CFO change at Permanent Magnets - Sukhmal Jain exits, Ayush Jain takes over

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

PERMAGN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹838.05

prior close

₹830.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.2% vs market

Other Electrical Equipment peers, median of 53sector-0.2%+0.2% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.2 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

-0.6

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.3+0.2-0.2+0.2

Next day

+3.3-1.5+4.9-1.0+4.3

+2.1-1.5+3.7-1.7+3.8

+1.1-0.2+1.3-0.1+1.2

+5.0-0.5+5.5-1.3+6.3

+1.8-3.2+5.0-3.3+5.1

-0.7-2.2+1.5-3.5+2.9

15d

+1.4-9.5+10.9-12.0+13.4

+14.7pendingpending-10.6+25.2

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 53Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Permanent Magnets Ltd announced a CFO change. Mr. Sukhmal Jain resigned as CFO and KMP, effective September 30, 2026 (resignation was first disclosed on September 3, 2026). The Board appointed Mr. Ayush Kumar Jain as new CFO and KMP effective October 1, 2026. He is a Chartered Accountant and Company Secretary with 9+ years of finance experience, currently serving as General Manager - Finance at the company. The transition is internal and smooth.

Likely market impact

Smooth internal CFO transition. New CFO has 9+ years of finance experience and is already GM-Finance at the company. Minimal disruption expected.