appointed Shri. Arun Dash, Practicing Company Secretaries 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 3.05 p.m. with vote of thanks.

This is for your information and records.

Thanking You,

Yours faithfully,

FOR PERMANENT MAGNETS LIMITED

RACHANA Digitally signed by RACHANA PARESH PARESH SAWANT Date: 2024.08.09 SAWANT 16:06:22 +05'30' RACHANA SAWANT 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