Permanent Magnets Ltd. — Board/Management Information 2024

May 16, 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 : May 16, 2024

To,

Corporate Relation Department The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Security Code : 504132 Security ID : PERMAGN

Sub: Intimation of Appointment of an Additional Director (Non-Executive, Independent Director)

Ref: Regulation 30(2) read with sub-regulation 7 of part A of Schedule Ill and other Regulations of SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015 [Listing Regulations]

Dear Sir/Madam,

In terms of Regulations 30 of SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Company based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Shri. Nirmal Kumar Jain (DIN: 00019442) as an Additional Director (Independent Director; Category: Non-Executive) of the Company for the first term of 5 (Five) years with effect from May 16, 2024, subject to approval of the shareholders.

The requisite details of appointment pursuant to the requirement of Regulation 30 of Listing Regulations read with SEBI master circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are given as Annexure-A.

You are kindly requested to take the above information on record.

Request you to kindly take the same on record.

Thanking you,

Yours Faithfully,

FOR PERMANENT MAGNETS LIMITED

RACHANA Digitally signed by RACHANA PARESH PARESH SAWANT Date: 2024.05.16 SAWANT 18:30:15 +05'30' 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 - 401107, Maharashtra, India

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

Annexure-A

Details under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

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Sr. Particulars Details
No.
1. Name of the Director and DIN Shri. Nirmal Kumar Jain (DIN - 00019442)
2. Reason for change viz. appointment, Appointment as an Additional Director
Re-appointment, resignation, removal, (Independent Director; Category: Non-
death or otherwise Executive) of the Company, subject to the
approval of the shareholders.
3. Date of appointment and term of Appointed as an Additional Director
appointment (Independent Director; Category: Non-
Executive) w.e.f. May 16, 2024, for the first term
of 5 (Five) years subject to the approval of the
Shareholders of the Company by means of
Special Resolution.
4. Brief Profile Shri. Nirmal Kumar Jain, aged 78 years, is a
Fellow Member of The Institute of Chartered
Accountants of India and The Institute of
Company Secretaries of India. Shri. Nirmal
Kumar Jain has held several key positions in the
JSW Group. He possesses rich and varied
experience spanning over four decades in the
areas of Strategic Planning, Project
Identification, Appraisal, Corporate Financial
Management and other allied areas. His expertise
and contributions to the company in business
strategy and finance have helped to drive
significant growth and enhance overall financial
performance.
5. Disclosure of relationship between Shri. Nirmal Kumar Jain is not related to any of
directors inter-se the Directors of the Company.
6. Information as required under circular No. Shri. Nirmal Kumar Jain is not debarred from
LIST/COMP/14/2018-19 and holding the office of Director by virtue of any
NSE/CML/2018/24 issued by BSE and order passed by SEBI or any other such
NSE respectively authority.
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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