Permanent Magnets Ltd. — Interim / Quarterly Report 2026

Aug 6, 2025

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 06, 2025

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

Scrip Code : 504132

Security ID : PERMAGN

Sub: Outcome of Board Meeting dated August 06, 2025

Ref : Unaudited Standalone & Consolidated Financial Results for the Quarter ended June 30, 2025

Meeting Commencement Time 3.00 P.M Meeting Conclusion Time 3.45 P.M

Dear Sir/Madam,

Pursuant to Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Statement containing Unaudited Standalone and Consolidated financial results of the company for the Quarter ended June 30, 2025 as per IND-AS duly approved by Board of Directors along with Limited Review Report thereon issued by the Statutory Auditors of the Company M/s. Jayesh Sanghrajka and Co LLP, Chartered Accountants.

We 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: 2025.08.06 SAWANT 16:09:51 +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

Regd Office : Harsh Avenue, 302, 3rd Floor, Opp. Silvasa Police Station, Silvassa - 396230, D & NH (UT) CIN - L27100DN1960PLC000371, Email: investors@pmlindia.com, Phone : +91 22 68285454 Website: www.pmlindia.com

Statement of unaudited Standalone & Consolidated Financial Results for the Quarter ended June 30, 2025

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(Rs. In crore except EPS)
Standalone
Sr. No. Particulars Quarter Ended on Year Ended on
30.06.2025 31.03.2025 30.06.2024 31.03.2025
(Unaudited) (Unaudited) (Unaudited) Audited
INCOME
1 (a) Gross Sales/Revenue from Operations 53.16 45.28 54.32 199.54
(b) Other Income 1.37 0.53 1.35 4.54
TOTAL INCOME 54.53 45.81 55.67 204.08
2 EXPENSES
(a) Cost of materials consumed 27.29 24.08 31.80 111.66
(b) Purchase of stock-in-trade - - - -
(c) Changes in inventories of Finished Goods, work-in- progress and stock-in- (0.46) 0.69 (0.47) (0.49)
trade
(d) Employee benefits expenses 3.31 2.76 3.12 12.19
(e) Finance Cost 0.57 0.21 0.49 2.17
(f) Depreciation & Amortisation Expenses 2.16 2.86 1.77 9.33
(g) Other expenses 11.87 12.45 11.23 48.95
TOTAL EXPENDITURES 44.74 43.06 47.94 183.82
3 PROFIT FROM OPERATIONS BEFORE EXCEPTIONAL AND TAX (1-2) 9.79 2.75 7.74 20.26
4 Exceptional Items - - - -
5 PROFIT BEFORE TAX (3+4) 9.79 2.75 7.74 20.26
6 TAX EXPENSES 2.51 0.13 1.98 5.10
Current Tax 2.50 0.98 1.96 5.70
Deferred Tax 0.01 (0.85) 0.02 (0.60)
7 PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS ( AFTER TAX ) (5-6) 7.28 2.63 5.75 15.17
8 PROFIT/(LOSS) FROM DISCONTINUING OPERATION - - - -
9 TAX EXPENSES OF DISCONTINUING OPERATION - - - -
10 PROFIT/(LOSS) FROM DISCONTINUING OPERATIONS ( AFTER TAX ) (8-9) - - - -
11 PROFIT FOR THE PERIOD (7+10) 7.28 2.63 5.75 15.17
12 Other Comprehensive Income (OCI) - (0.01) - (0.01)
13 NET PROFIT ( INCLUDING COMPREHENSIVE INCOME )( 11+12) 7.28 2.62 5.75 15.16
14 Paid-up Equity Share Capital (Face Value of Rs. 10/- each) 8.60 8.60 8.60 8.60
Total Reserves ( excluding revaluation reserve)
15 (i) Earning Per Share (before and after Extra Ordinary Items)
- Basic 8.46 3.04 6.69 17.63
- Diluted 8.46 3.04 6.69 17.63
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(Rs. In crore except EPS)
Consolidated
Sr.No. Particulars Quarter Ended on Year Ended on
30.06.2025 31.03.2025 30.06.2024 31.03.2025
(Unaudited) (Unaudited) (Unaudited) Audited
INCOME
1 (a) Gross Sales/Revenue from Operations 53.55 45.28 54.32 205.05
(b) Other Income 1.24 0.45 1.36 4.16
TOTAL INCOME 54.79 45.73 55.68 209.21
2 EXPENSES
(a) Cost of materials consumed 27.62 24.23 32.04 112.49
(b) Purchase of stock-in-trade - - - -
(c) Changes in inventories of Finished Goods, work-in- progress and stock-in- (0.47) 0.27 (1.04) (1.24)
trade
(d) Employee benefits expenses 3.52 2.98 3.32 13.03
(e) Finance Cost 0.62 0.28 0.54 2.40
(f) Depreciation & Amortisation Expenses 2.64 3.53 2.23 11.43
(g) Other Expenditure 12.19 12.76 11.58 50.33
TOTAL EXPENDITURES 46.12 44.05 48.66 188.44
3 PROFIT FROM OPERATIONS BEFORE EXCEPTIONAL AND TAX (1-2) 8.67 1.68 7.02 20.77
4 Exceptional Items - - - -
5 PROFIT BEFORE TAX (3+4) 8.67 1.68 7.02 20.77
6 TAX EXPENSES 2.50 0.11 1.98 5.03
Current Tax 2.50 0.99 1.96 5.71
Deferred Tax 0.01 (0.88) 0.02 (0.68)
7 PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS ( AFTER TAX ) (5-6) 6.17 1.58 5.04 15.75
8 PROFIT/(LOSS) FROM DISCONTINUING OPERATION - - - -
9 TAX EXPENSES OF DISCONTINUING OPERATION - - - -
10 PROFIT/(LOSS) FROM DISCONTINUING OPERATIONS ( AFTER TAX ) (8-9) - - - -
11 PROFIT FOR THE PERIOD (7+10) 6.17 1.58 5.04 15.75
12 Other Comprehensive Income (OCI) - (0.01) - (0.01)
13 NET PROFIT ( INCLUDING COMPREHENSIVE INCOME )( 11+12) 6.17 1.57 5.04 15.74
14 Paid-up Equity Share Capital (Face Value of Rs. 10/- each) 8.60 8.60 8.60 8.60
Total Reserves ( excluding revaluation reserve)
15 (i) Earning Per Share (before and after Extra Ordinary Items)
- Basic 7.17 1.82 5.86 18.30
- Diluted 7.17 1.82 5.86 18.30
Notes:
1 The above results for the quarter ended June 30, 2025 have been reviewed and recommended by the Audit Committee, approved by the Board of Directors at their
Meeting held on 06/08/2025 through video conferencing. The Statutory Auditors have expressed an unqualified audit opinion.
2 This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rule ,2015 (Ind AS) prescribed under Section 133 of Companies Act
,2013, read with rule 3 of the Companies (Indian Accounting Standards) Rules,2015 and Companies (Indian Accounting Standards) Rule ,2016.
3 As the Company operates mainly in one Business Segment i.e Engineering and Current Sensing applications hence are considered to be a single primary business
segment, therefore the disclosure requirement of IND AS 108, Operating Segment is not applicable.
4 Figures for the quarter ended March 31, 2025, are the balancing figures between audited figures in respect of the full financial year and the published year-to-date
figures up to the end of the third quarter of the relevant financial year, i.e, December 31, 2024.
5 Honourable Bombay High Court has given interim stay order against the winding up order passed against the Company dated April 15, 2015. Next hearing in this matter
shall come up as per listing of the court. Company has deposited Rs. 0.19/- Crores with interest as per direction of honourable Bombay High Court.
6 The results of the Company are available for investors at www.pmlindia.com, and www.bseindia.com.
7 The figures for the previous period / year have been regrouped wherever necessary to confirm to the current year's classification.
For Permanent Magnets Limited
Sharad Taparia
Place : Thane Managing Director
Date: 06/08/2025 DIN:00293739
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Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results of the Permanent Magnets Limited for the quarter ended June 30, 2025 (Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To, The Board of Directors of

