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Awaiting price reaction for this filing.
The Board of Directors of Permanent Magnets Limited, at its meeting held on May 23, 2025, has recommended a final dividend of Rs. 2.00 per equity share, which is 20% on the face value of Rs. 10 each, for the financial year ended March 31, 2025. This dividend is subject to approval from shareholders at the upcoming Annual General Meeting. The company has its registered office in Silvassa and operations based in Thane, Maharashtra. No prior year dividend comparison or current stock price is provided in this filing.
This is a routine dividend declaration that signals the company is profitable enough to reward shareholders. For investors, it confirms a steady payout, though the actual yield impact on the stock price depends on the current share price, which is not disclosed in this filing.