Outcome of Board Meeting dated 09.02.2026. Audit Committee and Board Meeting Commenced at 2.30 PM and concluded at 4.00 PM

Permanent Magnets' board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. On a standalone basis, nine-month profit after tax rose about 32% to Rs 15.23 crore from Rs 11.53 crore a year ago, while nine-month revenue was nearly flat at Rs 158.52 crore (vs Rs 154.26 crore). The company recorded an exceptional item of Rs 2.19 crore (standalone) and Rs 2.25 crore (consolidated) related to employee benefit obligations arising from the implementation of the new Labour Codes. Statutory auditors Jayesh Sanghrajka & Co LLP issued an unmodified review report but drew attention to the ongoing Bombay High Court stay against an old winding up order. The board also appointed InCorp Advisory Services Pvt. Ltd. as internal auditor for FY 2026-27, replacing M/s. G.S. Nayak & Co., which resigned citing other professional commitments.