Permanent Magnets Limited Thane

1. We have reviewed the accompanying statement of standalone unaudited financial results (‘the Statement) of Permanent Magnets Limited (‘the Company’) for the quarter ended June 30, 2025, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Attention is drawn to the fact that the figures for the 3 months ended March 31, 2025 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit

2. This Statement, which is the responsibility of the Company’s Management and is subject to approval by the Company’s Board of Directors at their meeting to be held on August 06, 2025. This statement has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind As 34’), prescribed under Section 133 of the Companies Act, 2013 (‘the Act), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulations 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This standard required that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, the SEBI Circulars, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. We draw attention to Note no. 5 of statement which states that Honorable Bombay High Court had given interim stay order against winding up order and hearing in this matter shall come up as per listing of the court.

Our report is not modified in respect of above matters.

.

For Jayesh Sanghrajka & Co. LLP

Chartered Accountants

ICAI Firm Regd. No. 104184W/W100075

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Hemant Kumar Agrawal

Designated Partner M. No. 403143 UDIN – 25403143BMLIJH3531

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Place: Mumbai Date: 06 August, 2025

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Independent Auditor’s Review Report on the Quarterly Unaudited Consolidated Financial Results of the Permanent Magnets Limited for the quarter ended June 30, 2025 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To

The Board of Directors of Permanent Magnets Limited Thane

1. We have reviewed the accompanying Statement of Unaudited Consolidated financial results (“the statement”) of Permanent Magnets Limited (“the Holding Company”) and its subsidiary (the Holding Company and its subsidiary together referred to as “the Group"), for the quarter ended June 30, 2025, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 (as amended) including relevant circulars issued by the SEBI from time to time. Attention is drawn to the fact that the figures for the 3 months ended March 31, 2025 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit

2. This Statement, which is the responsibility of the Holding Company’s Management and approved by the Holding Company’s Board of Directors at their meeting to be held on August 06, 2025. This statement has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting"("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 (‘the Act), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Consolidated Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial Information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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We also performed procedures in accordance with the SEBI Circular CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.

1. Apart from the parent company, the consolidated unaudited financial results include the following subsidiary:

Name of Entity	Relationship
Quantum Magnetics Private Limited	Wholly Owned Subsidiary

1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 {as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. We draw attention to Note no. 5 of statement which states that Honorable Bombay High Court had given interim stay order against winding up order and hearing in this matter shall come up as per listing of the court.

Our report is not modified in respect of above matters.

For Jayesh Sanghrajka & Co. LLP ,

Chartered Accountants

ICAI Firm Regd. No: 104184W/W100075

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Hemant Kumar Agrawal Designated Partner Membership No. 403143 UDIN: 25403143BMLIJI2677

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Place: Mumbai Date: 06 August, 2025

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