Permanent Magnets Ltd. — Major Shareholding Notification 2023

Apr 25, 2023

From:

SHARAD JAIPRAKASH TAPARIA 102 Vastushilp, 1[st] Floor, Gamadia Colony, Mumbai 400007 Email Id: sjtaparia@pmlindia.com

25[th] April, 2023

To, To, The Bombay Stock Exchange Limited Permanent Magnets Limited Phiroze Jeejeebhoy Tower, Plot No. B3, MIDC, Mira Gaon, Mira Road (East), Dalal Street, Mumbai - 400001 Thane - 401107

Dear Sir/ Madam,

Sub: Post Intimation under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Ref: Prior intimation filed under regulation 10(5) of SEBI (SAST) Regulations, 2011 dated 19[th] November, 2022

With reference to the Regulation 10(6) of SEBI (SAST) Regulations, 2011, I, the undersigned, hereby furnish the report in the specified format in respect of post inter-se transfer/ transmission (resulting from a Will left behind by Late Mr. Shyamsunder Taparia, Promoter) of 2,73,600 equity shares, constituting 3.18% of the total share capital of Permanent Magnets Limited being the Target Company ("TC").

This inter-se transfer / transmission of equity shares amongst the promoter group upon death of the promoter shareholder, falls within the exemption under Regulation 10(1)(a) and Regulation 10(1)(g) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

As per the Will of Late Mr. Shyamsunder Taparia 8,48,989 equity shares has been transferred / transmitted in below manner:

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Sr. Name of Transferee/Acquirer No. of Shares Transferred/ transmitted
No.
1. Mr. Sharad Jaiprakash Taparia, Promoter 2,73,600
2. Mr. Mukul Jaiprakash Taparia, Promoter 3,35,389
3. Mrs. Meena Hemantji Kabra, Non-Promoter 1,90,000
4. Ms. Roli Bajpai, Non-Promoter 50,000
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Kindly acknowledge receipt on the attached copy of this letter.

Thanking You,

Yours Faithfully,

Sharad Taparia Place : Mumbai

– Format for Disclosures under Regulation 10(6) Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

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1. Name of the Target Company (TC) Permanent Magnets Limited
2. Name of the acquirer(s) Mr. Sharad Jaiprakash Taparia
3. Name of the stock exchange where BSE Limited
shares of the TC are listed
4. [Details of the transaction including ] Inter-se transfer/Transmission of shares due to death of the promoter
rationale, if any, for the transfer/ shareholder. Shares has been transferred as per the Will left behind by Late
acquisition of shares. Mr. Shyamsunder Taparia.
5. [Relevant regulation under which the ] Regulation10(1)(a)(ii) and Regulation 10 (1) (g) of SEBI (SAST)
acquirer is exempted from making Regulations, 2011
open offer.
6. [Whether ] disclosure of proposed
acquisition was required to be made
under regulation 10 (5) and if so,
- whether disclosure was made
and whether it was made within Yes, Disclosure under regulation 10(5) was made within the timeline
the timeline specified under the specified under the regulations.
regulations.
- date of filing with the stock
Date : 19 [th] November, 2022
exchange.
7. Details of acquisition Disclosures required to be made Whether the disclosures
under under regulation 10(5)
regulation 10(5) are actually made
a. Name of the transferor / seller Mr. Mukul Taparia, executor of the estate Yes
of Late Mr. Shyamsunder Taparia
b. Date of acquisition 24 [th ] April, 2023
c. Number of shares/ voting rights in No. of Shares proposed to be acquired as
respect of the acquisitions from per disclosure made under Regulation
each person mentioned in 7(a) 10(5)
above
Sr. Name No. of
No. Shares
1. Mr. Sharad 2,73,600
Jaiprakash Taparia
d. Total shares proposed to be 2,73,600 as 3.18 % of the diluted Share
acquired / actually acquired as a Capital of Target Company.
% of diluted share capital of TC
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e. Price at which shares are proposed NIL
to be acquired / actually acquired
Shares are transferred consequent to the
transmission upon the death of the
promoter shareholder. This is in the nature
of transfer/ transmission of shares through
an off-market transaction amongst the
Promoter Group and others resulting from
a Will left behind by Late
Mr. Shyamsunder Taparia. Therefore, no
consideration is involved in the transfer/
transmission of shares.
8. Shareholding details Pre-Transaction Post-Transaction
No. of shares % w.r.t total share No. of shares % w.r.t total
held capital of TC held share
capital of
TC
a Each Acquirer / Transferee()
1. Mr. Sharad Jaiprakash Taparia 10,67,292 12.41% 13,40,892 15.59%
b Each Seller / Transferor
Mr. Mukul Taparia, executor of the 8,48,989 9.87% 5,75,389 6.69%
estate of Late Mr. Shyamsunder
Taparia
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Note:

• (*) Shareholding of each entity shall be shown separately and then collectively in a group.

• The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.

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Sharad Taparia

Place : Mumbai Date : 25.04.2023