Permanent Magnets Ltd. — Board/Management Information 2021

May 20, 2021

May 20, 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

To,

Corporate Relation Department

The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai - 400 001

Dear Sir(s),

Sub: Intimation of Meeting of Board of Directors of the Company pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,

Ref: Scrip Code : 504132

Pursuant to Regulation 29 and other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, May 28, 2021 through Video Conferencing, inter-alia, to:

• Consider and approve Audited Financial Results of the Company on Standalone basis for the quarter and financial year ended as on March 31, 2021.

• To recommend dividend – if any, on the equity shares of the Company for the financial year ended as on March 31, 2021.

• To Re-appoint Shri.Sukhmal Jain as Chief Financial Officer (CFO) w.e.f July 21, 2021 for the period of 3 years.

• Any other item with the permission of chair.

Further, pursuant to our Letter dated March 30, 2021 and in terms of SEBI (Prohibition of insider Trading) Regulations, 2015 with the Company's internal code of conduct, for prevention of insider Trading, the Trading window for dealing in securities of the Company will remain closed for Directors / Officers/ Designated persons of the Company till 48 hours post the board meeting i.e till May 30, 2021.

The trading window shall reopen on May 31, 2021.

We request you to kindly take the same on record.

Thanking you,

Yours Faithfully,

FOR PERMANENT MAGNETS LIMITED

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