The Board of Directors of Permanent Magnets Limited has approved a final dividend of ₹2 per equity share for the financial year ended March 31, 2025.
The announcement was made following the 64th Annual General Meeting (AGM) of the company held on Thursday, August 07, 2025. The AGM commenced at 2.30 p.m. and concluded at 3.10 p.m.
| Particulars | Details |
|---|---|
| Final Dividend Per Share | ₹2.00 |
The 64th Annual General Meeting (AGM) of the members of Permanent Magnets Limited was held on Thursday, August 07, 2025, at 2:30 p.m. through Video Conferencing. Shri Sharad Taparia, Managing Director, informed that the Meeting was held through VC / OAVM in compliance with the circulars issued by the Ministry of Corporate Affairs and introduced the Directors and Invitee present at the meeting.
As per Section 103 of the Companies Act, 2013, 48 shareholders were present at the meeting. The required quorum for convening the AGM was present. 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 64th AGM of the Company which was held through Video Conferencing (VC), with the consent of the Members present the notice of the 64th 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 2024-2025 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.
Besides the dividend approval, the AGM saw several other resolutions being passed, including:
- Adoption of the Audited (Standalone & Consolidated) financial statements for the Financial Year ended March 31, 2025, along with the reports of the Board of Directors and Auditors thereon.
- Re-appointment of Girish Desai (DIN: 01056763), who retires by rotation and being eligible, offers himself for re-appointment.
- Revision of the terms of remuneration for Sharad Taparia (DIN: 00293739) as Managing Director, effective April 01, 2025.
- Re-appointment of Sharad Taparia (DIN: 00293739) as the Managing Director of the Company, effective April 01, 2026.
- Increase in the Authorised Share Capital of the Company and Alteration of the capital clause of the Memorandum of Association of the Company.
- Appointment of Dash Dwivedi & Associates LLP, Company Secretaries, as the Secretarial Auditors of the Company and fixing their remuneration.
Four members had registered as speakers 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 Shri. Sharad Taparia, Managing Director 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.
This is for your information and records.
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